Insurance market view: Seatbelt sign on, turbulence ahead

The continual growth of the aviation sector will see gross written insurance premiums (GWP) hit a 20-year high in 2024 of more than US$8bn. The standalone war market is also experiencing significant growth. Multinational insurance and international insurance placements are becoming more common due to geopolitical and regulatory concerns and a desire for a highly-managed insurance structure.

The push for Net Zero means the first operational eVTOL aircraft risk will likely be placed into the insurance market this year.