적정 예금보험료율 분석: 손보업권을 대상으로

Analysis of Proper Deposit Insurance Premium Rate for Korean Property & Liability Insurance Business

As of 2018 the deposit insurance premium rate for the Korean P&L insurance business is 0.15%, but it is not clear how they set the rate and on what basis. Also, the proper amount of target fund of deposit insurance for P&L insurance business seems to be lower than the current amount. This implies that the proper deposit insurance premium rate should be lower than the current rate of 0.15%. This study, using OPM (Option Pricing Model) to analyze deposit insurance premium rates, shows that the proper rate for the Korean P&L insurance business should be lower than 0.01%. In the near future, with the introduction of K-ICS (Korea Insurance Capital Standard), Korean insurers’ capital adequacy will be quite high and higher capital means lower default rate which should be a factor in lowering the deposit insurance premium rate. KDIC (Korea Deposit Insurance Corporation) needs to take this into account for its policy makings and lower the deposit insurance premium rate for the Korean P&L insurance business.