While most of the insurance industry is experiencing rate increases, airline-industry risks are seeing rates drop thanks primarily to improved safety, says Aon.
In its mid-December 2012 airline-insurance market update, Aon says that with 40 renewals to go this year, lead insurer airline hull and liability premium has fallen around 10 percent on average from expiring premium.
"Competition between insurers has been particularly strong, with following markets offering additional savings," says Aon.
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