농작물재해보험 피해율 산정단위가 보험료 및 모집수수료에 미치는 영향

Effects of Unit Change in Loss Ratio Evaluation on Premium Rate and Agent Commission Fee in Korean Crop Insurance

We measured the effects of unit change in loss ratio evaluation on insurance premium rate and agent commission fee in Korean crop insurance. For the study, empirical data of apple and pear insurances and rice insurance from 2011 to 2018 were obtained from Agricultural Policy Insurance & Finance Service. Ten years of simulation with Copula method was performed to produce insurance premium rate, which was used for the calculation of cost saving in commission fee of eight years during the analytic periods. The results showed that the premium rate discount ranged from 2.06 percentage in pear with perils coverage to 30.4 percentage in pear with all risks coverage. The cost saving in commission fee during the eight years ranged from 511 million won in pear with all risks coverage to 10,442 million won in rice. The cost saving in pear insurance was higher in peril coverage than in all risks coverage.