• August 8, 2020

COVID-19 Impact & Recovery Analysis | Aerospace Insurance Market 2020-2024 | Evolving Opportunities With Allianz Group and American International Group Inc. | Technavio - Odessa American: Business

e-Edition Subscribe

COVID-19 Impact & Recovery Analysis | Aerospace Insurance Market 2020-2024 | Evolving Opportunities With Allianz Group and American International Group Inc. | Technavio

Font Size:
Default font size
Larger font size

Posted: Wednesday, July 29, 2020 6:01 am | Updated: 6:31 am, Wed Jul 29, 2020.

LONDON--(BUSINESS WIRE)--Jul 29, 2020--

The global aerospace insurance market is expected to grow by USD 58.70 million as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200729005313/en/

Technavio has announced its latest market research report titled Global Aerospace Insurance Market 2020-2024 (Graphic: Business Wire)

Request challenges and opportunities that influence COVID-19 pandemic -Request free sample pages of the aerospace insurance market

Read the 120-page report with TOC on "Aerospace Insurance Market Analysis Report by End-user (Service providers, Airport operators, and Others), Geography (Europe, North America, APAC, South America, and MEA), and the Segment Forecasts, 2020-2024".


The market is driven by the expansion and construction of new airports. In addition, the increase in air passenger traffic is anticipated to boost the growth of the aerospace insurance market.

Over the years, the aviation industry has witnessed a significant surge in passenger traffic. To avoid congestion in the existing airports and to cater to the growing passenger traffic, several countries especially in fast-growing regions of APAC, the Middle East, and Africa are significantly investing in the modernization and development of new airports. For instance, in January 2020, the Kempegowda International Airport in Bengaluru, India announced an investment of USD 1.7 billion for the infrastructural expansion of the airport. Many such investments in the expansion of airports are fueling the growth of the global aerospace insurance market.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Major Five Aerospace Insurance Companies:

Allianz Group

Allianz Group operates its business through segments such as Property-Casualty, Life or Health, Asset Management, and Corporate and Other. The company offers customized policies covering all types of physical damage and liability for aerospace risks. It covers the entire spectrum of aerospace industry risk from niche suppliers to international Fortune 500 enterprises.

American International Group Inc.

American International Group Inc. operates its business through segments such as General Insurance, Life and Retirement, Other Operations, and Legacy Portfolio. The company offers support and customized insurance policies for airlines and unmanned aircraft.

Aon Plc

Aon Plc operates its business through segments such as Commercial Risk Solutions, Reinsurance Solutions, Retirement Solutions, Health Solutions, and Data and Analytic Services. The company offers aerospace insurance policies.

Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co. operates its business through segments such as Brokerage, Risk Management, and Corporate. The company provides aviation and aerospace insurance coverage and risk solutions.

AXA Group

AXA Group operates its business through segments such as France, Europe, Asia, AXA XL, US, International, and Transversal and Central Holdings. The company provides insurance coverage to aviation industry, offering hull damage and third party liability to product liability.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Aerospace Insurance Market End-user Outlook (Revenue, USD Million, 2020-2024)

  • Service providers
  • Airport operators
  • Others

Aerospace Insurance Market Geography Outlook (Revenue, USD Million, 2020-2024)

  • Europe
  • North America
  • APAC
  • South America
  • MEA

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

Request a free sample report

Related Reports onIndustrialsInclude:

Global Marine Insurance Market – Global marine insurance market by product (cargo, hull, offshore energy, and marine liability) and geography (APAC, Europe, MEA, North America, and South America).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200729005313/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200





SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 07/29/2020 07:00 AM/DISC: 07/29/2020 07:00 AM


© 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Odessa, TX

Current Conditions

Humidity: 52%
Winds: SSE at 8mph
Feels Like: 78°

Your Extended Forecast


High 99°/Low 73°
Mainly sunny. Highs in the upper 90s and lows in the low 70s.


High 98°/Low 73°
Sunny. Highs in the upper 90s and lows in the low 70s.


High 100°/Low 75°
Mainly sunny. Highs 98 to 102F and lows in the mid 70s.
Online Features

Pet Central


Having a pet is a lot of responsibility, and we’ll help by giving you lots of tips and tricks! More >>



Our fitness articles will help teach you how to work out with gym- and home-based exercises. More >>



Enjoy the crosswords challenge in our free daily puzzles, from the harder Sunday crossword to the quicker daily. More >>



Every Sudoku has a unique solution that can be reached logically. Enter numbers into the blank spaces so that each row, column and 3x3 box contains the numbers 1 to 9. More >>

  • ALL-ACCESS: Subscribe to our e-edition and premium website at myoaoa.com.
    You can read your daily newspaper without taking a walk to the driveway.
    Look back at yesterday's newspaper, or issues from months ago with our archive feature.
    Call circulation at 432-337-7314 to sign up today.