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Report

Aviation insurance market overview: Q4 2023

The report offers a holistic overview of factors impacting the airline, general aviation, and aerospace insurance markets.

Jet airliner on black background. Plane crash and air incident. The tragedy, deaths, victims and injuries concept.

In our latest insurance market update, our specialists provide insights on the final quarter of 2023 and look at what companies may expect in 2024.

The report offers a holistic overview of factors impacting the airline, general aviation, and aerospace insurance markets.

Key takeaways:

  • Overall, the airline insurance market shows a continued desire to compete for market share despite some uncertainty surrounding losses and reinsurance costs.
  • Generally, operators in the airport sector are continuing to transition from a post-pandemic recovery mindset to growth and preparation for the future, including investing in infrastructure.
  • Despite rising operational costs and some uncertainty surrounding claim development, many aerospace insurers remain focused on retaining (or increasing) market share and are, therefore, still competing for written premiums.
  • Ongoing geopolitical instability is leading to uncertainty in the Hull War and AVN52 markets; however, generally, the entry of new capacity is helping to control rate increases.

For more detailed analysis on the market conditions, download the report in full.