Liam O’Connell

Feb 3, 2023 | lexology.com | Duncan Strachan |Liam O’Connell

1. AVIATIONFuel and insurance costs will rise and impact passengersIn the twelve months to October 2022, jet fuel prices increased by around 47%. Many consumers around the world are facing the onslaught of energy inflation, fuelled by world trade difficulties, volatile markets and the impact of Russia’s invasion of Ukraine. These factors have had a considerable impact on the aviation insurance sector.