Focus: Aviation reinsurance market must moderate demands for higher rate

As an industry that has been forced to weather numerous challenges and crises in the past, the cautious signs of optimism emerging in the aviation sector as borders reopen and air travel demand improves are welcomed. The devastating and far-reaching impact of the global pandemic on this most resilient of industries is self-evident – with prolonged travel restrictions and vastly reduced passenger traffic bringing many attendant economic and employment hits throughout the supply chain.