Air India Crash Risks Fueling Up to 30% Jump in Insurance Premiums

Indian insurance policy sellers expect the cost of coverage for airlines to spike as much as 30% after the deadliest aviation crash in more than a decade.

Sajja Praveen Chowdary, director at Indian broker Policybazaar, expects premiums for hull, war-risk, and liability coverage to increase by 10% to 30% in the next renewal cycle. Rohit Boda, group managing director at broker J.B.Boda Group, predicts a rise of 10% to 25%.