Plane crashes - insurance costs 2007-2018

In 2018, airline written premiums amounted to over 1.3 billion U.S. dollars, an increase from 1.15 billion U.S. dollars in the previous year.Accidents in the aviation industryAccording to the severity of a crash, an aircraft incident could result in hull loss or fatal accidents. An aircraft, when damaged during the flight can lead to wreckage beyond economically desirable repair. These types of accidents are considered as hull loss and accounted as a total loss for a firm. When an aircraft incident leads to fatalities, then it is considered as a fatal accident. Most of the fatal accidents also lead to hull loss, yet most of the hull losses do not result in fatalities. Striving to enhance efficiency and safety, aviation firms reduced aircraft hull losses down to 0.21 hull loss per one million flights in 2019. Loss of control was the most likely reason for a fatal aircraft accident. Airline insuranceAlthough quite rare, the cost of an aircraft incident could reach over half a billion U.S. dollars. Airlines purchase insurance packages to cover potential losses, ranging from service mistakes to hull loss. Insurance coverage reduces the risks of an airline's operations. Yet insurance for airline operations is considerably costly, inducing some air transportation companies not to acquire insurance coverage. Total airline insurance by air carriers demonstrated a declining trend, indicating a lower level of insured airline operations to cover hull loss, liabilities or other activities. In 2018, the airline insurance cost for commercial aviation was over 2.9 billion U.S. dollars. On the other hand, if an unexpected event occurs, airlines open a claim to receive an insured amount with respect to the losses incurred. Between 2016 and 2020, collision or crash incidents accounted for over half of all aviation insurance claims by value, which was equivalent to nine billion U.S. dollars. During the same period, travel issues including luggage or delay composed 13 percent of the total number of aviation insurance claims globally.

于2018年，航空业书面保险保费总额超过13亿美元，较上一年度的11.5亿美元有所增长。航空工业事故根据事故的严重程度，飞机事故可能导致船体损失或致命事故。飞机在飞行过程中受损可能导致无法进行经济上可接受的修复的残骸。此类事故被视为船体损失，并计为公司的全部损失。当飞机事故导致人员死亡时，则被视为致命事故。大多数致命事故也导致船体损失，然而，大多数船体损失并未导致人员死亡。为提高效率和安全性，航空公司在2019年将飞机船体损失降至每百万次航班0.21次。失去控制是导致致命飞机事故的最可能原因。航空保险尽管极为罕见，但飞机事故的成本可能达到超过5亿美元。航空公司购买保险套餐以覆盖潜在损失，范围从服务失误到船体损失。保险覆盖降低了航空公司的运营风险。然而，航空运营保险的成本相当高昂，导致一些航空运输公司不愿购买保险。航空公司提供的总保险费用呈现下降趋势，表明为覆盖船体损失、责任或其他活动，投保的航空公司运营水平较低。2018年，商业航空的航空保险费用超过29亿美元。另一方面，如果发生意外事件，航空公司将提出索赔，以获得与所受损失相应的保险金额。在2016年至2020年期间，碰撞或坠毁事故占所有航空保险索赔价值的超过一半，相当于90亿美元。在同一时期，包括行李或延误在内的旅行问题占全球航空保险索赔总数的13%。