1、A business of Marsh McLennanFebruary 2025General insurance market benchmarking:Aviation insurance market overviewQ4 2024ContentsIndustry and market factorsIndustry and market factorsReinsuranceReinsuranceRecent major airline lossesRecent major airline losses Hull War and AVN52Hull War and AVN52Marke

2、t capacityMarket capacityPremium change analysisPremium change analysisAppendixAppendixExecutive summaryExecutive summaryGarrett HanrahanGlobal Head,Aviation&SpaceExecutive summaryOverall,the aviation industry concluded 2024 on a positive trajectory.New aircraft orders continued to emerge,although t

3、he principal challenge lies in the industrys capacity to meet this demand,particularly concerning supply constraints and talent acquisition.The geopolitical landscape remains uncertain and the effects of the new US administration on the global economy are yet to be determined.The reinsurance market

4、continued to provide some level of stability for direct insurers;however,the unresolved claims stemming from the Russian leasing situation cast a shadow over the horizon.At Marsh,we continue our risk before insurance approach,leading many clients to place a greater emphasis on loss mitigation projec

5、ts.Tragically,on 29 December,we witnessed the loss of Jeju Air flight 2216,resulting in the loss of 179 lives.This incident marked the end of a period characterized by relatively few large claims.As we enter 2025,the overall outlook for the insurance market remains positive,with plentiful capacity a

6、vailable to meet the demands of a growing aviation industry.3London insurance market overviewFactors impacting the London insurance market during Q4 2024Capacity remained robust,and reinsurance programs renewed this quarter amid improved market stability and some rate reductions.Competition in both