Research Article
Research on the Influencing Factors of Aviation Insurance on the Perspective of Risk Management ——An Empirical Study on the Five Major Airlines in China
@INPROCEEDINGS{10.4108/eai.15-12-2023.2345363, author={Huiyun Zhang and Yuting Chen}, title={Research on the Influencing Factors of Aviation Insurance on the Perspective of Risk Management ------An Empirical Study on the Five Major Airlines in China}, proceedings={Proceedings of the 3rd International Conference on Public Management and Big Data Analysis, PMBDA 2023, December 15--17, 2023, Nanjing, China}, publisher={EAI}, proceedings_a={PMBDA}, year={2024}, month={5}, keywords={airlines; risk management; insurance premiums; influencing factor}, doi={10.4108/eai.15-12-2023.2345363} }- Huiyun Zhang
Yuting Chen
Year: 2024
Research on the Influencing Factors of Aviation Insurance on the Perspective of Risk Management ——An Empirical Study on the Five Major Airlines in China
PMBDA
EAI
DOI: 10.4108/eai.15-12-2023.2345363
Abstract
Aviation insurance has become more and more important in the risk management of airlines since 9/11 attacks, and high insurance expenses have become a major cost and heavy burden for airlines, so how to improve the abilities of risk management, reduce operating costs and make more profits under safety become a strategic theme of airlines. Different from previous studies using subjective judgment method, the historical data and grey correlation analysis method is used to determine how the main factors affect insurance premium in this paper, and also we selected 15 infection factors, and completed an empirical study on actual data of 5 major airlines in China, To research the degree of correlation between these factors and insurance premiums, and analyse the key influencing factors, so to build the basis for the strategies to increase the safety of air and decrease the risk management cost of airlines.
