项目来源
韩国国家研究基金(NRF)
项目主持人
정중영
项目受资助机构
동의대학교
项目编号
2006-321-B00513
立项年度
2006
立项时间
未公开
研究期限
未知 / 未知
项目级别
国家级
受资助金额
未知
学科
사회과학
学科代码
未公开
基金类别
人文社科-SD-Research
보험회사 경영평가 ; 손해보험 ; 신용평가 기관A.M.BEST ; 효율성 ; 수익성 ; 인자분석 ; 주성분분석 ; 유동성 ; 안전성 ; P성장성 ; S ; S&P ; PROFITABILITY ; LIQUIDITY ; SAFETY ; EFFICIENCY ; FACTOR ANALYSIS ; PRICIPAL COMPONENT ANALYSIS ; GROWTH ; INSURERS'FINANCIAL STRENGTH ; GENERAL INSURANCE ; A.M.BEST ; A.M.Best
参与者
정중영
参与机构
未公开
项目标书摘要：Research Summary:The objective of rating system is to provide an option as to an insurer's financial strength and ability to meet its ongoing obligations to policyholders.The assigned rating is derived from an in-depth evaluation of a company's balance sheet strength,operating performance and business profile as compared to quantitative and qualitative standards.The purpose of this paper is to assess the financial strength of property-liability insurers by using A.M.Best's rating technique focusing on quantitative standards.Fifteen larger property-liability insurers,which are classified into 3 groups(domestic group,US and Japanese group)by policyholders'surplus,are selected as examples.A quantitative evaluation of 15 insurers'financial strength and operating performance relative to the Best's top group is carried out.The quantitative evaluation is done in 5 key areas;growth,efficiency,profitability,safety,and liquidity.The results show that advanced American insurers maximize their profit by focusing on efficient asset management and underwriting performance in order to take comparative advantages in a competitive industry.However,the five domestic insurers have to improve liquidity and safety areas to endure as a competitive going-concern.Also,Japanese five insurers should improve profitability and growth areas,even though they outperformed in the area of liquidity and safety.It also provides evidence that there is a big gap between domestic large insurers and American insures in all areas except stable growth of operations.Therefore,domestic insurers have to strive to strengthen financial soundness through profitability and should increase the capacity to retain more commercial business and reinsurance in order to become global players.
Application Abstract: Research Summary:The objective of rating system is to provide an option as to an insurer's financial strength and ability to meet its ongoing obligations to policyholders.The assigned rating is derived from an in-depth evaluation of a company's balance sheet strength,operating performance and business profile as compared to quantitative and qualitative standards.The purpose of this paper is to assess the financial strength of property-liability insurers by using A.M.Best's rating technique focusing on quantitative standards.Fifteen larger property-liability insurers,which are classified into 3 groups(domestic group,US and Japanese group)by policyholders'surplus,are selected as examples.A quantitative evaluation of 15 insurers'financial strength and operating performance relative to the Best's top group is carried out.The quantitative evaluation is done in 5 key areas;growth,efficiency,profitability,safety,and liquidity.The results show that advanced American insurers maximize their profit by focusing on efficient asset management and underwriting performance in order to take comparative advantages in a competitive industry.However,the five domestic insurers have to improve liquidity and safety areas to endure as a competitive going-concern.Also,Japanese five insurers should improve profitability and growth areas,even though they outperformed in the area of liquidity and safety.It also provides evidence that there is a big gap between domestic large insurers and American insures in all areas except stable growth of operations.Therefore,domestic insurers have to strive to strengthen financial soundness through profitability and should increase the capacity to retain more commercial business and reinsurance in order to become global players.
