Now Boarding! » Airline Insurance http://now.boarding.fr/en A blog somewhere between earth and sky Tue, 22 Jun 2010 15:12:39 +0000 en hourly 1 http://wordpress.org/?v=3.0 A bitter pill to swallow: June most expensive month for airline insurance market http://now.boarding.fr/en/post/june-most-expensive-month-for-aviation-insurance-market/ http://now.boarding.fr/en/post/june-most-expensive-month-for-aviation-insurance-market/#comments Tue, 07 Jul 2009 11:33:07 +0000 Myriam http://now.boarding.fr/en/?p=190 June 2009 looks set to be the most expensive month in the aviation insurance market since September 2001, a report by Aon has revealed.

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With just over half of 2009 gone, claims including an estimate for minor losses are already around 11% higher than the average for a full year. This means that total claims are likely to be significantly higher than the average by the end of the year, even if there are no further major incidents.

“With losses so far this year already above the full year average, the industry is likely to see insurance premiums rise significantly,” Aon said in the report. “This will be a bitter pill to swallow for an industry that is already seeing passenger numbers fall as a result of the global economic downturn as well as fuel prices that are climbing once again.”

What’s your guess, will commercial aviation industry increase their price or multiply special offers to encourage us to take the plane more often?

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