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General aviation insurance stays highly competitive into H2 2026
Willis Towers Watson expects strong capacity to keep pressuring premiums, even as underwriting strategies diversify.
Willis Towers Watson says the general aviation insurance market is set to remain highly competitive in the second half of 2026, with available capacity continuing to weigh on premium levels.
The firm, citing Executive Director of Global Aviation and Space Alex Trotter, attributes the competitive pressure to soft-market conditions alongside changes in underwriting approaches, including more varied strategies from insurers and shifting priorities around balancing premium growth with longer-term portfolio profitability.
WTW points to structural drivers reshaping competition, including the continued expansion of managing general agents, the growing use of facilities and delegated authority arrangements, and changes in how long-term agreements are handled.
It also highlights new aviation risk areas tied to drones and advanced air mobility, along with increased movement of experienced aviation underwriters into MGAs over the past 12 to 18 months, which can create broader underwriting appetites or more competitive pricing.