Finance, Taxes, Insurance
Airline Insurance Premiums Still Falling in Buyer’s Market
The IAG group, consisting of British Airways and Iberia, was the largest operator to renew its insurance cover during the second quarter of this year. BA recently enlarged its fleet with the delivery of its first Airbus A380. (Photo: Airbus)
The IAG group, consisting of British Airways and Iberia, was the largest operator to renew its insurance cover during the second quarter of this year. BA recently enlarged its fleet with the delivery of its first Airbus A380. (Photo: Airbus)

Airlines may still be struggling with rising costs associated with factors such as fuel and taxes, but they are winners when it comes to insurance premiums. New data released by insurance broker Willis shows that premiums have continued to fall this year. “The balance of power in airline insurance purchasing remains firmly in favor of the buyers,” concludes the London-based group in the second-quarter edition of its Airline Insight report released on July 15.

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