Deutsche Bank has predicted losses from the Ethiopian Airlines crash and loss of Boeing ’s 737 Max 8 aircraft will affect the entire insurance industry . Losses resulting from the recent Ethiopian Airlines crash and subsequent grounding of Boeing’s 737 Max 8 aircraft have the potential to spread throughout the industry and become a “major event” for re/insurers, according to analysts at Deutsche Bank. Deutsche estimates property claims and payments to victims ' families will be between $ 50 - 100 m , and be absorbed primarily by the lead agent and broker for Ethiopian Airlines , Chubb and Willis Towers Watson , respectively . However , Munich Re expects to see reinsurance losses up to € 120 m ( $ 134 m ) . Further claims will follow if Boeing 's software is deemed to have malfunctioned , air carriers claim for business interruption from the aircraft grounding , or problems arise and D&O policies are activated .
Deutsche Bank has predicted losses from the Ethiopian Airlines crash and loss of Boeing ’s 737 Max 8 aircraft will affect the entire insurance industry . Deutsche estimates property claims and payments to victims ' families will be between $ 50 - 100 m , and be absorbed primarily by the lead agent and broker for Ethiopian Airlines , Chubb and Willis Towers Watson , respectively . However , Munich Re expects to see reinsurance losses up to € 120 m ( $ 134 m ) . Further claims will follow if Boeing 's software is deemed to have malfunctioned , air carriers claim for business interruption from the aircraft grounding , or problems arise and D&O policies are activated .