There has hardly been a better time to be a buyer of business aircraft insurance, according to aviation insurance brokers, underwriters and industry consultants that AIN canvassed for this article. All signs definitely point to a buyer’s market, with some customers almost able to name their own price. While rates are already low, they could descend even further over the next 12 months if the industry stays on its current course.
New online charter broker ClearJet recently launched a flat-fee charter buyer-seller matchmaking service that it claims is more transparent to both buyer and seller. ClearJet allows buyers to view all of the quotes and other details–including aircraft type, amenities and interior/exterior photos, but not operator name–for their requested trip, unlike typical charter brokers that present clients with only a “best price.”