Asian Aviation Risk, Liabilities & Insurance (co-organised with Singapore College of Insurance)

Course details

This course covers the essential elements of the main aviation insurance policies: Aviation Hull and Liability and Aviation Hull War and Terrorism. The policy wordings, underwriting considerations, risk management considerations, claims investigation, handling and settlement process in aviation insurance and interpretation of aviation insurance contracts in the international courts will be highlighted.

These lectures will be supplemented by industry sharing on the '101 of Aviation Business' which includes: overview of the different types of aircraft and their respective risk characteristics and the operational risks involved.

OUTLINE

• Overview of Aviation Insurance Market

                     - Airlines

                     - General aviation 

• General Insurance Principle Applicable to Aviation Insurance
• Main Types of Aviation Insurance Cover

                      - Hull and liability

                      - War and terrorism

• Underwriting Considerations in Aviation Insurance
• Risk Management Measures in Aviation Insurance - Air Safety
•  Market Practices in Aviation Insurance
•  Key Considerations in Risk Management
• Detailed study of Policy Wordings of Key Aviation Insurance Covers

                        - Interpretation of aviation insurance contracts, air law

•  An Aviation Loss Adjuster's Perspective on Claims Handling, Investigation and Settlement
•  Operational Risk Aspects of Aviation Insurance

                        -  Perspectives on flight safety; key risks associated with airline operation and general aviation

                        -  Risk characteristics of the main types of aircrafts, i.e. fixed wing; rotary wing

                        -  A brief look at space insurance

• Site Visits (TBC)

                        - Air traffic control simulator

                        - Flight training simulator

WHO SHOULD ATTEND

Underwriters, claims practitioners and brokers who wish to gain a sound fundamental knowledge of Aviation Hull and Liability Insurance, and Aviation Hull War and Terrorism Insurance.