Study On The Influencing Factors Of Shipping Insurance

With the promulgation of the 14 th Five-Year Plan and the vision goal of 2035,China has established a number of free trade zones in coastal provinces across the country.In view of the fact that shipping insurance,as a loss compensation mechanism and risk transfer mechanism in coastal free trade zones,can effectively enhance the risk coping ability and bearing capacity of the shipping industry,and the development of shipping insurance and the development of free trade zones promote each other,shipping insurance has important significance in the construction of insurance system in free trade zones.Therefore,this thesis studies the influencing factors of shipping insurance,explores the main factors affecting the development of shipping insurance,and provides suggestions for the further development of shipping insurance,so as to promote the further development of free trade zone.Based on the data available in Shenzhen,Guangzhou,Zhuhai and Dongguan in Guangdong Province,this thesis takes the period from 2015 to 2021 as the limit,and based on relevant literature,takes the shipping premium as the dependent variable,and selects nine independent variables for data analysis.First,the economic model is selected,the stationarity of the model is tested,the stationarity of each variable is judged,and the unstable variable after the difference is eliminated and the preliminary regression model is obtained.Then the collinearity test is carried out,the variables with serious collinearity are eliminated,and the regression model is obtained by stepwise regression method.On this basis,the model is tested by heteroscedasticity test,autocorrelation test and cointegration test.Finally,Granger causality test is used to test the causality between dependent variable and independent variable.The main conclusions of this study are as follows: the increase in the number of first-class ports will reduce the shipping premium,and the increase in the number of ships sailing in and out and the number of amendments to shipping laws will also reduce the shipping premium.The increase in port cargo through put and the number of changes in foreign shipping laws will increase shipping premiums.Finally,some suggestions are put forward to strengthen the legal system of shipping insurance,strengthen the policy support and promote the innovation of shipping insurance.