With over 62% of airplanes grounded in April, the value of the top 10 insured airports has shifted, said Suki Basi, managing director, Russell Group speaking to AM Best TV.
Aviation Risks: Thinking Outside the Black Box
The Lloyd’s of London Aviation Realistic Disaster Scenario is well known. Underwriters understand the risk here and have made the correct risk management or reinsurance provisions to reduce their exposures.
What about other aviation risk scenarios though? Increasing business interruption risks, new technologies such as composite materials, human factors, increasing cockpit automation and information, growing demand for air travel, pilot training, and pilot lapses and automation are all major causes for concern.
Thinking outside the “Black Box” we then turn to cyber risks and drone perils and scenarios in this thought provoking article!