Aviation insurance market shrinks in 2016
Saturday, 01 28 2017, Category: Insurance and Reinsurance, Country: World
The aviation insurance market has contracted significantly in 2016 as insurers tried to reduce their exposure to loss-making contracts and improve underwriting profitability, according to the latest “Plane Talking” aviation newsletter by JLT.
The combined lead hull and liability premium declined by 7 percent in 2016, finishing at around $1.2 billion, the lowest figure seen since 1999, according to JLT.
Source: Intelligent Insurer