In its Willis Aerospace Aviation Products Market Review 2012, London based insurance broker Willis states that the airline and aviation insurance markets report a profit for the first time in five years as airline losses and passenger fatalities dropped to all-time lows. The Review reveals total airline insurance premium in 2011 was $1.9bn, against claims of $1.1bn, giving rise to the first profitable year for the airline insurance sector in five years. Total reported 2011 premiums for aviation manufacturing insurance were $657.9m. An analysis of insurance renewals across all aerospace sectors found a rate reduction of 1.8% compared with 2010.

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In
   
Forgot password? Click here to reset
New User? Click here to register