Aviation industry ripe for captive insurance
From: Captive International, April 23, 2018
Against a backdrop of experiencing low rates for a long period of time, the aviation market is well suited for alternative risk transfer solutions such as captive insurance.
This is according to Alex Gedge, business development and captives executive at JLT Group, who suggested the aviation business – with its zero tolerance to safety violations and potential fluctuations of market premiums – could benefit from such solutions.
“Where the aviation market has been experiencing low rates for a long time, taking dependency out of the market can smooth the increases many aviation brokers are anticipating. This can be particularly valuable where there is uncertainty over airfares as it can add more certainty to your insurance spending,” said Gedge.