Aviation

Aviation companies are exposed to a wide variety of risk, ranging from the high volume, low severity risks of baggage and/or cargo claims, through to catastrophe exposure. With their inherently large distribution of assets and data, consolidation of information for analysis is key.

With more underwriters entering the aviation sector, the ability for companies to distinguish themselves and present their risk data in a concise and informative way becomes increasingly important. Demonstrating that their risks are understood and losses are reported and well managed will help ensure the best rates are achieved.

Benefits 

• streamline the administration of all lines of business, including passenger and baggage liability claims, cargo claims and hull liability claims
• quick and efficient notification of incidents via the internet, enabling cargo, flight attendant, safety and security departments to report and act upon events that may impact passenger safety
• improve risk analysis through developing and maintaining a comprehensive database of incident, loss and exposure data
• proactive risk management with automatic alerts generated based on user-defined criteria
• identify weak internal hubs and problems routes for shipments, enabling planning for preventative measures
• improve client confidence that cargo will arrive safely at its destination by demonstrating improvements and proactivity
• track movables/spare parts for both aviation and non-aviation
• gain improved event management for a complete overview of major losses
• track ‘out of service’ aircraft and uninsured loss costs
• monitor registration and/or serial numbers of leased aircraft, allowing exact tie-down of incidents