Here's an article from Milliman providing insight into general aviation underwriting results from state-admitted insurance companies for 2022. The way I read this, there's a bit of airline exposure in here too, because there are some US-admitted insurers participating on small line slips for the airlines.
Parker Woodruff’s Post
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With aviation activity returning to pre-pandemic levels, the sector suffered few major losses in 2023. However, minor claims are forcing up repair costs. Find out more: https://ow.ly/6SbT50QtrfT #insurance #airlines #aviationindustry #WTWRisk #ASmarterWayToRisk
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In Marsh's latest aviation insurance market overview, our specialists provide insights on the first half of the year and look at what companies may expect for the remainder of 2024. The report offers a holistic overview of factors impacting the airline #insurance, general #aviation insurance, and aerospace insurance markets. Download the H1 overview today: https://bit.ly/3AMw6dG #MarshAviation
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CEO Global Aviation & Space at WTW - Insurance & Risk Management Helping The Aviation Industry manage and transfer risk
“Despite the global pandemic and the increase in geopolitical tension over the last few years, the aviation industry continues to perform well from a claims perspective. Major claims in the sector tend to be low-frequency/high-value though, so while there is a lot to be satisfied with in 2023, as the start of 2024 has shown, there is never any room for complacency.” Take a read of the attached written by Phil Clayton and Scott Lyrick of our Claims advocacy team. #aviationindustry #aviation #aviationsafety #aviationinsurance
With aviation activity returning to pre-pandemic levels, the sector suffered few major losses in 2023. However, minor claims are forcing up repair costs. Find out more: https://ow.ly/6SbT50QtrfT #insurance #airlines #aviationindustry #WTWRisk #ASmarterWayToRisk
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In Marsh's latest aviation insurance market overview, our specialists provide insights on the first half of the year and look at what companies may expect for the remainder of 2024. The report offers a holistic overview of factors impacting the airline #insurance, general #aviation insurance, and aerospace insurance markets. Download the H1 overview today: https://bit.ly/47SnSgz #MarshAviation
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In Marsh's latest aviation insurance market overview, our specialists provide insights on the first half of the year and look at what companies may expect for the remainder of 2024. The report offers a holistic overview of factors impacting the airline #insurance, general #aviation insurance, and aerospace insurance markets. Download the H1 overview today: https://bit.ly/3MRAcUv #MarshAviation
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In Marsh's latest aviation insurance market overview, our specialists provide insights on the first half of the year and look at what companies may expect for the remainder of 2024. The report offers a holistic overview of factors impacting the airline #insurance, general #aviation insurance, and aerospace insurance markets. Download the H1 overview today: https://bit.ly/4fOY1d7 #MarshAviation
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In Marsh's latest aviation insurance market overview, our specialists provide insights on the first half of the year and look at what companies may expect for the remainder of 2024. The report offers a holistic overview of factors impacting the airline #insurance, general #aviation insurance, and aerospace insurance markets. Download the H1 overview today: https://bit.ly/4crRt0X #MarshAviation
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In Marsh's latest aviation insurance market overview, our specialists provide insights on the first half of the year and look at what companies may expect for the remainder of 2024. The report offers a holistic overview of factors impacting the airline #insurance, general #aviation insurance, and aerospace insurance markets. Download the H1 overview today: https://bit.ly/4gj1xwE #MarshAviation
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I absolutely enjoyed my three years running insurance for the world's best airline. As a result I like to stay on top of market developments. In our latest aviation insurance market overview, our specialists provide insights on the first half of the year and look at what companies may expect for the remainder of 2024. The report offers a holistic overview of factors impacting the airline #insurance, general #aviation insurance, and aerospace insurance markets. Download the H1 overview today. #MarshAviation
Aviation insurance market overview: H1 2024 | Marsh
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In Marsh's latest aviation insurance market overview, our specialists provide insights on the first half of the year and look at what companies may expect for the remainder of 2024. The report offers a holistic overview of factors impacting the airline #insurance, general #aviation insurance, and aerospace insurance markets. Download the H1 overview today: https://bit.ly/4cqitxU #MarshAviation
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Aviation insurance
8moOverall, a good report. It doesn't really explain the markets inability to increase premium enough to keep up with with the rate of inflation. The consumers are very resistant to aircraft insurance premium increases. The FAA reportable accident/incident is still fluctuating around the 4 per 100,000 hours, which obviously doesn't include most incidents on the airfield movement surfaces and "hangar rash" claims. The costs of parts and repairs are keeping up with inflation. Aircraft hull values in some sectors have remained mostly flat for several years, which aggravates claims costs for insurers.