Right of subrogation in marine insurance: A comparative study of English and Chinese Law

Abstract: Marine insurance is one of the oldest forms of protection methods against the loss. It has a very long history and is associated with the development of the maritime business. When the assured is facing a loss caused by the third party, he has the free choice of suing the insurer or the third party. The problem raised under this circumstance. The assured has the possibility of double recovery that cannot be recognized by the principle of insurance law. The definition of subrogation provides the solution for this situation.