The Journal of Risk Management and Insurance owned by the Assumption University. All articles appearing herein are the property of the university. All rights are reserved. However, the university and the editiorial board do not take responsibility for the views expressed by individual authors. For all enquires, address all correspondence to the Journal of Risk Management and Insurance, Assumption University, Ramkhamhaeng 24 Rd., Hua Mak, Bangkok 10240, Thailand.