According to the report, the global aviation insurance industry generated $3.43 billion in 2021, and is anticipated to generate $5.75 billion by 2030, witnessing a CAGR of 5.6% from 2021 to 2030.

Agencies and brokers that specialize in aviation insurance are opening new locations, adding staff and improving their customer support services. We highlight three aviation insurance providers below.

CHICAGO--(BUSINESS WIRE)--Relation Insurance Services (“Relation”) acquired the assets of Business Aviation Insurance Services, Inc. (“BAIS”). The transaction went into effect on November 1, 2024; ...

Aviation insurance rates remain volatile due to unforeseen global and domestic factors like inflation, supply chain issues, and geopolitical conflicts (Russia-Ukraine war). Piston aircraft insurance ...

Despite an uptick in headline-grabbing aviation losses this year, air travel remains safer than ever, says an aviation ...

Flock's drone insurance allowed operators to pay small sums to offset risks on individual flights, but the company has now left the marketplace. Credit: Flock OXFORD, England—Even if, as an innovative ...

The Saint Lucia insurance market is bolstered by government-approved 100% foreign direct investment, permitting composite insurance, amidst a structured regulatory landscape. Opportunities exist in ...

The federal government has taken steps to address pressing concerns within the aviation and insurance sectors by agreeing to convene a stakeholders’ meeting of operators in both industries. This ...

A new report from insurance provider Allianz Commercial says gross written insurance premiums for the aviation sector are projected to reach a 20-year high of more than $8 billion in 2024. According ...

Key opportunities in Syria's insurance market include composite insurance offerings, navigating regulatory compliance with the Syrian Insurance Supervisory Commission, and focusing on crucial ...

A recent report by Willis, a WTW business, involving 130 senior aviation representatives reveals that only 50% feel confident in their business model's resilience to emerging risks, and only 30% ...

Oct 2 (Reuters) - Ireland-based aircraft lessor SMBC Aviation Capital on Monday said it had received a cash insurance settlement of $710 million for its jets previously leased to Russia's state-owned ...