Aviation Insurance

The industry is expected to expand by 8.0% in 2024.

The fourth quarter sees about 70% of global annual airline premiums renewed.

These companies average a market capitalisation of $43b.

Motor, the largest segment, is expected a boost from EV registrations.

Market has remained competitive, driven by overcapacity and stable demand.

Collision and crash incidents account for 63% of claims in aviation insurance sector.

Passengers can purchase insurance during the booking process.

Notable incidents in Q2 2024 were Korean Air and Singapore Airlines.

WTW tells how recent events could potentially raise the number of insurance claims. 

Its new contract prohibits its aircraft from landing and taking off in Russia and Ukraine.