Finance, Taxes, Insurance
Inflation Latest Issue in Difficult Insurance Market
New insurance entrants may provide relief
Jet under umbrella illustration
Illustration: John Lewis

Aviation brokers and underwriters have a new villain to blame for the continued increases in insurance premiums since 2019: inflation. Aircraft owners, pilots, operators, and supporting aviation businesses have reportedly seen insurance premiums increase up to 30 percent year over year since 2019.

In addition, certain pilot and operator segments are finding it increasingly difficult to even obtain insurance. Brokers are resorting to complex quota share and vertical placement agreements previously used mainly in the airline segment to cover risks that no single carrier wants to cover on its own.