Finance, Taxes, Insurance
2016 Aviation Insurance Report
Is the insurance industry “declining in relevance” or the operator’s best friend?

Aircraft Insurance 2016

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“Broadly speaking across the marketplace, we as insurers have actually been declining in relevance.” That was the opening salvo from XL Group CEO Michael McGavick, as part of his “state of the industry” presentation at the recent Aviation Insurance Association (AIA) Conference in Miami, Fla. According to several speakers at the conference, the aviation insurance industry continues to be plagued with high competition, low premium revenues, rising claims costs and a continuously changing risk management landscape. While the words “irrelevant,” “unprofitable” and “unsustainable” were bandied about, there were also positive messages, especially around the blossoming commercial UAS market.


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