Cover Story – Aviation : Dreams of aviation: Making the uninsurable insurable
Source: Asia Insurance Review | Feb 2011
It took nearly 125 years from the first successful hot-air balloon flight by the Montgolfier brothers in 1783 to the first aviation accident insurance. From balloons and airships to super jumbos and space travel – Mr Steven Schmidt, Head of Aviation Facultative at Munich Re, looks at the developments in the industry over the last 100 years and examines the challenges ahead.
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