Airline insurance claims dropped 66 percent below 2010s loss numbers, and pricing in the marketplace exhibited stability through the 2011-2012 renewal period, says insurance broker Aon.
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.
After some initial signs of a market turn, airline insurance appears to be showing signs of continued softening as the bulk of the aviation industry seeks year-end renewals, says a report from Aon Risk Solutions.
After some initial signs of a market turn, airline insurance appears to be showing signs of continued softening as the bulk of the aviation industry seeks year-end renewals, says a report from Aon Risk Solutions.
In its July report on the airline insurance market, Aon in London said the June premium renewal rates were down minus-15 percent, slightly off from this year's average of minus-19 percent. But Aon sai