1、A business of Marsh McLennanGeneral insurance market benchmarking:Aviation insurance market overviewQ3 2023November 20231.Executive summary 2.Airline insurance London market overview-Q3 airline premium development-Airline market capacity-Airline losses3.Aerospace insurance London market overview-Q3

2、aerospace premium development-Aerospace market capacity4.General aviation insurance London market overview-Q3 general aviation premium development-General aviation market capacity5.Hull War and AVN52 commentary6.ReinsuranceContentsExecutive summaryAs we exit the third quarter of 2023,reinsurance cos

3、ts continue to increase,fueled by the retro market.In most cases,the increases are not passed on to insureds,but rather insurers are absorbing much of the costs.High inflation is impacting operating costs for insureds across the aviation industry,adversely affecting the value of attritional losses.A

4、t an operational level,competition to hire and retain experienced staff continues to impact the post-pandemic return to service.To counter this,during the third quarter,several airlines further invested in crew training via new academies and bursary schemes to better manage operational and people ri

5、sks.Orders for new airframes remain buoyant;however,some original equipment manufacturers(OEMs)still face challenges in meeting demand.It is difficult to predict with certainty how macro factors may affect the industry in the fourth quarter of 2023 and beyond.We will be by your side with the capabil

6、ities and skillset to support you through the challenges and opportunities ahead.Garrett HanrahanGlobal Head,Aviation&SpaceExecutive summaryAirline insurance London market overviewAirline insurance London market overviewFactors impacting the London airline insurance market heading into Q4 2023Consid