Overview

• Brokers in India forecast 10%–30% premium hikes for hull, war-risk and liability coverage in the upcoming renewal cycle.
• The June 12 crash of a Boeing 787 Dreamliner in Ahmedabad killed 241 on board and 33 on the ground, resulting in a total aircraft loss.
• Roughly $125 million of the claim covers hull and engine damage, with over $350 million allocated to liability for passenger and third-party losses.
• Global reinsurers in London, Bermuda and elsewhere will shoulder more than 90% of the payout, according to industry estimates.
• Insurers are set to impose stricter underwriting standards worldwide and warn that further losses could push premiums to unprecedented highs.