• 한국환경과학회지
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• 제23권2호
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• pp.171-180
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• 2014

This study provides the empirical results of the customers' necessity and intentions of purchasing weather index insurance using survey of asking the customers' recognition about weather insurance. In this article, we discovered that not only the customers' past experience of loss but also the extent of damage and the effects that change in weather would have on their firm are positively related to an intention to purchase weather index insurance. In addition, the level of premiums was significantly higher for the highly-intended group of willing to purchase weather index insurance than the comparison group.

• 한국컴퓨터정보학회논문지
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• 제22권9호
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• pp.99-105
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• 2017

In this paper, we propose to design and implement the database management system for analyzing vehicle accidents through utilizing integration of the public big data. And the paper aims to provide valuable information for recognizing seriousness of the vehicle accidents and various circumstances at the accident time, and to utilize the produced information for the insurance company policies as well as government policies. For analysis of the vehicle accidents the system utilizes the integrated big data of National Indicator System, the Meteorological Office, National Statistical Office, Korea Insurance Development Institute, Road Traffic Authority, Ministry of Land, Infrastructure and Transport as well as the National Police Agency, which differentiates this system from the previous systems. The system consists of data at the accident time including weather conditions, vehicle models, age, sex, insurance amount etc., by which the database system users are able to obtain the integral information about vehicle accidents. The result shows that the vehicle accidents occur more frequently in the clear weather conditions, in the vehicle to vehicle conditions and in crosswalk & crossway. Also, it shows that the accidents in the cloudy weather leads more seriously to injury and death than in the clear weather. As well, the vehicle accident information produced by the system can be utilized to effectively prevent drivers from dangerous accidents.

• 한국유기농업학회지
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• 제28권4호
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• pp.459-475
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• 2020

This study analyzes weather derivatives as an alternative risk management tool to stabilize farm revenue to complement the existing crop insurance program which suffers from asymmetric information problems such as adverse selection, moral hazard, and verifiability. We estimated apple yield functions to observe the relationship between yields and weather indices such as temperature and precipitation. Based on the estimated yield functions we designed weather futures and options products underlying temperature and precipitation, and calculated the prices of futures and options by two different approaches, historical distribution and Monte Carlo simulation. We found that weather futures and options stabilize farm revenue based on the estimated four risk indicators: Coefficient of Variation, Value at Risk, Certainty Equivalence, and Risk Premium. As a result, weather derivatives could be considered as a potential farm risk management tool through studying more in legal and institutional strategies and developing various derivatives products.

• Journal of the Korean Data and Information Science Society
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• 제24권3호
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• pp.603-623
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• 2013

최근 들어 예측하기 힘든 기후의 변동성이 심해지고 한국의 산업이 고도화됨에 따라 날씨의 변화에 능동적으로 대처하기 위해 날씨보험이나 날씨 파생상품을 활용할 수 있으나 현재 실제로 이러한 금융상품을 이용하여 날씨위험을 관리하는 데에는 많은 어려움과 한계가 있다. 본 논문에서는 다양한 강수보험의 활성화에 필요한 강수횟수와 강수량의 확률적 모델링을 통하여 여러 가지 강수 보험을 제안하고 추정된 결합분포를 통하여 보험료를 산출하려 한다. 이를 위하여 최근 30년 동안 한국 9개 지역의 7월-9월의 월 강수량과 월 강수 횟수를 확률분포에 적합하고 두 확률변수의 상관성을 코퓰라를 이용하여 분석한다. 그리고 개별분포와 추정된 코퓰라를 이용하여 시뮬레이션을 통하여 여러 가지 강수 보험의 가격을 결정하는 방법을 제안한다.

• 대기
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• 제34권2호
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• pp.107-121
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• 2024

In this study, we empirically analyzed the impact of physical risks due to climate change on the soundness and operational performance of the financial industry by combining economics and climatology. Particularly, unlike previous studies, we employed the Seasonal-Trend decomposition using LOESS (STL) method to extract trends of climate-related risk variables and economic-financial variables, conducting a two-stage empirical analysis. In the first stage estimation, we found that the delinquency rate and the Bank for International Settlement (BIS) ratio of commercial banks have significant negative effects on the damage caused by natural disasters, frequency of heavy rainfall, average temperature, and number of typhoons. On the other hand, for insurance companies, the damage from natural disasters, frequency of heavy rainfall, frequency of heavy snowfall, and annual average temperature have significant negative effects on return on assets (ROA) and the risk-based capital ratio (RBC). In the second stage estimation, based on the first stage results, we predicted the soundness and operational performance indicators of commercial banks and insurance companies until 2035. According to the forecast results, the delinquency rate of commercial banks is expected to increase steadily until 2035 under assumption that recent years' trend continues until 2035. It indicates that banks' managerial risk can be seriously worsened from climate change. Also the BIS ratio is expected to decrease which also indicates weakening safety buffer against climate risks over time. Additionally, the ROA of insurance companies is expected to decrease, followed by an increase in the RBC, and then a subsequent decrease.

• 수산해양교육연구
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• 제26권5호
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• pp.1044-1057
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• 2014

This study has seen about a indemnity system of fishery damage by natural disasters such as a problem and improvement methods of government aid system and system on accident insurance for cultured fishery products. Recently, in the situation that the demage of aquaculture industry caused by frequent typhoon resulted from global warming and abnormal changed of weather is nasty, the accident insurance for cultured fishery products is necessary to show its true quality and to protect fishers against natural disasters owing to the limitation of government's aid for them. However, The objects of accident insurance for cultured fishery products which is progress on, is too short to apply, so that it is absolutely insufficient to fulfill the demands of culturing fishermen. Therefore, It could be a certain preparation to magnify the range of object items of it and to convert the trial industry being adjusted to limited area into full scale industry to adjust over all nationally. Furthermore, This insurance is complicated and strict to join rather than other insurances. As it can be seen by examples that got in trouble, despite culturing fishermen applied to join the insurance, they took all demage because the insurance was not realized. So, It is hard to say that causes impute the responsibility of it to the authority of insurance, not culturing fishery. They should simplify the registration process, limit the period each registration process and consider a countermeasure to complete it. Concerning compensation for the loss, agriculture part is easier to investigate the loss due to remained dead crop damaged by natural disaster, meanwhile, in fishing part, especially in case of cultivation of fish, it is difficult to investigate the loss and demage because crops are blown all together with typhoon when it comes plus the facilities of them are also very old. Consequently to solve the problem needs more positive attitude as it is policy insurance.

• 응용통계연구
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• 제29권1호
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• pp.145-155
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• 2016

이 논문에서는 기상에 따른 고령 환자의 질병 발생빈도를 예측하는 방법을 비교한다. 분석을 위해 건강보험심사평가원의 고령 환자 의료 자료와 기상청 자료를 주별, 권역별로 병합한다. 기상에 영향을 받는 질병의 주별 발생 빈도를 ARMAX모형, VARMAX모형, TSCS회귀모형으로 분석하고 MSE, MAPE, MAE 기준으로 모형을 비교했다.

• 한국기후변화학회지
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• 제4권4호
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• pp.317-330
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• 2013

홍수와 가뭄, 고온 등 이상기상의 영향으로 쌀 단수가 감소할 수 있다. 본 연구의 목적은 등숙기 이상기상이 쌀 단수에 미치는 영향을 파악하는 것이며, 이를 위하여 횡단면 자료와 시계열 자료를 모두 이용할 수 있는 패널모형을 이용하였다. 본 연구에서는 기상요소의 평균값을 기준으로 ${\pm}2{\sigma}$의 범위를 벗어날 때를 이상기상으로 정의하였다. 분석결과를 보면, 이상고온이 발생하였을 때 쌀 단수가 5.8~16.3% 감소, 이상고온과 폭우가 동시에 발생하였을 때 8.8~20.8% 감소하는 것으로 나타났다. 이상기상으로 인한 쌀 생산량 감소를 최소화하고, 농가의 소득안정을 위하여 고온과 폭우에 강한 신품종 개발, 농업용 수리시설의 현대화, 농작물보험 채택 등의 적응전략이 필요하다.

• Journal of Preventive Medicine and Public Health
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• 제39권4호
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• pp.309-316
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• 2006

Objectives: Korean epidemiological studies have used reduced samples according to the subject's characteristics, such as the health services provided, the historical note with asthma, and age, to examine the acute effect of air pollution on asthma using the Korean National Health Insurance records. However, there have been few studies on whether the effects shown in these reduced samples are different from those of all samples. This study compared the effects of air pollution on asthma attacks in three reduced samples with those of entire samples. Methods: The air pollution data for $PM_{10},\;CO,\;SO_2,\;NO_2,\;and\;O_3$, and weather conditions including temperature, relative humidity, and air pressure in Seoul, 2002, were obtained from outdoor monitoring stations in Seoul. The emergency hospital visits with an asthma attack in Seoul, 2002 were extracted from the Korean National Health Insurance records. From these, the reduced samples were created by health service, historical notes with asthma, and age. A case-crossover design was adopted and the acute effects of air pollution on asthma were estimated after adjusting for weather, time trend, and seasonality. The model was applied to each reduced sample and the entire sample. Results: With respect to the health service, the effects on outpatients were similar to those for the total sample but were different for inpatients. These similar effect sizes were also observed in the reduced samples according to the historical note with asthma and age. The relative risks of $PM_{10},\;CO,\;SO_2,\;NO_2,\;and\;O_3$, among the reduced and entire samples were 1.03, 1.04-1.05, 1.02-1.03, 1.04-1.06, and 1.10-1.17, respectively. Conclusions: There was no clear evidence to show a difference between the reduced samples and the entire samples.

• 한국수자원학회:학술대회논문집
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• 한국수자원학회 2012년도 학술발표회
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• pp.20-25
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• 2012

New Zealand suffers from regular floods, these being the most common source of insurance claims for damage from natural hazard events in the country. This paper describes the origin and distribution of the largest floods in New Zealand, and describes the systems used to monitor and predict floods. In New Zealand, broad-scale heavy rainfall (and flooding), is the result of warm moist air flowing out from the tropics into the mid-latitudes. There is no monsoon in New Zealand. The terrain has a substantial influence on the distribution of rainfall, with the largest annual totals occurring near the South Island's Southern Alps, the highest mountains in the country. The orographic effect here is extreme, with 3km of elevation gained over a 20km distance from the coast. Across New Zealand, short duration high intensity rainfall from thunderstorms also causes flooding in urban areas and small catchments. Forecasts of severe weather are provided by the New Zealand MetService, a Government owned company. MetService uses global weather models and a number of limited-area weather models to provide warnings and data streams of predicted rainfall to local Councils. Flood monitoring, prediction and warning are carried out by 16 local Councils. All Councils collect their own rainfall and river flow data, and a variety of prediction methods are utilized. These range from experienced staff making intuitive decisions based on previous effects of heavy rain, to hydrological models linked to outputs from MetService weather prediction models. No operational hydrological models are linked to weather radar in New Zealand. Councils provide warnings to Civil Defence Emergency Management, and also directly to farmers and other occupiers of flood prone areas. Warnings are distributed by email, text message and automated voice systems. A nation-wide hydrological model is also operated by NIWA, a Government-owned research institute. It is linked to a single high resolution weather model which runs on a super computer. The NIWA model does not provide public forecasts. The rivers with the greatest flood flows are shown, and these are ranked in terms of peak specific discharge. It can be seen that of the largest floods occur on the West Coast of the South Island, and the greatest flows per unit area are also found in this location.