History and scholarship
Insurance theory builds on Knight's (1921) split of risk and uncertainty, Arrow's (1963, AER) analysis of moral hazard and Rothschild and Stiglitz's (1976) adverse-selection equilibrium. Hazell et al. (1986) and the World Bank (Mahul & Stutley, 2010) discuss why crop insurance needs public support. The qualification is reported to date from the mid-2010s.
Getting it
It is generally a first-stage multiple-choice exam (insurance law, disaster insurance law, crop science) and a second-stage written exam. Check notices. Requirements, subjects, credit and practicum rules, pass criteria and dates can change; always check the administering body's notice and current law.
Work and careers
Assessors are often commissioned by insurers for seasonal field surveys. Compare with claims adjusters; links to tree doctors and drone pilots.
FAQ
- Are there full-time jobs?
- Commissioned, per-case work is common.
- Versus claims adjuster?
- Specialised in agricultural insurance.
Sources reviewed: 2026-10-26
References
- Q-Net 큐넷(한국산업인력공단). https://www.q-net.or.kr
- 국가법령정보센터. https://www.law.go.kr
- Knight, F. H. (1921). Risk, Uncertainty and Profit. Houghton Mifflin.
- Arrow, K. J. (1963). Uncertainty and the welfare economics of medical care. American Economic Review, 53(5), 941–973.
- Rothschild, M., & Stiglitz, J. (1976). Equilibrium in competitive insurance markets. Quarterly Journal of Economics, 90(4), 629–649.
- Hazell, P., Pomareda, C., & Valdés, A. (Eds.). (1986). Crop Insurance for Agricultural Development. Johns Hopkins University Press.
- Mahul, O., & Stutley, C. J. (2010). Government Support to Agricultural Insurance. World Bank.
- Spence, M. (1973). Job market signaling. Quarterly Journal of Economics, 87(3), 355–374.
- Collins, R. (1979). The Credential Society: An Historical Sociology of Education and Stratification. Academic Press.
- Abbott, A. (1988). The System of Professions: An Essay on the Division of Expert Labor. University of Chicago Press.