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Aviation insurance premiums to increase by up to 5% per year



According to a report by the Swiss Re Institute, the aviation insurance industry is expected to record 4% to 5% growth in premiums per year through 2030 despite recent challenges, Reinsurance News reported. Recovery in air traffic with strong growth in passenger and cargo numbers, after the COVID-19 pandemic is over, is likely to bolster demand for aircraft, generating greater premium opportunity for aviation insurers.


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