Research On The Establishment And Development Of Shanghai Free Trade Zone Offshore Insurance Market

China (Shanghai) free trade test area is a regional free trade zone set up by the Chinese government in Shanghai. With the national focus on the implementation of ’The Silk Road Economic Belt and the 21st-century Maritime Silk Road’ strategy, in particular the cross-border financial services provided by China’s financial industry is facing industrial upgrading and historical opportunity for development. Offshore financial development including offshore insurance becomes an important part of building a free trade zone and the only way of serving national development strategies and internal demand of the industry.Shanghai’s excellent geographical location, stable political and economic environment, the long financial industry development history and government positive policy factors provide good development opportunity for Shanghai offshore insurance market construction.China’s current offshore insurance business conduct is not very mature and lack of insurance talents with low market access and weak risk control and other factors which can not meet the needs of the emerging offshore insurance market. This paper reviews the history of offshore financial services and lessons learned after, focuses on the necessity to build a free trade zone and power to build offshore insurance market through multiple linear regression equation. While the business model, principle part construction, aspects of the offshore insurance business scope, and risks related to tax and other regulatory policies, laws and regulations and supervision of the market have been discussed deeply.In order to build up Shanghai FTA offshore insurance market, we also need to simplify the administrative examination and approval, make tax breaks, update the insurance business equipment, and insurance services means updated, insurance products innovation, improve the level of insurance services, focusing on training high-level personnel of the insurance, establishment of index management system and strengthen risk management mechanism. When the offshore insurance market fully completed, it will be on the development of Shanghai from its own free trade area and escort play a catalytic role for the further deepening and useful exploration of China’s reform and opening.