The Aviation Insurance Hard Market factors continue to pile up: 1. 2018-Present Loss Ratios have cut deeply into reinsurance revenue from several disasters and tragedies worldwide. 2. Aviation claims, lead by the Boeing losses, are now well over $2B for the same period. 3. Aviation insurance rates were very low […]
boeing
It has now been more than 3 months since the 737 Max grounding by aeronautical authorities around the world. Here is a breakdown of our estimated insurance claim on Boeing’s Products Liability policy and its Grounding Liability Coverage: Average flights per aircraft per day: 5 Average passenger seating: 150 Average […]
Boeing appears to be close to bringing the Max back into service. The software changes have been tested. Here are 2 significant impacts of the Max saga in the Aircraft Insurance industry: The Max Replacement The impact on the Boeing company has been tremendous, reportedly up to $1B in outlook […]
A lot of companies are investing and developing unmanned aircraft for use as people carrying Air-Taxis. From an outsider’s perspective the aircraft appear to be large scale drone technology. While I am not an expert on these technologies, it is easy to deduce that the reliability of drone electric motors […]
The Boeing 737 Max grounding by President Trump yesterday could have a profound effect on the aviation insurance marketplace. The grounding arrives at a time when aviation insurance is transitioning into a hard market, making its timing fairly significant. Grounding Liability is a coverage that manufacturers like Boeing carry in […]