Six aviation loss trends on the radar

Aviation collision/crash incidents are the second top cause of insured losses globally overall behind fire and explosion incidents, according to analysis from Allianz Global Corporate & Specialty (AGCS) of more than 470,000 insurance industry claims over the past five years. Aviation claims from this data set show collision/crash incidents account over half the value of all claims (59%) and more than a quarter by number (27%).  Such incidents do not just include major crashes; they also incorporate events like hard landings, bird strikes and runway incidents such as incursions and excursions (the average claim for which is now almost €1.4mn