Aircraft Insurance Market

Aircraft insurance, also called aviation insurance is financial protection designed to cover the risks associated with operating aircraft and aviation. As the aviation industry has hazards that are not common with other methods of transport, a specific type of liability insurance is required to cover these unique risks. These risks can involve the maintenance and use of aircraft, property damage, loss of cargo, or injury to people. Aviation insurance protects both its owners and aircraft operators from unforeseen losses.
Aircraft Insurance Market contains market size and forecasts of Aircraft Insurance in Global, including the following market information:
Global Aircraft Insurance Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Aircraft Insurance market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Public Liability Insurance Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Aircraft Insurance include Allianz, Starr International, Marsh, AIG, Berkshire Hathaway, AXA, Chubb, Munich Re and Ace Aviation, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Aircraft Insurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Aircraft Insurance Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Aircraft Insurance Market Segment Percentages, by Type, 2021 (%)
Public Liability Insurance
Passenger Liability Insurance
Combined Single Limit (CSL)
Ground Risk Hull (Motion) Insurance
Ground Risk Hull (Non-Motion) Insurance
Global Aircraft Insurance Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Aircraft Insurance Market Segment Percentages, by Application, 2021 (%)
Private Aircraft Insurance
Commercial Aviation Insurance
Others
Global Aircraft Insurance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Aircraft Insurance Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Aircraft Insurance revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Aircraft Insurance revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Allianz
Starr International
Marsh
AIG
Berkshire Hathaway
AXA
Chubb
Munich Re
Ace Aviation
Santam Insurance
Old Republic Aerospace, Inc. (ORAE)
HCC Insurance