Global Aviation Insurance Market Overview:
Aerospace insurance provides liability and coverage against the damages or crashes of aircraft that occur due to the weather or other problems. Rising accidents from Boeing 737 Max and rapidly increasing air travel after the pandemic will boost the market. Most aviation insurance covers repairs or replacements of damaged aircraft and parts and liability claims from injury or loss of life.
- Increasing Hangar Rash and Other Ground Incidents in the Commercial Aviation Industry
- Surging Demand for Aviation Insurance in the Commercial Aviation to Protect Passengers and Coverages against Ground Risk Hull
- Coronavirus Crises Across the Globe May Impact the Aviation Insurance Market
- High Cost of Reinsurance, Liability Limits, and Reduced Coverages
- Increasing Number of Claims Due to Collision and Crashes Will Create Significant Opportunities
- The Presence of Number of MAjor Players in the Global Market May Create Challenges for the New Entrances
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Allianz Global Corporate and Specialty (Germany), AXA S.A. (France), Chubb Limited (Switzerland), Munich Re (Germany), Zurich (Switzerland), Marsh (United States), American International Group (United States), HDFC ERGO (India), Aon plc (United Kingdom), Gallagher Insurance (United States), BWI Aviation Insurance (United States), Global Aerospace, Inc. (United States), Great American Insurance Group (United States) and Tokio Marine HCC (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Aviation Insurance market by 2026. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Aviation Insurance market. Considering Market by End-user, the sub-segment i.e. Airlines will boost the Aviation Insurance market.
What Can be Explored with the Aviation Insurance Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Aviation Insurance Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Aviation Insurance
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Aviation Insurance market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Aviation Insurance market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Analysts and Strategic Business Planners, Aviation Insurance Providers, Reinsurance Service Providers and Insurance Brokers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Aviation Insurance Market?
The Aviation Insurance market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Aviation Insurance Market?
Top performing companies in the Global Aviation Insurance market are Allianz Global Corporate and Specialty (Germany), AXA S.A. (France), Chubb Limited (Switzerland), Munich Re (Germany), Zurich (Switzerland), Marsh (United States), American International Group (United States), HDFC ERGO (India), Aon plc (United Kingdom), Gallagher Insurance (United States), BWI Aviation Insurance (United States), Global Aerospace, Inc. (United States), Great American Insurance Group (United States) and Tokio Marine HCC (United States), to name a few.