The question about the possibility of balance between a justifiable increase in insurance rates and reduction of expenses and costs of the airlines getting more and more urgent due to the adverse financial situation of the majority of Russian airlines and a series of serious accidents that have happened this year.
Insurance companies are required to keep the demand for insurance capacity when the inevitable increase in insurance premiums. Although the year is not over yet, we can already talk about results 10 months. The claimed losses in the international aviation insurance market over the first 10 months of 2014 now make up about 1.65 billion dollars, including about 0.70 billion. war risk hull insurance entirely against $ 1.25 billion. planning fees total premiums for the year, including only $ 70 million. premiums for “war” risks.
