Summary: Rising aviation claims cause insurers to set aside larger reserves and tighten policies. Costs are rising due to complex OEM pricing, composite structures, limited repair options.
Adjusters role now extending beyond damage verification to shape financial strategy on repairs and replacements.
Role of adjusters moving from reactive problem solver to strategic partners.
In aviation often there is little flexibility in how repair is carried out.
McLarens Aviation Claims Cost Index shows cost inflation outpacing general economic growth. Manufacturer price list on core items pacing 7% growth. Maintenance, repair and overhaul report bottlenecks and rising labor costs.
Even minor components such as engine fan blades up between 5-15% over past year and up 46% since 2021.
Further cost increases projected for 2025 and 2026.