China
-The level of benefit is set between the minimum wage and the minimum living allowance by individual provinces, autonomous regions and municipalities
2) In Japan
- “user pays" system
- By law, workers ask their employer to enroll them
If they have been enrolled for at least 6 months and are fired or made redundant, the now-unemployed worker will receive unemployment insurance
Ⅰ. Introduction of insurance industry
Property Insurance
- Long-term insurance(3~15)
· Permanent Insurance
· Savings Insurance!!!
- Car insurance
: Now in declining trend due to Global Crisis
- General insurance
· Fire
· Marine
· Special
Ⅲ. Applying IFRS
The issue about introduction of IFRS
fire, a mixture of joy and sorrow by intro
● Non life insurance in Korea has the history of about 49 years, at first Chosen Fire and Marine Insurance Company was established in 1922.
● After the last world war, a number of insurance companies were founded to carry on fire or marine insurance, and some companies gradually extended their activities to a host of other kinds of non-life insurance like automobile insurance in nine com
Insurance
Loss of earning insurance is that compensate loss of the expected profit of shipowner or ship manager at this case which the ship doesn't sail because of the accident insurance, Mostly, it compensates instant loss of earning from sinking, stranding, fire and collision of ship. But loss of earning due to oil explosion of oil tanker or an engine trouble should take advantage of extended
fire), 투화(jettison), 갑판유실(washing overboard), 전쟁위험(war perils) 등과 같은 해상위험(Maritime Perils)에 의해 발생하는 해상손해(Marine Losses)를 보상해 줄 것을 보험자(보험회사 또는 보험업자)가 피보험자(화주, 선주 등)에 대하여 약속하고 그 대가로 보험료(Insurance Premium)를 징수하는 경제제도를 말한다.
(2)