Aviation insurance continues to show increases, with April renewal rates showing an overall increase of 4 percent in lead hull and liability premiums, according to Aon's monthly aviation report.
The increase is notable, Aon said, because average fleet value is down by 1 percent and passenger forecasts are down 7 percent for the month.
Aon said 81 percent of programs saw increases in April and have been showing steady increases over the past three years. The question, Aon said, is "whether this hardening market is satisfying underwriters' needs, or whether they push for higher increases as the year progresses."
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