Aviation insurance is vital for managing risks in the complex aviation industry, covering areas like hull damage, passenger liability, and war risks. This book explores its international scope, focusing on India’s aviation insurance sector. It traces the industry's evolution from basic policies to advanced risk management, emphasizing the roles of brokers and key insurance principles. Major events like 9/11 and the Malaysian air crashes are analyzed for their market impact. Regulatory frameworks, including India’s Carriage by Air Act of 1972, are examined. Designed for professionals and policymakers, this guide highlights aviation insurance’s critical role in supporting global aviation safety and growth.