 "Air India plane crash")
Aviation insurance premiums in FY27 in India could go up anywhere between 5 – 10 per cent post a bunch of accidents, particularly the horrific Air India AI-171 crash in Ahmedabad, which could result in claims of up to $150 million for the insurers and reinsurers, said industry insiders.
Aviation insurance is largely driven by reinsurance, mainly led by London-based reinsurance companies, pricing risk from a global portfolio perspective. Several aviation incidents in the Asia-Pacific regions coupled with the Air India plane crash is likely to change the risk perception of the reinsurers for the region and might result in
