A.M. Best와 CAMEL제도를 원용한 국내 손해보험산업 평가에 관한 연구 = (A study on the Assessing the Strength of Domestic P/L Insurers by Using Rating Techniques)

다국어 초록 (Multilingual Abstract)

The purpose of this paper is to assess the financial strength of domestic property-liability insurers by using Best's rating and CAMEL techniques. Four year financial data of ten domestic non-life insurers are selected as examples. A quantitative evaluation of 10 domestic insurers' financial strength and operating performance relative to the Best's top group is carried out. The quantitative evaluation is done in 5 key areas; growth, efficiency, profitability, safety, and liquidity.
Even if there are some differences in assessing the financial strength between two techniques, this study indicates that the ten domestic insurers have to improve profitability and efficiency areas to endure as a competitive going-concern. Domestic insurers should have a strong financial structure with quality management. They should strive to strengthen financial soundness through profitability and efficiency. It also provides evidence that there is a big gap between domestic large insurers and small insures in all areas. Therefore, small domestic insurers especially, should focus on long-term management objective and should be concerned with competition by the market share and with operation efficiency and profitability.

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