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Report

Aviation insurance market overview: Q2 2023

Marsh Specialty’s Aviation practice has published its latest insurance market update. The report provides an overview of the general aviation, airline, and aerospace insurance market conditions as we head into the third quarter.

Cover of Marsh Specialty's aviation insurance market update Q2 2023

Marsh Specialty’s Aviation practice has published its latest insurance market update. The report provides an overview of the general aviation, airline, and aerospace insurance market conditions as we head into the third quarter.

Key takeaways:

  • At the end of the second quarter, the global aviation insurance market is divided.
  • So far this year, renewal results have varied depending on the type and level of cover purchased, as well as the company’s risk profile and claims experience.
  • Competition within the All Risks market continues to result in relatively stable pricing.
  • Conversely, the Hull War and Aviation War Liability (AVN52) markets face ongoing challenges driven by uncertainty around potential claims and limited capacity. As a result, many insurers are looking for rate increases and more restricted coverage.