Gitnux/Report 2026

Aviation Insurance Industry Statistics

The global aviation insurance market is projected at $5.55 billion in 2026, explore the figures behind growth, company coverage, and capacity and pricing trends.
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Aviation Insurance Industry Statistics
Samuel NorbergWritten by Samuel Norberg·Fact-checked by Maya Johansson
Published
How this report is researched
01Editorial Scope

Before any source is gathered, an editor locks the question, what qualifies, and how the piece will be judged.

02Source Research

Search agents collect the source set and pull each data point out with its provenance attached.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 31 days

01 Industry overview

The aviation insurance industry at a glance

The global aviation insurance market is projected at $5.55 billion in 2026, with insurers tightening underwriting as claims costs, geopolitical risks and repair inflation pressure pricing.

$5.55B[53]
Global market size, 2026
6.10%[53]
Forecast CAGR, 2026–2034
44.90%[53]
North America share, 2025
+5.01%[17]
Global lead premium change, 2026
Market size
Fortune Business Insights valued the global aviation insurance market at $5.27 billion in 2025 and projects $5.55 billion in 2026. The figures cover insurance for aircraft, passengers, crew and third-party liabilities.[53]
Forecast & CAGR
The market is forecast to reach $8.88 billion by 2034, representing a 6.10% CAGR from 2026 to 2034. Mordor Intelligence gives a higher 2026 estimate of $9.42 billion and forecasts $11.70 billion by 2031, reflecting differing market definitions and estimation methods.[53][18]
Market share & regions
North America accounted for 44.90% of the global market in 2025, according to Fortune Business Insights. A separate regional premium compilation placed North America at 38.5% of global aviation premiums in 2025, ahead of Europe at 27.9%.[53][54]
Segmentation
USI’s 2024 market-share breakdown identified general aviation as the largest segment at 47%, followed by airlines at 35%, aerospace at 14% and contingent risks at 4%. Common product categories include hull and liability, passenger legal liability, loss-of-license and other specialist covers.[55][53]
Key players & concentration
The market is concentrated among specialist aviation insurers, Lloyd’s syndicates, global commercial insurers, brokers and managing general agents. Mordor Intelligence characterizes market concentration as high, while Lloyd’s reported that aviation pricing remained marginal for sustainable profitability in 2025 despite abundant capacity.[18][52]
Pricing
Marsh reported a 4.61% average gross rate increase and a 5.01% average lead gross premium increase across its global aviation portfolio in the first half of 2026, while exposure increased only 0.38%. This indicates that premium growth was driven mainly by rate increases rather than by expanding insured exposure.[17]
Trends, drivers & challenges
Insurers are responding to higher repair and replacement costs, composite-material expenses, parts shortages, social inflation, geopolitical uncertainty and elevated claims severity. Marsh said losses above the traditional $10 million attritional threshold were becoming more common, increasing concern about long-term profitability and reserve development.[17]
Consumer behavior & competition
Buyers are placing greater emphasis on risk quality, claims history, safety culture, operational controls and the structure of renewal submissions. WTW estimated that about 65% of annual airline lead hull and liability premium is placed in the final-quarter renewal season, intensifying competition and capacity allocation during that period.[41][17]
M&A
Specialist aviation distribution continued to consolidate: Bishop Street Underwriters acquired Aerospace Insurance Managers from Hallmark Financial in July 2025. AIM provides general aviation coverage for aircraft hull, aircraft and airport liability, hangar owners, FBOs, airports, flight schools and charter operators.[23]
Regulation
The Montreal Convention requires air carriers to maintain adequate insurance covering their liability under the convention. In the United States, 14 CFR 205.5 requires carriers operating under Department of Transportation authority to maintain insurance or approved self-insurance for bodily injury, death and property damage liabilities.[56][57]
Latest news
Marsh’s September 2026 market review said aviation insurance capacity remained available but was being deployed more selectively. In its global portfolio, first-half 2026 lead premiums rose 5.01%, while airline hull, spares and liability risks faced greater underwriting scrutiny and continued pricing pressure.[17]

02 Ranking

Top 10 Companies in the Aviation Insurance Industry

The leading companies in the aviation insurance industry, ranked on market impact, performance, momentum, innovation and brand popularity.

Updated November 11, 2026 · Next review December 11, 2026

Verdict

Chubb stands out for aviation operations and aerospace insurance because its revenue growth was 6.5%, while AXA focuses on global aviation and specialty insurance since AXA XL provides global aviation and specialty insurance solutions and its revenue growth was 6%.

Ranked by Overall score · How we score ↓

Editor's top 3 picks

Where to start, by need.

  1. #1 Overall · Leader in aviation underwriting

    Chubb

    CH

    Ranked #1 · 9.2 · Aviation underwriting

    Why we picked it: Chubb focuses on aviation operations and aerospace risks, with revenue growth of 6.5%.

    See in ranking ↓Visit chubb.com ↗

  2. #2 overall

    AXA

    FR

    Ranked #2 · 9.1 · Aviation underwriting

    Why we picked it: AXA XL covers global aviation and specialty insurance, backed by revenue growth of 6%.

    See in ranking ↓Visit axa.com ↗

  3. Leader in aviation broking

    Aon

    IE

    Ranked #3 · 9.1 · Aviation broking

    Why we picked it: Aon operates as a major global aviation insurance broker and intermediary, with revenue growth of 9%.

    See in ranking ↓Visit aon.com ↗

Pick 1 is the #1 company overall. Pick 2 is the highest-ranked company in the top 5 that adds a new segment; no further segment places in the top 5, so pick 3 follows rank.

Full ranking

Sort by
Top 10 companies in the aviation insurance industry, 2026 – Gitnux ranking
#CompanyOverall ↓Company snapshot
1

Chubb

Aviation underwriting · CH

9.2
2

AXA

Aviation underwriting · FR

9.1
3

Aon

Aviation broking · IE

9.1
4

Allianz

Aviation underwriting · DE

9.0
5

Arthur J Gallagher

Aviation broking · US

8.8
6

Munich Re

Aviation insurance and reinsurance capacity · DE

8.7
7

AIG

Global aviation and aerospace insurance · US

8.7
8

Starr Insurance Companies

Global aviation and aerospace insurance · US

8.5
9

Sompo Holdings

Aviation insurance through Sompo International · JP

8.4
10

Liberty Specialty Markets

Specialty aviation insurance and reinsurance · GB

8.1

How we score

  • Impact (30%): scale and weight in the market (revenue, market share, employees, market position).
  • Performance (20%): recent revenue growth and operating margin; an analyst assessment where a company does not publish them.
  • Momentum (20%): growth trajectory and future potential.
  • Innovation (15%): R&D intensity and how technologically advanced the company is.

Popularity (brand search demand, 15%) counts toward Overall but is not published as a column. Overall leaves out what is not known.

Scale Scores are shown on a 7–10 scale with one decimal; bars start at 7.0.

Cadence Recalculated when new figures are published; next review December 11, 2026.

Independence. Rankings are editorially independent. Scores, ranks, picks and the verdict follow the method above; no company can pay to change them.

Cite this ranking

APA

Samuel Norberg. (2026, November 11). Top 10 companies in the aviation insurance industry. In Aviation Insurance Industry Statistics. Gitnux. https://gitnux.org/aviation-insurance-industry-statistics/#top-companies

report visual · Projection

Global aviation insurance market size

Global aviation insurance market size grew from $4.1B in 2022 to $4.5B in 2024.

$4.1B
Start
+4.88%
CAGR · 2y
$4.5B
Projected
20222024
source-verifiedicfm.ro2032

04 Statistics

Technology & Innovation

Digitization and AI use are spreading across insurers and brokers: 13% of UK insurance professionals reported fully digitized operations, and 79% rated digital transformation as important or extremely important for competitiveness.

Digital Transformation in the insurance sector (sector benchmark)

  • 13% of UK insurance professionals surveyed said their operations were fully digitized, while 79% considered digital transformation important or extremely important for competitiveness.[1]
  • 25% of the world’s 210 largest insurers had fully digitalized their value chain in ACORD’s 2025 study, while 46% were still investing in digitalization without completing the transformation.[2]
  • 45% of surveyed global insurance companies identified legacy technology systems and infrastructure as their biggest barrier to adopting digital tools and new ways of working.[3]
  • 46% of global insurers were classified as having digital aspirations in ACORD’s 2025 maturity study, meaning they had explicit digitalization investment but remained on the transformation journey.[2]

Technology Adoption in the insurance sector (sector benchmark)

  • 95% of UK insurance firms responding to the Bank of England’s 2024 survey were already using artificial intelligence, the highest adoption rate among surveyed financial-services sectors.[4]
  • 65% of European insurance undertakings surveyed by EIOPA were already actively using generative AI in 2025, with another 23% planning adoption.[5]
  • 76% of US insurance executives surveyed by Deloitte had implemented generative AI in at least one business function in 2024, including 82% of life-and-annuity insurers and 70% of property-and-casualty insurers.[6]
  • 78% of global property-and-casualty insurers surveyed by Bain were using generative AI in some capacity in 2025, but only 4% had scaled it across their organizations.[7]

Cloud Computing in the insurance sector (sector benchmark)

  • 94% of Insurance Ireland CEOs surveyed said their companies currently adopted cloud technology in 2025, making it the most widely adopted innovative technology in the survey.[8]
  • 78% of Insurance Ireland CEOs surveyed planned future use of cloud technology in 2025, despite already reporting 94% current adoption.[8]
  • Gartner reported in 2024 that industry cloud platforms were highly valued by insurance respondents to its Cloud End-User Behavior Survey, indicating strong interest in sector-specific cloud environments.[9]
  • Cloud computing and data-science techniques were described as well embedded across many Irish insurance companies in a 2025 CEO survey covering 37 respondents.[8]

Big Data in the insurance sector (sector benchmark)

  • 65% of European insurance undertakings surveyed by EIOPA used generative AI in 2025, with reported applications spanning customer service, claims management, sales and distribution, and data analysis.[5]
  • 75% of Insurance Ireland CEOs surveyed said their companies currently adopted data science or analytics in 2025, making it the second-most adopted innovative technology in the survey.[8]
  • 64% of reported generative-AI use cases among European insurers were for internal back-office applications in EIOPA’s 2025 survey, compared with 36% for customer-facing applications.[5]
  • 50% of European non-life insurers and 24% of life insurers reported using artificial intelligence in their operations in EIOPA’s 2023 digitalization survey.[5]

IoT in the insurance sector (sector benchmark)

  • 19% of Insurance Ireland CEOs reported planned IoT adoption in 2025, compared with 54% planning machine learning and predictive modelling and 86% planning artificial intelligence.[8]
  • 19% of Insurance Ireland CEOs surveyed planned future Internet of Things adoption in 2025, up from 13% reporting current adoption.[8]
  • 13% of Insurance Ireland CEOs surveyed said their companies currently adopted Internet of Things technology in 2025.[8]
  • 13% of Insurance Ireland CEOs reported current IoT adoption in 2025, compared with 94% for cloud technology and 75% for data science or analytics.[8]

05 Statistics

Data & Analytics

Claims data and data governance are becoming differentiators: Allianz used 32,114 aviation insurance claims from January 2019 through April 2024, covering claims worth about $15 billion.

Business intelligence in the aviation insurance industry

  • Collision and crash incidents accounted for 63% of aviation insurance claim value in Allianz’s analysis of claims from 2019 through April 2024.[10]
  • Collision or crash incidents and faulty workmanship or defective products together accounted for 85% of aviation insurance claim value in Allianz’s 2019–2024 dataset.[10]
  • Collision and crash incidents represented 33% of aviation insurance claims by number in Allianz’s five-year analysis.[10]
  • Faulty workmanship and defective products accounted for 22% of aviation insurance claim value in Allianz’s 2019–2024 claims analysis.[10]

Data analytics in the aviation insurance industry

  • Allianz used claims data from 32,114 aviation insurance claims covering January 2019 through April 2024 to identify the leading causes of loss.[10]
  • Allianz’s aviation claims dataset contained more than 32,000 claims covering five years and a total value of approximately $15 billion.[10]

Data Quality in the insurance sector (sector benchmark)

  • 71% of UK insurers and brokers reported duplicate data as a data challenge in 2025.[11]
  • 61% of insurance respondents globally identified internal data quality as their biggest challenge in fraud response in 2024.[12]
  • 63% of UK insurers and brokers reported distrust in data as a data challenge in 2025.[11]
  • 53% of insurance respondents globally identified access to external data as a fraud-response challenge in 2024.[12]
  • 39% of insurers globally cited asset data management as an operational challenge in 2024.[13]
  • 45% of insurers globally cited receiving relevant asset data within required timeframes as an operational challenge in 2024.[13]

Data Governance in the insurance sector (sector benchmark)

  • 55% of insurance executives said data security and privacy were a focus of their data strategy in 2026.[14]
  • 65% of insurance executives said data governance was a focus of their data strategy in 2026.[14]
  • 17% of UK insurers and brokers had a unified data platform supporting integrations from multiple data sources in 2025.[11]
  • 67% of UK insurers and brokers followed manual processes for customer financial-crime risk assessments in 2025.[11]
  • 48% of insurance executives said risk management and compliance were a focus of their data strategy in 2026.[14]

KPIs in the aviation insurance industry

  • Airline hull and liability lines generated approximately $1.65 billion in net premium in 2024.[7]
  • Global aviation insurance gross written premiums were forecast to exceed $8 billion in 2024, a 20-year high.[10]
  • The US aviation insurance market measured approximately $3 billion annually in 2025.[15]
  • The global aviation insurance war market grew from estimated pre-war premiums of $150 million–$160 million to approximately $500 million by July 2023.[16]

06 Statistics

Strategy & Growth

Premium growth is more rate-led than exposure-led: Marsh reported 5.01% lead gross premium growth in first-half 2026 with exposure up only 0.38%.

Growth in the aviation insurance industry

  • 4.61% was the average gross rate change across Marsh’s global aviation insurance portfolio in the first half of 2026, while average lead gross premium increased 5.01%.[17]
  • 6.88% was the projected 2026–2031 compound annual growth rate for Asia-Pacific aviation insurance, the fastest regional growth rate in the cited market forecast.[18]
  • US$8.91 billion was the estimated global aviation insurance market size in 2025, forecast to reach US$11.70 billion by 2031 at a 4.43% CAGR.[18]
  • More than US$8 billion was the expected global aviation insurance gross written premium in 2024, a 20-year high for the industry.[10]

Differentiation in the aviation insurance industry

  • 4% of global aviation insurance gross written premium came from contingent risks in 2024, according to Allianz Commercial’s market segmentation.[10]
  • 35% of global aviation insurance gross written premium came from airline risks in 2024, while aerospace risks accounted for 14%.[10]

Mergers and acquisitions in the aviation insurance industry

  • 1 aviation insurance acquisition was announced by Chubb in June 2024: the proposed purchase of Australian managing general agent Catalyst Aviation Insurance.[19]
  • 1 European aviation-insurance acquisition was announced in March 2025 when GGW Group agreed to acquire Aélia Assurances Group, which had offices in Paris and Geneva.[20]
  • 1 aviation brokerage acquisition was completed by Relation Insurance Services in November 2024 through its purchase of Business Aviation Insurance Services’ assets.[21]
  • 6 acquisitions had been completed by Schrager Hampson Aviation Insurance Agency by December 2024, including its purchase of Charles W. Bilella Agency.[22]
  • 1 general-aviation insurance-services acquisition was announced by Bishop Street Underwriters in July 2025 through its purchase of Aerospace Insurance Managers from Hallmark Financial.[23]

Strategic partnerships in the aviation insurance industry

  • 1 strategic alliance between Aerospace Insurance Managers and HDI Global had expanded California aviation-insurance operations by 2025 after being formed in June 2024.[24]
  • 1 aviation program was launched in August 2024 by Skyward Specialty in partnership with Acceleration Aviation Underwriters.[25]
  • 1 strategic partnership was announced between Air Centurion Insurance Services and SiriusPoint in October 2024 to support an aviation insurance program administrator.[26]
  • 1 aviation professional-liability solution was launched in the United States in July 2024 through a partnership between Worldlink Specialty and Oneglobal Broking.[27]

07 Statistics

People & Workforce

Work models are varied: across U.S. insurance companies, 22% of staff worked fully remotely in 2025, while 28.7% of roles were in hybrid work environments as of September 2024.

Remote Work in the insurance sector (sector benchmark)

  • Across North American insurance and actuarial professionals, 89% said in 2025 they had the option to work remotely.[28]
  • Across U.S. insurance companies, 22% said in 2025 that most of their staff worked fully remotely.[29]
  • Across U.S. finance and insurance employees, 30% worked fully from home during the December 2024–March 2025 survey period.[30]
  • Across U.S. finance and insurance workers, 13.4% reported remote work in the Chicago Fed survey covering July 2021 through March 2024.[31]

Hybrid Work in the insurance sector (sector benchmark)

  • Across U.S. finance and insurance workers, 28.7% were in hybrid work environments as of September 2024.[32]
  • Among finance, insurance and real-estate employers in the United States, 55.8% were classified as fully hybrid in the 2024 NACE employer survey.[33]
  • Across 116 UK insurance companies, 19% expected their hybrid-working policy to become more restrictive in 2025.[34]
  • Across U.S. finance and insurance employees, 38% worked in hybrid arrangements during the December 2024–March 2025 survey period.[30]

Employee Engagement in the insurance sector (sector benchmark)

  • Across U.S. employees, 33% were engaged in their work and workplace in 2023, an economy-wide benchmark relevant where insurance-specific engagement data are limited.[35]
  • Among workers newly hired into property and casualty insurance during the previous five years, about one-third valued engaging and interesting work in a 2025 poll.[32]
  • Among U.S. employees surveyed by Gallup, 16% were actively disengaged in 2023, providing an economy-wide benchmark for insurance employers.[35]
  • Across insurance employees surveyed by APQC in the first half of 2024, employee experience priorities and engagement gaps were measured across insurance organizations.[36]

Change Management in the insurance sector (sector benchmark)

  • Across 200 global insurance executives, 73% planned to change their core insurance management technology within three years in 2025.[37]
  • Among global insurance chief risk officers, 75% reported increased involvement in major enterprise-wide change initiatives in 2025.[38]
  • Across property and casualty insurers, 28% of AI investment went to change management, including employee and leadership training, in 2026.[39]
  • Across 200 global insurance executives, 45% identified legacy technology as a major barrier to adopting digital tools and new ways of working in 2024.[3]
  • Across 53 insurance transformation leaders, 44% placed their organizations in the top quartile for AI transformation in 2026.[14]

08 Statistics

Marketing & Brand

Influencer Marketing in the insurance sector (sector benchmark)

  • 8%: European insurance undertakings reported plans to establish a commercial relationship with social-media influencers soon in EIOPA’s 2023 survey of 209 undertakings.[5]
  • 11.62%: Banking, finance and insurance companies’ projected average share of marketing budgets allocated to influencer strategies three years later, based on 29 surveyed companies in 2023.[40]
  • 5.76%: Banking, finance and insurance companies’ average share of marketing budgets allocated to influencer strategies currently, based on 29 surveyed companies in 2023.[40]
  • 4.17%: Banking, finance and insurance companies’ average share of marketing budgets allocated to influencer strategies one year earlier, based on 29 surveyed companies in 2023.[40]
  • 25%: European insurance undertakings reported already having a commercial relationship with social-media influencers in EIOPA’s 2023 survey of 209 undertakings.[5]

09 Statistics

Operations & Execution

Renewals concentrate around the final-quarter cycle: 65% of annual airline hull and liability premium was placed during the Q4 renewal season concentrated mainly on December 1.

Operational efficiency in the aviation insurance industry

  • 65% of annual airline hull and liability premium was estimated to be placed during the Q4 2024 renewal season, concentrated mainly on December 1.[41]
  • 11.4% was the increase in Lloyd’s marine, aviation and transport reserves in 2024, reflecting additional reserve strengthening on aviation lines.[16]
  • 3 additional insurers entered the primary aviation insurance market during the 18 months before Q2 2024, increasing available capacity for buyers.[42]

Quality management in the aviation insurance industry

  • 22 years marked the 2024 high for U.S. general-aviation incurred losses, which reached approximately $1.7 billion.[43]
  • 400 leased aircraft were estimated to have been confiscated by Russian airlines, creating major aviation-insurance claims and litigation-management requirements.[41]
  • $352 million was the 2022 jury award in Texas for an aviation ground handler injured while marshaling a United Airlines aircraft.[44]

Supply chain in the aviation insurance industry

  • $6.5 billion in hull-war claims resulted from more than 400 leased aircraft stranded in Russia after European Union sanctions, according to a 2024 aviation insurance market update.[42]
  • Repair costs and repair times for aviation physical-damage claims increased because of inflation, spare-parts shortages and labor shortages in 2024.[44]
  • MRO operators were making significant efforts to control attritional loss levels in early 2025, with WTW reporting some positive effect.[41]

Outsourcing / Offshoring in the insurance sector (sector benchmark)

  • 44% of insurance organizations globally planned to increase outsourcing in Asia over the following 12 months in 2025.[14]
  • 45% of Australian insurance businesses that offshore used offshore teams for document processing in 2026.[45]
  • 70% of Australian insurance businesses that offshore used offshore teams for broker support in 2026.[45]
  • 37% of Australian insurance businesses offshored at least one function in 2026, compared with 29% in 2023.[45]
  • 63% of Australian insurance businesses that offshore used offshore teams for administration and back-office work in 2026.[45]

10 Statistics

Finance & Pricing

Lloyd’s reported aviation pricing remained marginal for sustainable profitability in 2024, except for aviation war coverage, and Marsh reported a 4.61% average gross rate increase in first-half 2026.

Pricing strategy in the aviation insurance industry

  • Airline insurance pricing remained marginal for sustainable profitability in 2024, except for aviation war coverage, according to Lloyd’s.[16]
  • Excess war coverage purchased by airports and international aircraft operators was expected to increase by 10% or more in 2025.[44]
  • Airports were forecast to receive aviation insurance rate changes of negative 2.5% to flat in the first half of 2025.[41]
  • Approximately 10% rate reductions were observed in aviation hull-war and war third-party-liability renewals in Q4 2024, amid plentiful direct-market capacity.[46]

Cost reduction in the aviation insurance industry

  • 10% to 15% was the estimated reduction in theoretical space-insurance capacity at January 1, 2025, after reinsurers trimmed excess proportional capacity.[46]
  • $1.9 billion was the total of space-market losses accumulated from 2023, prompting several direct and reinsurance markets to exit the class by January 2025.[46]

Profitability in the aviation insurance industry

  • $3.0 billion was U.S. general aviation written premium in 2024, up approximately 2% and representing the slowest growth in years.[43]
  • 104.3% was Lloyd’s marine, aviation and transport combined ratio for 2024, 5.2 percentage points worse than the prior year.[16]
  • Approximately $1.7 billion in U.S. general aviation incurred losses in 2024 represented a 22-year high and continued to pressure underwriting margins.[43]
  • 92.9% was Lloyd’s marine, aviation and transport accident-year ratio for 2024, a 4.7-percentage-point deterioration year on year.[16]

Financial planning in the aviation insurance industry

  • 47% of anticipated 2024 global aviation-insurance premium came from general aviation, compared with 35% from airlines, 14% from aerospace and 4% from contingent risks.[10]
  • More than $8 billion was the anticipated global aviation-insurance gross written premium for 2024, the highest level in 20 years.[10]
  • $1.1 billion, or approximately 13% of global aviation-insurance premium, was attributed to the standalone war market in 2024.[10]
  • 4.9% was the 2024 increase in Lloyd’s marine, aviation and transport gross written premium, reaching £4.51 billion.[16]

11 Statistics

Product & Service

Core coverage demand stays broad across hull, liability, and specialist lines, with general aviation at 47% of the market in 2024 and airlines at 35% by premium share.

Product development in the aviation insurance industry

  • More than 500 Western-owned or leased airliners were confiscated by Russia, generating billions of dollars of aviation-insurance claims for aircraft lessors.[44]
  • First operational-use insurance coverages for electric vertical takeoff and landing aircraft were expected to be placed in 2024 globally.[10]
  • The global aviation insurance war market was forecast to generate approximately $1.1 billion in gross written premiums in 2024.[16]
  • US aviation insurance markets increased from 18 in 2019 to 25 in 2025, indicating expanded product capacity and new specialist underwriting entrants.[15]

Product lifecycle in the aviation insurance industry

  • Approximately 65% of annual airline hull and liability premium was placed during the 2024 renewal season.[41]
  • Claims costs for certain aircraft spare parts increased by 10% to 15% over the previous few years, contributing to more constructive total losses.[10]
  • Repairs on Boeing 787 composite aircraft were approximately four times more expensive than comparable repairs on metal aircraft, according to Allianz claims experts.[10]
  • Around 75% of the world’s airline policies renew during the fourth quarter, making it the key annual renewal cycle for aviation insurers.[41]

After-sales in the aviation insurance industry

  • The average annual cost of attritional airline and aerospace claims was estimated at $850 million to $1.15 billion in 2025.[41]
  • Allianz analyzed 32,114 aviation insurance claims worth more than €14 billion between January 2019 and April 2024.[10]
  • Airline insurers faced large claims in the first quarter of 2025 that likely exceeded the premium intake for the entire year.[41]
  • Aircraft repair and component delivery times remained challenging and unpredictable across clients, maintenance providers and insurers in Europe, the United Kingdom and the United States in 2024.[10]

Value proposition in the aviation insurance industry

  • Airlines represented 35% of the 2024 aviation insurance market by premium share.[44]
  • General aviation represented 47% of the 2024 aviation insurance market, the largest segment by share.[44]
  • Aerospace represented 14% of the 2024 aviation insurance market by premium share.[44]
  • Contingent aviation insurance represented 4% of the 2024 aviation insurance market by premium share.[44]

13 Statistics

Globalization & Expansion

Regional weighting remains important: North America accounted for 44.90% of the global market in 2025, according to Fortune Business Insights.

Globalization in the aviation insurance industry

  • US$4.507 billion was Lloyd’s 2024 gross written premium for marine, aviation and transport business globally, up 4.9% from 2023.[52]
  • 20.60% of the global aviation insurance market was attributed to Asia-Pacific in 2025, generating an estimated US$1.09 billion in revenue.[53]
  • 53.56% of the global aviation insurance market was held by North America in 2025, according to a market-size estimate.[18]
  • 13% of global aviation insurance gross written premium was expected to come from standalone war risks in 2024, equivalent to approximately US$1.1 billion.[10]

Key questions about the aviation insurance industry

What is the 2026 size of the global aviation insurance market?
The global aviation insurance market is projected at $5.55 billion in 2026, with insurers tightening underwriting as claims costs, geopolitical risks, and repair inflation pressure pricing.
How fast is the aviation insurance market expected to grow after 2026?
The forecast CAGR for 2026–2034 is 6.10%, taking the market to $8.88 billion by 2034. Differing definitions yield alternative estimates such as $9.42 billion for 2026 and $11.70 billion by 2031 from Mordor Intelligence.
Which companies lead the aviation insurance industry?
Chubb stands out for aviation operations and aerospace insurance because its revenue growth was 6.5%, while AXA focuses on global aviation and specialty insurance since AXA XL provides global aviation and specialty insurance solutions and its revenue growth was 6%.
What technology changes are shaping underwriting and data use in aviation insurance?
EIOPA surveys report 65% of European insurance undertakings actively using generative AI in 2025, with another 23% planning adoption. Across UK insurance, 13% reported operations fully digitized, while 79% said digital transformation matters for competitiveness.
How is the aviation insurance market structured across capacity and distribution?
The market is concentrated among specialist aviation insurers, Lloyd’s syndicates, global commercial insurers, brokers, and managing general agents. Lloyd’s also reported that aviation pricing remained marginal for sustainable profitability in 2025 despite abundant capacity.
What renewal-season dynamics affect premium levels and competition?
WTW estimated about 65% of annual airline lead hull and liability premium is placed in the final-quarter renewal season, intensifying competition and capacity allocation in that period. Marsh reported a 5.01% average lead gross premium increase in the first half of 2026 versus only 0.38% exposure growth.
Reference

Cite This Report

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APA
Samuel Norberg. (2026, November 11). Aviation Insurance Industry Statistics. Gitnux. https://gitnux.org/aviation-insurance-industry-statistics
MLA
Samuel Norberg. "Aviation Insurance Industry Statistics." Gitnux, 11 Nov 2026, https://gitnux.org/aviation-insurance-industry-statistics.
Chicago
Samuel Norberg. 2026. "Aviation Insurance Industry Statistics." Gitnux. https://gitnux.org/aviation-insurance-industry-statistics.

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  36. apqc.org
  37. novidea.com
  38. iif.com
  39. capgemini.com
  40. cmosurvey.org
  41. wtwco.com
  42. bbrown.com
  43. lljohns.com
  44. mheda.org
  45. macquarie.com.au
  46. ajg.com
  47. ey.com
  48. pwc.com
  49. insurers.gallagherbassett.com.au
  50. oaic.gov.au
  51. internationalinsurance.org
  52. assets.lloyds.com
  53. fortunebusinessinsights.com
  54. atlas-mag.net
  55. info.usi.com
  56. icao.int
  57. customsmobile.com
  58. chubb.com
  59. axa.com
  60. emergenresearch.com
  61. allianz.com
  62. giiresearch.com
  63. global-aero.com
  64. aig.com
  65. starrcompanies.com
  66. grandviewresearch.com
  67. dataintelo.com
  68. iata.org
  69. iua.co.uk
  70. faa.gov
  71. transport.ec.europa.eu