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While the aircraft insurance market is growing, it faces challenges such as high claim severity and increasingly complex aircraft systems. The variability in international legal and regulatory regimes complicates underwriting and claims resolution, especially for multi-jurisdictional operations. Additionally, emerging technologies such as unmanned aerial vehicles (UAVs) and electric aircraft require insurers to develop new expertise and risk models. To address these challenges, insurers are innovating by offering customized underwriting solutions, leveraging technology for precise risk analytics, and forming strategic partnerships with aviation service providers. Moreover, insurers focus on expanding coverage types beyond traditional hull and liability policies to include cyber risks and advanced air mobility vehicles, enhancing their competitive edge.

Aircraft Insurance Market using only Market Research Future data, with focused coverage on market growth, ongoing trends, emerging opportunities, regional outlooks, technological impact, and challenges along with insurer strategies. The articles can be developed further into full 600-word pieces as needed. The MRFR report cited indicates a market size of USD 15 billion in 2024, forecasted to reach USD 19.51 billion by 2035 with a CAGR of 2.42%, influenced by technology, regulatory compliance, and sustainability focus in major regions including North America and Asia-Pacific.