“…The first group focuses on the relationship between severity of injury in ship accidents and influencing factors (e.g., Jin, 2014; Weng et al, 2018a). The major focus of the second group is to assess the consequences of ship accidents such as injury or loss of human life (e.g., Jin et al 2001; Talley et al, 2006; Perez-Labajos et al 2009; Yip et al, 2015; Weng et al, 2016) and property damage cost (e.g., Talley et al, 2008; Weng et al, 2018b). Nevertheless, there is only a limited number of studies (Weng et al, 2019) focusing on the assessment of ship accident economic loss which is a major concern of insurance companies.…”