The airline-insurance industry should be profitable this year if there are no major losses. Additionally, soft-market pricing and ample capacity should continue into 2012, according to Aon Risk Solutions.
Pricing conditions in the airline-insurance market are not expected to change as the industry has demonstrated increasing attention to safety, according to Willis Group Holdings.
Market conditions in the airline-insurance market are not expected to change, as the industry has demonstrated increasing attention to safety, according to Willis Group Holdings.
Writers of airline insurance are taking a tough stand on renewals that translates into average premium increases of 5 percent so far this year, according to a report issued by Aon insurance brokerage.
The airline insurance market will remain soft through the end of this year, a brokerage reported, but increased losses could turn the market in the opposite direction during next year's renewal season