New York, NY -- (SBWIRE) -- 10/08/2020 -- Aviation insurance covers hull losses, damage caused to the passengers' luggage and injuries caused to air passengers during aircraft accidents. Aviation insurance policies are distinctly different from those for other areas of transportation and tend to incorporate aviation terminology, as well as terminology limits and clauses specific to aviation insurance. In today's generation where all are hard-pressed for time and are required to travel for business or leisure, taking flights has become an indispensable part of our lives. Though flying comes with a huge amounts of life risks, such as turbulent weather, terrorist activities leading to hijacks, mysterious disappearance of flights, auto/technical failure, or plane crashes; taking a flight is never devoid of these life-threatening dangers. A comprehensive aviation insurance policy covers against these dangers.

Aviation Insurance Market Prominent Players:

Some of the key players operating in the global aviation insurance market include Allianz, Avion Insurance American International Group, Inc., Willis Towers Watson, AXA SA., Gallagher, Aon plc., MARSH LTD ., MNK Re Limited, Chubb, and others.

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Growing Factors:

The market growth of aviation insurance can be attributed to factors, such as the increasing number of airports all over the world. With the increasing airport need for insurance is likely to increase. Moreover, the insurance covers liabilities originating from passenger injuries, round handling, delays, and injuries because of accidents, baggage liability and aviation product liability is boosting the growth of the market. Additionally, the airline and insurance industry have had a counter-cyclical relationship. With oil prices falling, passenger numbers rising, load factors high and continued growth predicted the performance of airlines is improving from an economic standpoint and spells difficult times ahead for insurers from a premium point of view. contributing towards the growth of the market.

Other factor, such as government policies for the development of the aviation industry and advanced technologies, such as taking advantage of built-in smartphone technologies, are expected to provide lucrative growth opportunities for the market. For instance, navigation services offer another way to streamline the passenger experience, saves time, and compels passengers to find open parking, discover a great restaurant, or locate an electronics store, among others.

Segmentation Based On:

By Type:

In-flight insurance,
Ground risk hull (non-motion) insurance,
Ground risk hull (motion) insurance,
Public liability insurance,
Passenger liability insurance,
Third party insurance

By End User:

Airlines,
aAirports,
Airline product manufacturers,
Others

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Regional Analysis:

Asia Pacific is estimated to be the fast-growing region owing to its increasing travel & tourism in this region. Moreover, the region is the biggest source of global outbound tourist spending, with most spends on intraregional travel. Furthermore, Eastern Asia Pacific is the most competitive subregion in Asia-Pacific by far and the second-most competitive in the world. An upsurge in investment by key market players is further supporting the market growth. Additionally, supportive government initiatives for the development of the aviation industry in this region are expected to give a robust growth platform during the forecast period.

Table of Contents:

1. INTRODUCTION
1. Market Definition
2. Market Ecosystem
1. Market Classification
2. Geographic Scope
3. Years Considered for the Study
1. Historical Years – 2016 & 2017
2. Base Year – 2018
3. Forecasted Years – 2019 to 2030
3. Currency Used for the Study
4. Report Beneficiary List

2. RESEARCH METHODOLOGY
1. Research Framework
2. Data Collection Technique
3. Data Sources
1. Secondary Sources
2. Primary Sources
4. Market Estimation Methodology
1. Bottoms Up Approach
2. Top Down Approach
5. Data Validation and Triangulation
1. Market Forecasting Model
2. Limitations of the Study
3. Assumptions of the Study

3. ABSTRACT OF THE STUDY

4. MARKET DYNAMICS ASSESMENT
1. Overview
2. Drivers
3. Barriers/Challenges
4. Opportunities

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In the end, Aviation Insurance Market industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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