Author(s)

Du Jiang

Corresponding Author

Du Jiang

Abstract

This article mainly studies how to define insurable interests in marine insurance contracts in order to meet the evolving needs of modern maritime industry when marine risks are diversified. Firstly, this article makes a detailed analysis of various types of marine risks and their causes, including natural disasters, political changes, market fluctuations, technological innovation and other risks, and deeply explores the far-reaching impact of these risks on the marine insurance industry. Subsequently, the article traces back to the traditional definition method of insurable interest in marine insurance contracts, and reveals its limitations in the application of contemporary maritime industry. Based on this, this article further explores the new trend of defining insurable interests in marine insurance contracts, and puts forward the direction and strategy of legal framework reconstruction. The diversity of marine risks requires that the definition of insurable interests in marine insurance contracts should be more flexible and adaptable. The reconstruction of legal framework has become the key way to meet this challenge, including the revision and improvement of laws and regulations, and strengthening international legal cooperation and exchanges.

Keywords

Diversity of marine risks; Marine insurance contract; Insurable interest; Legal remolding