by AIP Online Bureau | Jun 19, 2023 | International News, Risk Management, Technology
But there is an emerging consensus that the industry’s sprawling supply chain – strained by rising costs, parts shortages and a scarcity of skilled labor in the wake of the pandemic – will have to be remade before it can recover fully, a process that will take years...
by AIP Online Bureau | May 1, 2023 | Data, Eco/Invest/Demography, Non-Life
With a rapidly growing middle class and rising incomes, together with the right encouragement including lower airfares, many, including airline companies, are expecting India to become the fastest-growing aviation market for years to come Why India is fast emerging as...
by AIP Online Bureau | Jan 19, 2023 | International News, Non-Life, Reinsurance
One of the top 10 players in global aviation insurance, AXA XL is pulling back from underwriting risk on so-called war cover, the sources said, reducing options for airline operators or lessors seeking protection against loss or damage arising from warThe retreat by a...
by AIP Online Bureau | Oct 12, 2022 | Indian News, Non-Life, Reinsurance
Currently, seven active insurers led by New India Assurance and reinsurers led by GIC Re are proving a Hull capacity of over $ 75mn and liability cover of over $ 400mn Mumbai: India not only has seen its aviation market expanding fast, also has emerged as the...
by AIP Online Bureau | Jun 24, 2022 | Articles, Non-Life, Reinsurance, Risk Management, Technology
Though the uninterrupted historical downward trend in air travel accidents,is likely to continue and so reduce the frequency of claims for insurers, claims severity has gone in the opposite direction, as aircraft become increasingly valuable due to growing complexity...
