An Empirical Investigation of the Demand for Automobile Insurance in China

South Korea needs to keep growing; individuals, households, businesses either private or public. It needs to grow and should seek sustainable growth based upon economic performance, taking good care of its environment. Social responsibility is the essence of sustainable growth, which is the vision of Korean economy. South Korea is facing many problems regarding sustainability: polarization, unemployment, demography and so on. Korean insurance industry must look for new development locomotives; it has to seek development based upon its core competence in risk management service with the vision of sustainable growth. As the public’s interests in risk management service are ever increasing, the integrated risk management service may be a good future market for insurance business whose main function is basically risk management.