Airline insurance industry profits in 2011
The airline insurance industry took in more in premiums than it paid out in claims during 2011, according to preliminary data compiled by global broker Aon.
Though this may be generally accepted as the primary function of underwriting in many sectors, ample capacity and stiff competition for a share of a non-correlated sector with large premiums available has seen the airline segment make a meagre technical underwriting profit only twice in the last five years.
Additionally in 2008, the last...
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