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Aviation Insurance Market By Type (Passenger Liability Insurance, Public Liability Insurance, Combined Single Limit (CSL), In Flight Insurance, Others), By Application (Commercial Aviation Insurance, General and Business Aviation Insurance, Others), By Product Type (Airlines, Contingent, General Aviation, Space, Aerospace): Global Opportunity Analysis and Industry Forecast, 2023-2032

April 2024 | 294 pages | ID: AE0CA1690F54EN
Allied Market Research

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In 2022, the global aviation insurance market reached a value of $4.1 billion. Projections indicate it will grow t%li%$7.1 billion by 2032, with a CAGR of 5.9% from 2023 t%li%2032. The aviation insurance market is a specialized sector within the insurance industry that provides coverage for aviation-related risks. It offers a variety of insurance products tailored t%li%aircraft owners, operators, manufacturers, airports, and service providers. Typical coverage includes aircraft hull and liability insurance, passenger liability, product liability, hangar keeper's liability, and in-flight insurance for passengers and crew. These policies protect against accidents, incidents, aircraft or property damage, bodily injury, loss of life, and third-party liabilities.

This market requires insurers t%li%have a thorough understanding of aviation operations, regulations, and industry standards. Underwriters evaluate factors like aircraft type, usage, safety record, pilot experience, and geographic location t%li%determine coverage and pricing.



Key players include insurance companies, brokers, underwriters, and reinsurers wh%li%collaborate with aviation stakeholders t%li%create customized insurance solutions. The market is shaped by trends in air travel, regulatory changes, technological advancements, safety standards, and emerging risks. As the aviation industry grows globally, the demand for comprehensive insurance products is expected t%li%increase.

Rising air passenger traffic and stricter government safety regulations boost market growth. However, high insurance premiums and increasing claim costs limit expansion. On the other hand, higher spending on international airlines is expected t%li%create opportunities for market growth in the future.

The global aviation insurance market is segmented on the basis of insurance type, application, product type, and region. Based on insurance type, the market is divided int%li%public liability insurance, passenger liability insurance, combined single limit (CSL), in-flight insurance, and others. In terms of application, the market is categorized int%li%commercial aviation, general & business aviation and others. On the basis of product type, the market is divided int%li%airlines, contingent, general aviation, space and aerospace. Region wise, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Based on type, the passenger liability insurance segment led the market share in 2022 and is expected t%li%remain dominant due t%li%strict government regulations requiring passenger liability insurance t%li%protect passengers. Companies focus on creating new growth opportunities and revenue, increasing the use of AI and advanced machine learning algorithms, which is expected t%li%boost this segment's growth.

However, the in-flight insurance segment is projected t%li%grow the most during the forecast period due t%li%rising airline accidents from causes like bird collisions, bad weather, and engine failure, driving demand in the aviation insurance market.

Regionally, North America achieved the highest growth in 2022 and is expected t%li%maintain its lead due t%li%strong domestic demand from the U.S., one of the largest aviation markets. Conversely, Asia-Pacific is anticipated t%li%grow the fastest during the forecast period due t%li%economically emerging countries like China and India, which have numerous manufacturing plants contributing t%li%the global market's expansion.

Key players operating in the global aviation insurance industry include American International Group, Inc., AXA, BWI Aviation Insurance, EAA, Global Aerospace, Inc., Toki%li%Marine HCC, Travers & Associates Aviation Insurance Agency, LLC, STARR INTERNATIONAL COMPANY, INC., USAA, and USAIG. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures t%li%strengthen their foothold in the global aviation insurance market.

Key Benefits For Stakeholders
      • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the aviation insurance market analysis from 2022 t%li%2032 t%li%identify the prevailing aviation insurance market opportunities.
    • The market research is offered along with information related t%li%key drivers, restraints, and opportunities.
    • Porter's five forces analysis highlights the potency of buyers and suppliers t%li%enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
    • In-depth analysis of the aviation insurance market segmentation assists t%li%determine the prevailing market opportunities.
      • Major countries in each region are mapped according t%li%their revenue contribution t%li%the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global aviation insurance market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
  • Quarterly Update and* (only available with a corporate license, on listed price)
  • 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
  • Free Upcoming Version on the Purchase of Five and Enterprise User License.
      • 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting t%li%16 analyst hours t%li%solve questions, and post-sale queries)
    • 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent t%li%3 working days of free work, applicable once)
  • Free data Pack on the Five and Enterprise User License. (Excel version of the report)
  • Free Updated report if the report is 6-12 months old or older.
  • 24-hour priority response*
  • Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk t%li%the sales executive t%li%know more)
  • Upcoming/New Entrant by Regions
  • Regulatory Guidelines
    • Additional company profiles with specific t%li%client's interest
  • Additional country or region analysis- market size and forecast
  • Expanded list for Company Profiles
  • Historic market data
  • Market share analysis of players at global/region/country level
  • SWOT Analysis
Key Market Segments

By Type
  • Passenger Liability Insurance
  • Public Liability Insurance
  • Combined Single Limit (CSL)
  • In Flight Insurance
  • Others
By Application
  • Commercial Aviation Insurance
  • General and Business Aviation Insurance
  • Others
By Product Type
  • Contingent
  • General Aviation
  • Space
  • Aerospace
  • Airlines
By Region
  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
  • Key Market Players
  • AMERICAN INTERNATIONAL GROUP, INC.
  • AXA
  • BWI AVIATION INSURANCE
  • EAA COMPANY LTD
  • GLOBAL AEROSPACE
  • TOKIO MARINE HCC
  • TRAVERS AND ASSOCIATES AVIATION INSURANCE AGENCY, LLC
  • STARR INTERNATIONAL COMPANY, INC.
  • USAA
  • USAIG
CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
  1.4.1. Primary Research
  1.4.2. Secondary Research
  1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
  3.2.1. Top Investment Pockets
3.3. Porter's Five Forces Analysis
  3.3.1. Bargaining Power of Suppliers
  3.3.2. Threat of New Entrants
  3.3.3. Threat of Substitutes
  3.3.4. Competitive Rivalry
  3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
  3.4.1. Drivers
  3.4.2. Restraints
  3.4.3. Opportunities

CHAPTER 4: AVIATION INSURANCE MARKET, BY TYPE

4.1. Market Overview
  4.1.1 Market Size and Forecast, By Type
4.2. Passenger Liability Insurance
  4.2.1. Key Market Trends, Growth Factors and Opportunities
  4.2.2. Market Size and Forecast, By Region
  4.2.2. Market Share Analysis, By Country
4.2. Public Liability Insurance
  4.2.1. Key Market Trends, Growth Factors and Opportunities
  4.2.2. Market Size and Forecast, By Region
  4.2.2. Market Share Analysis, By Country
4.2. Combined Single Limit (CSL)
  4.2.1. Key Market Trends, Growth Factors and Opportunities
  4.2.2. Market Size and Forecast, By Region
  4.2.2. Market Share Analysis, By Country
4.2. In Flight Insurance
  4.2.1. Key Market Trends, Growth Factors and Opportunities
  4.2.2. Market Size and Forecast, By Region
  4.2.2. Market Share Analysis, By Country
4.2. Others
  4.2.1. Key Market Trends, Growth Factors and Opportunities
  4.2.2. Market Size and Forecast, By Region
  4.2.2. Market Share Analysis, By Country

CHAPTER 5: AVIATION INSURANCE MARKET, BY APPLICATION

5.1. Market Overview
  5.1.1 Market Size and Forecast, By Application
5.2. Commercial Aviation Insurance
  5.2.1. Key Market Trends, Growth Factors and Opportunities
  5.2.2. Market Size and Forecast, By Region
  5.2.2. Market Share Analysis, By Country
5.2. General And Business Aviation Insurance
  5.2.1. Key Market Trends, Growth Factors and Opportunities
  5.2.2. Market Size and Forecast, By Region
  5.2.2. Market Share Analysis, By Country
5.2. Others
  5.2.1. Key Market Trends, Growth Factors and Opportunities
  5.2.2. Market Size and Forecast, By Region
  5.2.2. Market Share Analysis, By Country

CHAPTER 6: AVIATION INSURANCE MARKET, BY PRODUCT TYPE

6.1. Market Overview
  6.1.1 Market Size and Forecast, By Product Type
6.2. Contingent
  6.2.1. Key Market Trends, Growth Factors and Opportunities
  6.2.2. Market Size and Forecast, By Region
  6.2.2. Market Share Analysis, By Country
6.2. General Aviation
  6.2.1. Key Market Trends, Growth Factors and Opportunities
  6.2.2. Market Size and Forecast, By Region
  6.2.2. Market Share Analysis, By Country
6.2. Space
  6.2.1. Key Market Trends, Growth Factors and Opportunities
  6.2.2. Market Size and Forecast, By Region
  6.2.2. Market Share Analysis, By Country
6.2. Aerospace
  6.2.1. Key Market Trends, Growth Factors and Opportunities
  6.2.2. Market Size and Forecast, By Region
  6.2.2. Market Share Analysis, By Country
6.2. Airlines
  6.2.1. Key Market Trends, Growth Factors and Opportunities
  6.2.2. Market Size and Forecast, By Region
  6.2.2. Market Share Analysis, By Country

CHAPTER 7: AVIATION INSURANCE MARKET, BY REGION

7.1. Market Overview
  7.1.1 Market Size and Forecast, By Region
7.2. North America
  7.2.1. Key Market Trends and Opportunities
  7.2.2. Market Size and Forecast, By Type
  7.2.3. Market Size and Forecast, By Application
  7.2.4. Market Size and Forecast, By Product Type
  7.2.5. Market Size and Forecast, By Country
  7.2.6. U.S. Aviation Insurance Market
    7.2.6.1. Market Size and Forecast, By Type
    7.2.6.2. Market Size and Forecast, By Application
    7.2.6.3. Market Size and Forecast, By Product Type
  7.2.7. Canada Aviation Insurance Market
    7.2.7.1. Market Size and Forecast, By Type
    7.2.7.2. Market Size and Forecast, By Application
    7.2.7.3. Market Size and Forecast, By Product Type
7.3. Europe
  7.3.1. Key Market Trends and Opportunities
  7.3.2. Market Size and Forecast, By Type
  7.3.3. Market Size and Forecast, By Application
  7.3.4. Market Size and Forecast, By Product Type
  7.3.5. Market Size and Forecast, By Country
  7.3.6. UK Aviation Insurance Market
    7.3.6.1. Market Size and Forecast, By Type
    7.3.6.2. Market Size and Forecast, By Application
    7.3.6.3. Market Size and Forecast, By Product Type
  7.3.7. Germany Aviation Insurance Market
    7.3.7.1. Market Size and Forecast, By Type
    7.3.7.2. Market Size and Forecast, By Application
    7.3.7.3. Market Size and Forecast, By Product Type
  7.3.8. France Aviation Insurance Market
    7.3.8.1. Market Size and Forecast, By Type
    7.3.8.2. Market Size and Forecast, By Application
    7.3.8.3. Market Size and Forecast, By Product Type
  7.3.9. Italy Aviation Insurance Market
    7.3.9.1. Market Size and Forecast, By Type
    7.3.9.2. Market Size and Forecast, By Application
    7.3.9.3. Market Size and Forecast, By Product Type
  7.3.10. Spain Aviation Insurance Market
    7.3.10.1. Market Size and Forecast, By Type
    7.3.10.2. Market Size and Forecast, By Application
    7.3.10.3. Market Size and Forecast, By Product Type
  7.3.11. Rest Of Europe Aviation Insurance Market
    7.3.11.1. Market Size and Forecast, By Type
    7.3.11.2. Market Size and Forecast, By Application
    7.3.11.3. Market Size and Forecast, By Product Type
7.4. Asia-Pacific
  7.4.1. Key Market Trends and Opportunities
  7.4.2. Market Size and Forecast, By Type
  7.4.3. Market Size and Forecast, By Application
  7.4.4. Market Size and Forecast, By Product Type
  7.4.5. Market Size and Forecast, By Country
  7.4.6. China Aviation Insurance Market
    7.4.6.1. Market Size and Forecast, By Type
    7.4.6.2. Market Size and Forecast, By Application
    7.4.6.3. Market Size and Forecast, By Product Type
  7.4.7. Japan Aviation Insurance Market
    7.4.7.1. Market Size and Forecast, By Type
    7.4.7.2. Market Size and Forecast, By Application
    7.4.7.3. Market Size and Forecast, By Product Type
  7.4.8. India Aviation Insurance Market
    7.4.8.1. Market Size and Forecast, By Type
    7.4.8.2. Market Size and Forecast, By Application
    7.4.8.3. Market Size and Forecast, By Product Type
  7.4.9. Australia Aviation Insurance Market
    7.4.9.1. Market Size and Forecast, By Type
    7.4.9.2. Market Size and Forecast, By Application
    7.4.9.3. Market Size and Forecast, By Product Type
  7.4.10. South Korea Aviation Insurance Market
    7.4.10.1. Market Size and Forecast, By Type
    7.4.10.2. Market Size and Forecast, By Application
    7.4.10.3. Market Size and Forecast, By Product Type
  7.4.11. Rest of Asia Pacific Aviation Insurance Market
    7.4.11.1. Market Size and Forecast, By Type
    7.4.11.2. Market Size and Forecast, By Application
    7.4.11.3. Market Size and Forecast, By Product Type
7.5. LAMEA
  7.5.1. Key Market Trends and Opportunities
  7.5.2. Market Size and Forecast, By Type
  7.5.3. Market Size and Forecast, By Application
  7.5.4. Market Size and Forecast, By Product Type
  7.5.5. Market Size and Forecast, By Country
  7.5.6. Latin America Aviation Insurance Market
    7.5.6.1. Market Size and Forecast, By Type
    7.5.6.2. Market Size and Forecast, By Application
    7.5.6.3. Market Size and Forecast, By Product Type
  7.5.7. Middle East Aviation Insurance Market
    7.5.7.1. Market Size and Forecast, By Type
    7.5.7.2. Market Size and Forecast, By Application
    7.5.7.3. Market Size and Forecast, By Product Type
  7.5.8. Africa Aviation Insurance Market
    7.5.8.1. Market Size and Forecast, By Type
    7.5.8.2. Market Size and Forecast, By Application
    7.5.8.3. Market Size and Forecast, By Product Type

CHAPTER 8: COMPANY LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping Of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2022

CHAPTER 9: COMPANY PROFILES

9.1. American International Group, Inc.
  9.1.1. Company Overview
  9.1.2. Key Executives
  9.1.3. Company Snapshot
  9.1.4. Operating Business Segments
  9.1.5. Product Portfolio
  9.1.6. Business Performance
  9.1.7. Key Strategic Moves and Developments
9.2. AXA
  9.2.1. Company Overview
  9.2.2. Key Executives
  9.2.3. Company Snapshot
  9.2.4. Operating Business Segments
  9.2.5. Product Portfolio
  9.2.6. Business Performance
  9.2.7. Key Strategic Moves and Developments
9.3. BWI Aviation Insurance
  9.3.1. Company Overview
  9.3.2. Key Executives
  9.3.3. Company Snapshot
  9.3.4. Operating Business Segments
  9.3.5. Product Portfolio
  9.3.6. Business Performance
  9.3.7. Key Strategic Moves and Developments
9.4. EAA Company Ltd
  9.4.1. Company Overview
  9.4.2. Key Executives
  9.4.3. Company Snapshot
  9.4.4. Operating Business Segments
  9.4.5. Product Portfolio
  9.4.6. Business Performance
  9.4.7. Key Strategic Moves and Developments
9.5. Global Aerospace
  9.5.1. Company Overview
  9.5.2. Key Executives
  9.5.3. Company Snapshot
  9.5.4. Operating Business Segments
  9.5.5. Product Portfolio
  9.5.6. Business Performance
  9.5.7. Key Strategic Moves and Developments
9.6. Tokio Marine HCC
  9.6.1. Company Overview
  9.6.2. Key Executives
  9.6.3. Company Snapshot
  9.6.4. Operating Business Segments
  9.6.5. Product Portfolio
  9.6.6. Business Performance
  9.6.7. Key Strategic Moves and Developments
9.7. Travers And Associates Aviation Insurance Agency, LLC
  9.7.1. Company Overview
  9.7.2. Key Executives
  9.7.3. Company Snapshot
  9.7.4. Operating Business Segments
  9.7.5. Product Portfolio
  9.7.6. Business Performance
  9.7.7. Key Strategic Moves and Developments
9.8. STARR INTERNATIONAL COMPANY, INC.
  9.8.1. Company Overview
  9.8.2. Key Executives
  9.8.3. Company Snapshot
  9.8.4. Operating Business Segments
  9.8.5. Product Portfolio
  9.8.6. Business Performance
  9.8.7. Key Strategic Moves and Developments
9.9. USAA
  9.9.1. Company Overview
  9.9.2. Key Executives
  9.9.3. Company Snapshot
  9.9.4. Operating Business Segments
  9.9.5. Product Portfolio
  9.9.6. Business Performance
  9.9.7. Key Strategic Moves and Developments
9.10. USAIG
  9.10.1. Company Overview
  9.10.2. Key Executives
  9.10.3. Company Snapshot
  9.10.4. Operating Business Segments
  9.10.5. Product Portfolio
  9.10.6. Business Performance
  9.10.7. Key Strategic Moves and Developments


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