Hugh Thacker, Global Managing Director for Charles Taylor’s aviation adjusting team, shares key industry insights in his recent Emerging Risks article. He notably explores why aviation claim costs are on the rise, highlighting several key factors such as: 

• Labour Shortages: We're seeing a significant increase in salaries for skilled aviation engineers—up by about 30%—due to a combination of competition and an ageing workforce. 

• Geopolitical Tensions: Worldwide conflicts have caused energy prices to spike and disrupted supply chains, driving up repair costs across the industry. 

• Covid-19 lingering consequences: The pandemic's impact on manufacturing and maintenance continues to put additional pressure on the sector. 

These factors have collectively contributed to the growing costs of claims in aviation. Yet can those effects be reversed in the future?

For more details, check out the full article.