From May 21, 2018 to May 23, 2018 management of BLS CUSTOS GROUP together with its business partners Mains Insurance Brokers and Consultants, LLC (https://mainsgroup.ru/) gave presentations on airline companies’ results (clients of BLS CUSTOS GROUP) for the past insurance year to the attention of European reinsurance partners.
The following major trends of this year were discussed within the framework of the insurance tender:
- Increase in rates of underwriters for services, basically in relation to renewal of reinsurance programs; as well as:
- Strengthening of compliance control by underwriters of their potential beneficiaries, customers and business partners in relation to increase in risk of direct and indirect sanctions (including sanctions of USA, Great Britain and European Union).
Based on the results of the tender, BLS CUSTOS GROUP has managed to decrease the rates of aircrafts insurance programs for its clients for next insurance year, despite all negative trends.