Home // GEOProcessing 2015, The Seventh International Conference on Advanced Geographic Information Systems, Applications, and Services // View article

A Study on the Insurance Premium Rate Map Considering the Natural Disaster Risks in Korea

Authors:
Jung Ok Kim
Junseok Lee
Jihun Kang

Keywords: natural disaster; hazard risk; insurance map; GIS; insurance premium rate

Abstract:
Recently, the number of natural disasters has increased due to abnormal changes in the weather in Korea. A storm and flood insurance system is available to prevent fallout from these natural disasters. The national storm and flood insurance premium rates are very low and the risk of adverse selection exists because the system is based exclusively on those who live in high-risk areas. To solve these problems, a storm and flood insurance premium rate map is required. In this paper, we investigate domestic and foreign storm and flood insurance maps and extract the common elements of these storm and flood insurance maps. We also created a prototype storm and flood insurance premium rate map of Ulsan in Korea.

Pages: 51 to 52

Copyright: Copyright (c) IARIA, 2015

Publication date: February 22, 2015

Published in: conference

ISSN: 2308-393X

ISBN: 978-1-61208-383-4

Location: Lisbon, Portugal

Dates: from February 22, 2015 to February 27, 2015