• Title/Summary/Keyword: Life Insurance

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Substandard Life Insurance and Medical Selection (표준하체보험(標準下體保險)과 의학적(醫學的) 선택(選擇))

  • Hirao, Masaharu
    • The Journal of the Korean life insurance medical association
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    • v.2 no.1
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    • pp.3-16
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    • 1985

  • Necessity of life insurance is stronger for people who feel some anxiety of their health. However, in fact, it is not permitted for them to get a contract, because life insurance stands on the mutual benefit system. Life insurance must be impartial to all applicants. However, it is very reasonable that an applicant, who has high medical impairment like heart infarction or cancer, is rejected, to have a contract by underwriting decision. On the other hand, if his medical impairment is not so severe, we might accept his application by giving some restriction. Numericalratingsystem by hunter-rogers gave us one of solutions to this problem. We can keep impartiality by using more restrictive decision, in order that we demand additional payment to the impairment applicant according to his mortality. We call this system as substandard life insurance. In this system we need detail information about impairments of applicants in order to decide the condition of substandard risks. Therefore, medical examiners are required to have high diagnostic technique.

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Face/non-face channel fit comparison of life insurance company and non-life insurance company using social network analysis (소셜네트워크 분석을 활용한 생보사와 손보사의 대면/비대면 채널의 적합성 비교)

  • Chun, Heuiju;Leem, Byunghak
    • Journal of the Korean Data and Information Science Society
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    • v.25 no.6
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    • pp.1207-1219
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    • 2014

  • In this study, 1) we compare face channel and non-face channel of life insurance company and non-life insurance company with insurance employs' suitability opinion about channel type, channel property, channel evaluation items requiring when selling insurance products, 2) we construct two social networks for life insurance companies and non-life insurance companies and find/compare two networks' properties, and then want to suggest any direction about sale channel strategy. As the result of comparing social networks of life insurance company and non-life insurance company created by insurance selling channel fit evaluation, employs of life insurance companies have more common opinion than those of non-life insurance companies and so can have more same directional channel strategy. However, property insurance companies need to manage their own channel strategy based on their own circumstance.

  • https://doi.org/10.7465/jkdi.2014.25.6.1207 인용 PDF KSCI