Aviation insurance rates to keep rising: Allianz

Jonathan Milford-Cottam, head of aviation regional unit London at Allianz Global Corporate & Specialty SE, said that aviation insurance rates will continue to rise due to insufficient capacity and years of soft market conditions, Asia Insurance Review reported. Premium growth is expected to be in line with the increase in exposures in order to achieve a sustainable premium base going forward, Mr. Milford-Cottam said.

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