liability insurance policies. In 2005 auto insurance industry in South Korea amounted for 35.2 percent of direct premiums. South Korea auto insurance has not been a profitable industry after financial restructuring of 1983. There has been only two times when it has made profits in underwriting – in 1997 and 1998. Losses in underwriting have normally been offset, either totally or in part, b
Even though most of their sales is from brokerage, HS has competitiveness in IB and Asset management in Korea market
HS achieved a record revenue of 24,136 million won in Dec 2009. (CAGR: 17.6%. 2007.03 ~ 2009.03)
It’s operating margin is 7.3% during recent three years.
In Dec 2009, HS asset is 110,083 million won. (CAGR: 11.1%. 2007.03 ~ 2009.03)
Korean securities market is relat
Regulation of IT Risk
In order to regulate the IT risk, governments work to address threat to computer crime. For example, representatives of 29 countries - including Canada, Japan and the U.S. – signed the Council of Europe Cybercrime convention in 2001. The convention deals with substantive and procedural cybercrime law. The substantive defines the following activities as crimina
liabilities of HSBC. In 2006, before the crisis two thirds of the increases in the balance sheet were due to the trading assets. This was primarily driven by an increase in holdings of debt securities. HSBC’s operations in Europe, reported a rise in the credit risk arbitrage portfolio reflecting strong investor demand for commercial paper while, in Hong Kong, the increase was driven by the depl
⑵. 재보험의 필요성
㈎ 위험의 분산(Spread)
보험의 원리는 대수의 법칙(Law of Large Numbers)에서 시작된다. 그러나 대수의 법칙이 전 위험 중에서 사고의 발생도수나 총 손해액 정도는 예측할 수 있어도 어떤 특정한 위험의 사고발생이나 사고발생으로 인한 손해액은 알 수 없다.
또한 대수의 법칙이 동