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Global Aerospace Insurance Market 2016-2020

About Aerospace Insurance

Aerospace insurance, as covered in this report, encompasses the insurance policies designed for airlines, airports and their operations, as well as other aviation service providers. Aerospace is one of the biggest sectors worldwide responsible for the conveyance of a growing number of passengers and cargo.

Technavio’s analysts forecast the global aerospace insurance market to decline at a CAGR of -0.37% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global aerospace insurance market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of aerospace insurance.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Thoracic Surgery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Allianz
  • American International Group (AIG)
  • Aon
  • Hallmark Aerospace Insurance Managers
  • Marsh
  • Old Republic Aerospace
Other prominent vendors
  • Arthur J. Gallagher & Co
  • Avion Insurance
  • Global Aerospace
  • Hiscox London Market
  • Wells Fargo
  • Willis Towers Watson
  • XL Catlin
Market driver
  • Establishment of new airports
  • For a full, detailed list, view our report
Market challenge
  • Lack of awareness and delayed services
  • For a full, detailed list, view our report
Market trend
  • Reduced insurance claims and increased underwriting capacity
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Aerospace Insurance Market 2016-2020

Technavio recognizes the following companies as the key players in the global aerospace insurance market: Allianz, American International Group (AIG), Aon, Hallmark Aerospace Insurance Managers, Marsh, and Old Republic Aerospace

Other Prominent Vendors in the market are: Arthur J. Gallagher & Co, Avion Insurance, Global Aerospace, Hiscox London Market, Wells Fargo, Willis Towers Watson, and XL Catlin

Commenting on the report, an analyst from Technavio’s team said: “Aviation insurance covers liabilities originating from ground handling, passenger injuries, delays, baggage liability, injuries because of accidents, and aviation product liability. The premium paid depends on the size of operations in an airport, air traffic data, and the number of airlines using the services of an airport. As a result of an increase in the number of airports, demand for ground handling, and aircraft fueling, aviation product liabilities will also increase, which can lead to two or more insurers covering business segments of an airport during the forecast period.”

According to the report, the soft market conditions in the global aerospace insurance market are expected to get a push from the establishment of new airports that will need services such as ground handling. Recently, with the development of smart airports, a number of automated systems have been implemented for passengers who prefer self-service. These automated systems are usually deployed across the airport facilities, from check-in kiosks to baggage handling systems.

Further, the report states that lack of awareness about insurance as a protection tool and inadequate details about the types of insurance products pose a major threat to the market. This often keeps potential clients away, which is one of the primary reasons for the slow growth of the market. The insurance service providers usually offer services for mid- to long-term period. Thus, the customer tends to avoid investing in such policies in a market as volatile as aerospace, where the profitability of the carriers is highly dependent on the cost of jet fuel. Also, the claim settlement process is a vital component of the whole process flow as it is crucial for the goodwill of the insurance company. Often, the insurance companies are not quicker in processing claims, particularly due to slow processing of documents through various public departments in a foreign country. This has reduced clients' trust in travel insurance products and has discouraged travelers and airline operators from investing in such products.

Companies Mentioned

Allianz, American International Group (AIG), Aon, Hallmark Aerospace Insurance Managers, Marsh, Old Republic Aerospace, Arthur J. Gallagher & Co, Avion Insurance, Global Aerospace, Hiscox London Market, Wells Fargo, Willis Towers Watson, XL Catlin.

  • Executive summary
    • Highlights
    • Insurance transaction
      • Table Lifecycle of insurance
  • Scope of the report
    • Market overview
      • Table Key countries in each region
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table General parameters considered when buying an insurance
  • Market landscape
    • Market overview
      • Table Segmentation of global aerospace insurance market
    • Market size and forecast
      • Table Global aerospace insurance market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation
    • Global aerospace insurance market segmentation by end-user
      • Table Global aerospace insurance market segmentation by end-user
      • Table Global aerospace insurance market segmentation by application 2015-2020
      • Table Global aerospace insurance market segmentation by revenue 2015-2020 ($ millions)
    • Global aerospace insurance market: Service providers
      • Table Global aerospace insurance market: Service providers ($ millions)
    • Global aerospace insurance market: Airport operators
      • Table Global aerospace insurance market: Airport operators ($ millions)
      • Table New investments in airport projects ($ billions)
    • Global aerospace insurance market: Others
      • Table Global aerospace insurance market: Others ($ millions)
  • Geographical segmentation
    • Global aerospace insurance market segmentation by geography
      • Table Global aerospace insurance market segmentation by geography 2015 and 2020
      • Table Geographical segmentation of global aerospace insurance market ($ millions)
    • Aerospace insurance market in Americas
      • Table Aerospace insurance market in Americas 2015-2020 ($ millions)
    • Aerospace insurance market in EMEA
      • Table Aerospace insurance market in EMEA 2015-2020 ($ millions)
    • Aerospace insurance market in APAC
      • Table Aerospace insurance market in APAC 2015-2020 ($ millions)
  • Key leading countries
    • Table Key leading countries based on growth rate 2015-2020
  • Market drivers
    • Table Global airport projects under construction in 2015
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Recent aircraft accidents
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
      • Table List of key vendors
  • Key vendor analysis
    • Allianz
      • Table Allianz: Product segmentation
    • American International Group (AIG)
      • Table AIG: Product segmentation
    • Aon
    • Hallmark Aerospace Insurance Managers
      • Table Aerospace Insurance Managers: Product segmentation
    • Marsh
      • Table Marsh: Product segmentation
    • Old Republic Aerospace
      • Table Old Republic Aerospace: Product segmentation
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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