Professional Group

The aircraft insurance market is undergoing several noteworthy trends according to MRFR’s report (ID 9535). One major trend is the increasing adoption of insurance coverage by a diverse range of end-users: airlines, airports, aircraft product manufacturers, leasing companies, ground operators and general aviation operators. MRFR notes that the major end-users of aircraft insurance include not just commercial airlines but also leasing and ground service operators.  In terms of type of insurance, MRFR’s segmentation covers public liability insurance, passenger liability insurance, combined single limit (CSL), ground risk hull (motion) insurance and others.

Among these, MRFR suggests that coverage for passenger liability and ground risk are becoming more important as aircraft usage intensifies and airports expand operations.   Regionally, the trend is clearly toward faster growth in Asia-Pacific. MRFR highlights that rising construction of new airports, government spending on aviation infrastructure, and growth in air travel in China and India will propel Asia-Pacific to the highest growth rate during the forecast period.   Key trend observations from MRFR:

• Emergence of new end-users (leasing companies, MROs, air taxi operators) increasing demand for insurance.

• Expansion of business & general aviation segment in addition to commercial aviation.

• Greater sophistication of insurance types (CSL, umbrella coverages) to cover more complex risks.

• Regional shift: although North America remains dominant, greater acceleration in Asia-Pacific and Middle East. For insurers and risk managers, these trends translate into actionable insights: design insurance products for emerging regions, tailor coverages for ground operation risks, and cater to the rising business aviation/leasing market. In short, the aircraft insurance market is evolving from standard hull & liability products toward more nuanced, application-specific solutions in a shifting geography.