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Current Aspects Of The Development Of The Global Aviation Insurance Market

Author

Listed:
  • LOM, Ionut

    (Moldova State University, Doctoral School of Economic Sciences of the State University of Moldova, Republic of Moldova)

  • CAPRIAN, Iulia

    (Moldova State University, Republic of Moldova)

Abstract

Aviation insurance is a specific type of insurance intended to cover loss or damage to aircraft and cargo carried on them, to compensate for damage caused to the health (or death) of passengers traveling by air. This type of insurance provides a complex of specialized products. The conducted research was aimed at analyzing the underlying trends of the global aviation insurance market. The information base of the study is supported by the data of the reports and opinions of the experts of the companies in the field. The global aviation insurance market is experiencing significant expansion, with continued development of this process forecasted, with aircraft insurance and aerospace insurance being complementary market segments. The quantitative and qualitative advancement of the civil aviation industry has created valuable opportunities for the development of aviation insurance worldwide.

Suggested Citation

  • LOM, Ionut & CAPRIAN, Iulia, 2024. "Current Aspects Of The Development Of The Global Aviation Insurance Market," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 12(1), pages 108-114, October.
    • Handle: RePEc:vls:rojfme:v:12:y:2024:i:1:p:108-114
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    More about this item

    Keywords

    aviation insurance; aviation insurance market; global trends;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G52 - Financial Economics - - Household Finance - - - Insurance

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