Swiss Re calls for financial prudence in aviation sector
The aviation (re)insurance market could be facing a wave of insolvencies if losses continue to outpace premiums, according to the latest Swiss Re sigma report, entitled: Flight to quality - financial security in the aviation insurance market .
The report, which was unveiled at the Airline Insurance Rendez-Vous in Munich, points out that losses have outpaced premiums in ten of the past 13 underwriting years. Although gross premiums totalledOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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