韩国保险业监管制度及其启示 - 圈中人保险网（Insurance supervision system in Korea and Its Enlightenment）.docVIP

韩国保险业监管制度及其启示 - 圈中人保险网（Insurance supervision system in Korea and Its Enlightenment） The insurance regulatory system in Korea and Its Enlightenment [Author: Chen Dongmei time: 2004-4-14 9:42:54] In this century, 50s, South Koreas political economic and social instability, inflation, the insurance industry is very weak. In 60s, the Korean economy developed rapidly, and the insurance industry entered a new era of development. The premium growth rate was astonishing, and the total premium income in 1965 reached $19 million. South Koreas per capita GDP is around $9500, and its insurance industry has been developed for decades. At present, the Korean insurance industry ranks seventh in the world, in 1999 the premium income was $47 billion 929 million, the insurance density was $1022.8, and the insurance depth was 11.28%. South Koreas insurance is second only to Japan in Asia, accounting for 7.4% of Asias life insurance market share and 8.5% of non life insurance market share. The sudden emergence of Korea insurance industry is closely related to its unique insurance supervision system. Korea insurance regulatory system framework (I) Korea insurance laws and regulations; The insurance law of Korea was promulgated in 1962, and the law of insurance soliciting control and the law of foreign insurance companies were enacted and promulgated in the same year. These three laws established the legal system of the insurance industry in korea. After that, the insurance law was revised several times. In 1977, the three major laws were unified and a single insurance law was formulated. From August 1997 to December 1998, the Korean government revised the insurance law for the 5 time and introduced a series of insurance related policies and regulations, with the aim of further promoting financial reform. The Korean insurance company also has to comply with the commercial system that monitors the rights and obligations of all commercial contracts (Commercial (Code) and related laws, regu