Aviation insurance industry in the global economic crisis

Abstract

For five years now, the world economy has been affected by various crisis phenomena, which are currently forming as a consequence of the pandemic crisis, followed by the energy crisis, and the military conflict between Russia and Ukraine. Inevitably, this economic cataclysm has some influence on the global aviation insurance market. The recovery process of the global airline industry can be considered /seen as a beneficial factor in this context. At the same time, it is necessary to take into account the existing risk factors in this field of economic activity. Among the most important areas of adjustment in the aviation insurance market are the consequences of the pandemic crisis, cyber risks and the impact of the military conflict between Russia and Ukraine.

Keywords

• aviation insurance
• aviation insurance market
• global economic and financial crisis