US EditionDeadly Air India Crash Will Harden Aviation Reinsurance Market: GlobalData
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GlobalData: Air India plane crash will harden aviation reinsurance market
The fatal crash of Air India flight AI171 on June 12th has become a pivotal moment for the already tightening global aviation reinsurance market. This tragic accident marks the first-ever fatal hull loss of a Boeing 787 Dreamliner, considered one of the most advanced and safest models of the company. Follow Aeronews on Facebook, Twitter, LinkedIn, Bluesky and TikTok The unprecedented nature of this event is expected to send ripple effects across…
Reinsurers should reassess risks, adapt their pricing models and impose stricter conditions.
Crash course for cover: Air India tragedy rewrites the insurance playbook
The crash of Air India flight AI171 on 12 June 2025 has delivered a harsh jolt to the global aviation insurance sector. As details of the tragedy continue to unfold, analysts are warning that this incident could tighten the screws on an already strained reinsurance environment. With 241 lives lost and the aircraft – a Boeing 787-8 Dreamliner – written off, the financial aftershocks are likely to hit international reinsurers hardest. It’s the fir…
After the crash of the Air India machine on Thursday, which killed at least 265 people, the first estimates of the insured damages become known. Experts expect that the crash will cost the industry around 475 million dollars (409 million euros). As the local insurers have passed on their risks from aviation to 95 percent to reinsurers, the reinsurance market is likely to harden noticeably. But the premiums for aviation insurance are also expecte…
Air India plane crash to harden aviation reinsurance market: GlobalData
The fatal Air India plane crash on June 12, 2025, is expected to harden the aviation reinsurance market, with reinsurers likely to reassess risks related to wide-body aircraft, adjust pricing models, and impose stricter terms, according to GlobalData. Last Thursday, the London-bound Air India Boeing 787-8 Dreamliner crashed shortly after takeoff from Ahmedabad, India. GlobalData said the unprecedented nature of this event will send ripple effect…
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