Top Industry Leaders in the Aircraft Insurance Market
In 2023, Quotech, a technological platform developer, and Skyrisks, a managing general agent, will introduce insurance for the advanced air mobility market.The AAM sector spans passenger and freight loads in commercial, private, and military operations and includes aircraft such as electrical vertical take-off and landing vehicles.
"New India Unmanned Aircraft System Insurance" was introduced by New India Assurance in 2022. Larger aircraft to lone glider pilots will be covered by the New India Unmanned Aircraft System Insurance. Drone manufacturers, operators, and owners will all be covered. Customers can select from a wide variety of over 15 distinct add-on covers that are offered by the product.
Tata AIG General Insurance Co. Ltd. stated on Monday that it will begin offering Remotely Piloted Aircraft System (RPAS) insurance in 2021. TropoGo, a deep tech startup, will handle distribution of the insurance. Tropogo has effectively created an integrated marketplace that serves as a one-stop shop for the whole drone industry.
Key Companies in the Aircraft Insurance Industry include
- Ace Aviation
- American Financial Group Inc.
- American International Group Inc.
- Aon plc
- Arthur J. Gallagher and Co.
- AXA Group
- Berkshire Hathaway Inc.
- BWI Aviation Insurance Agency Inc.
- Chubb Ltd.
- Aerospace Underwriting Managers Ltd.
- Hallmark Financial Services Inc.
- London Aviation Underwriters Inc.
- Marsh and McLennan Companies Inc.
- Munich Reinsurance Co.
- Starr International Co. Inc.
