CURRENT ASPECTS OF THE DEVELOPMENT OF THE GLOBAL AVIATION INSURANCE MARKET

Ionut Lom and Iulia Caprian
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Ionut Lom: Moldova State University, Doctoral School of Economic Sciences of the State University of Moldova, Republic of Moldova
Iulia Caprian: Moldova State University, Republic of Moldova

Journal of Financial and Monetary Economics, 2024, vol. 12, issue 1, 108-114

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.

Keywords: aviation insurance; aviation insurance market; global trends (search for similar items in EconPapers)
JEL-codes: G22 G52 (search for similar items in EconPapers)
Date: 2024
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