Willis predicts unprofitable airlines market by 2015 as soft market continues

A British Airways jet in flight
Soft airline market

Unprecedented levels of competition, growth in exposures and low loss levels are driving premium reductions for insurance buyers during the busy airline renewal season according Willis Group Holdings.

Willis predicted if the current trend in premium volumes and loss levels continues to slide, it is possible that at lead terms the market will fall to unprofitable levels by 2015.

A number of buyers

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