Forecast Organizer Hosts Webinar on 'Differential Insurance Premium Rate System'

A Total of About 120 Participants from 12 Organizations of the IADI Asia-Pacific Regional Committee

[Asia Economy Reporter Park Sunmi] The Asia-Pacific Regional Committee of the International Association of Deposit Insurers (IADI), chaired by Wi Sung-baek, President of the Korea Deposit Insurance Corporation (KDIC), announced that it will hold an international webinar on the differentiated premium rate system on the 6th.

Due to COVID-19, this webinar will be held online and is planned to discuss the introduction process, application methods, and future development tasks of the differentiated premium rate system in three countries: Korea, Malaysia, and Taiwan. The differentiated premium rate system refers to a system that imposes premiums commensurate with risk to provide incentives for sound management of insured financial institutions and to prevent moral hazard.

About 120 participants from a total of 12 organizations belonging to the Asia-Pacific Regional Committee will attend the webinar. Wi Sung-baek, President of KDIC, stated, "Through this webinar, we expect that countries that have already introduced the differentiated premium rate system will gain insights for system improvement, and countries preparing to introduce the system will have an opportunity to consider important factors when implementing the system."

KDIC plans to continue to take the lead in active knowledge sharing through technical support activities within the region as the chair of the IADI Asia-Pacific Regional Committee, striving to enhance the corporation's international leadership.

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