Analysis of 32,000 industry claims over five years shows such incidents account for over half the value of all claims (63%) and a third by number Growing aviation sector will see gross written insurance premiums (GWP) hit a 20-year high in 2024 of mo
NEW YORK -- Covid-19, the energy crisis, Russia’s war - to say that the aviation industry, and its insurers, have had to face significant challenges in recent years is an understatement. However, aviation has rebounded well with several 2023 parameters showing “best ever” safety results. This year, the volume of global air passengers is expected to hit an all-time high ( +10.4% year-on-year), driven by Asia-Pacific and North America. While the general outlook for the industry is positive, there are still lots of challenges to tackle, according to Allianz Commercial’s Aviation Risk, Claims and Insurance Outlook. Read More
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