Rate reductions shrink in aviation insurance
Tuesday, 05 16 2017, Category: Insurance and Reinsurance, Country: World
Premium and/or rate reductions have slowed and in some cases are no longer obtainable in the aviation market, according to the May 2017 JLT aviation newsletter ‘Plane Talking’.
Underwriters appear to be holding a firmer position than in recent years and this is moderating renewal results, according to the authors.
Experts have been expecting a tougher environment in 2017 in the aviation sector and a shift of market conditions in favour of the underwriter.
Source: Intelligent Insurer