insurance industry has grown at a rate of more than 18 percent since 1983 when monopolized South Korean insurance market was made accessible to liability and property insurance companies. There are certain important factors behind this quick rise of automobile insurance industry of South Korea like sudden increase in use of cars in South Korea and mandatory automobile liability insurance policies
insurance market was made accessible to liability and property insurance companies.
● There are certain important factors behind this quick rise ofautomobile insurance industry of South Korea like sudden increase in use of cars in South Korea and mandatory automobile liability insurance policies.
● In 2005 auto insurance industry in South Korea amounted for 35.2 percent of direct premium
car accident so has a disability.
The wife gave birth to two children(2year old baby and 6 year old girl) and can nothing for living at the moment so little income to feed the family
Ⅱ. The current policy and service
ⅰ) National basic livelihood act
☞What is the Minimum cost of living?
Public health and cultural life, the cost of the minimum required to maintain the means. Minister
Ⅰ. Introduction of insurance industry
Property Insurance
- Long-term insurance(3~15)
· Permanent Insurance
· Savings Insurance!!!
- Carinsurance
: Now in declining trend due to Global Crisis
- General insurance
· Fire
· Marine
· Special
Ⅲ. Applying IFRS
The issue about introduction of IFRS
- Children tuition support : it consists of all educational fees during middle, high school and college
- Hospital fee support: total amount of health insurance fee for employee and a half for immediate family
- Car discount: Hyundai Motors Car discount depending on the working periods
- Four seasons resort: usable domestic condo and hotel in free or a half price through partnership
- Resid