Aviation insurance premiums fall in 2012

Willis Group has stated that airline insurance premiums fell by double digits during 2012. The decline accelerated towards the end of the year to Nov-2012’s 16% year on year fall. Although some $100 million in premiums has been removed from the global markets and Willis expects the downward path to continue, the fact that airlines are buying more aircraft means that many insurers are still in the black and that payouts have been low and few. Willis says that 2012 was an exceptionally safe year: “The industry loss experience continues to be excellent with 2012 remaining on track to the