Articles
Connecting aviation professionals and enthusiasts to a wealth of information, insights, and learning resources focused on the aviation and aerospace industries.
Foam Fire Suppression System Update
We started writing about foam fire suppression events several years ago when we noticed trends relating to inadvertent foam fire suppression system activations affecting our clients. These false activations caused substantial aircraft damage at the outset. In the aftermath, they fostered highly disrupted hangar and flight operations for many private and charter aircraft operators as well as FBO and MRO businesses.
Top 10 Factors That Affect Aviation Insurance Premiums
The cost of aviation insurance, like all insurance, is driven by risk factors. The higher your risk of being involved in an incident, the higher your insurance premium will be. The good news for aircraft owners and operators is that there are steps you can take to show the underwriter reviewing your insurance application that you pose a lower risk. In doing so, you can “earn” a better insurance premium.
RedTail Flight Academy: Taking Action to Diversify the Sky
The RedTail Flight Academy is a charitable 501(c)(3) organization dedicated to “honoring the legacy of the Tuskegee Airmen by providing aviation opportunities for aspiring aviators of color.”
Sustainability Advances in the Aviation Industry
Aviation is both a vital industry and one that has a significant impact on the environment. Concerned parties—from government regulators to aviation companies to private citizens—are increasingly pushing for advances in sustainability.
Sustainable Practices in Claims Management
The processes for adjusting and managing aircraft insurance claims have not changed significantly in recent decades. Depending on the extent of the damage, most hull claims have typically involved an adjuster being on site within a few days of an accident to assess the damage and plan for necessary repairs. However, in a world in which we are increasingly time- and cost-sensitive, as well as environmentally conscious, change is afoot.
Urban Air Mobility Ground Infrastructure
When considering the challenges of realizing the goal of flying taxis and personal commuting aircraft, thoughts of airspace management, aircraft certification and operational safety may immediately spring to mind.
Don’t Get Shocked: Be Prepared for the Electric Aircraft Revolution
A shift to airplanes powered by electric motors via lithium-ion batteries is in motion. Just recently, a major aircraft engine manufacturer announced the first flight of its all-electric aircraft. As this next generation of aircraft becomes more common, claims professionals and other personnel in the aviation industry will need to become familiar with the unique challenges presented by electric aircraft.
Insurtech: Advancing the Industry Through Technology
InsureTech or InsurTech or insurtech—It seems the industry has not yet decided on the preferred spelling, but it is the latest insurance buzzword and similar in meaning to fintech. As fintech is shorthand for “financial technology,” insurtech refers to “insurance technology,” and its use is changing insurance operations for the better in three key areas.
Space Update: Risk Sharing in the New Space Era
The U.S. has big plans. It wants to send humans back to the moon and eventually further on to Mars. This starts with landing the first woman and first person of colour on the moon within the next few years.
Safety Update: The Case for Reconsidering Unpriced Exposures
When people think of aircraft insurance, what typically comes to mind is cover for accidents, hard landings and the like. In fact, most “technical” pricing of aircraft insurance uses only operational statistics and basic exposure data points (aircraft values, passenger numbers, etc.) to determine equitable premiums.
