A new report for aviation insurer Allianz Global Corporate & Specialty SE (AGCS) finds that while the skies are safer, there are a number of emerging risks that could impact carriers and insurers.
Until this year's unprecedented aviation disasters, the industry's safety record had improved to fewer than two passenger deaths for every 100 million passengers. Over the last 60 years, the industry has seen a steady decline in accidents as technology and training have improved. By today's estimates, there is a greater chance of dying while riding a bicycle (1 in 340,000) than dying aboard an airplane in the U.S. (1 in 29 million). Even the odds of being killed by lightning are higher – 1 in 10.5 million.
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