Overview
Aviation insurance is a highly specialised area of insurance designed to address the complex risks associated with aircraft operations, aviation infrastructure, and aviation-related liabilities. The aviation sector involves significant exposures ranging from aircraft damage and cargo losses to passenger liability and operational risks.
This course provides practical insights into the principles and structure of aviation insurance, including the types of aviation risks, policy coverage considerations, and the role of aviation insurance in protecting aviation stakeholders.
Participants will develop a clearer understanding of how aviation insurance operates, the key coverage components involved, and the underwriting considerations associated with aviation-related exposures.
Who Should Enrol
This course is designed for professionals involved in specialised commercial insurance lines, including:
- Insurance underwriters handling aviation and transport risks
- Insurance brokers and intermediaries serving aviation clients
- Insurance agents involved in commercial and specialised insurance distribution
- Claims professionals dealing with aviation-related losses
- Risk and insurance professionals working with aviation exposures
- Professionals seeking to expand their expertise in specialised insurance markets
What You Will Learn
Participants will gain practical knowledge and understanding of:
- The structure and role of aviation insurance in risk management
- Key aviation risks associated with aircraft operations and aviation services
- Types of aviation insurance policies and coverage components
- Liability considerations in aviation insurance
- Underwriting factors influencing aviation insurance risks
- Best practices in managing aviation insurance exposures
Learning Pathway
This course forms part of the IIEA E-Academy Learning Pathway Framework™ for Advanced Insurance Professionals, designed to strengthen technical expertise across specialised areas of insurance practice.
Certification
Participants who successfully complete the course requirements will receive a Certificate of Achievement recognising their successful completion of the programme.
This course complements other specialised technical insurance programmes such as:
- Marine Underwriting Management
- Engineering Insurance Fundamentals
- Industrial All Risk Insurance (IAR)
and helps build expertise in complex and specialised commercial insurance risks.
Download BrochureLearning Outcomes
On completion of this course, you should be able to:
- Know the main elements of aviation risk;
- Understand the main international and national measures impacting on aviation risk;
- Understand the scope of cover under the main and related classes of aviation insurance;
- Understand the market practices of aviation insurance;
- Understand risk assessment and underwriting of aviation insurance;
- Understand claims investigation, handling and settlement procedures in aviation insurance; and
- Understand key aspects of space insurance.
Course Outline
- 1.1: Learning Objectives
- 2.1: Aircraft
- 2.2: Types of Aviation Risks
- 2.3: Measures taken to Prevent and Reduce Air Casualties
- 2.4: Risk Improvements in Global Air Navigation
- 3.1: Aircraft Legislation
- 3.2: International Conventions, Protocols and Agreements
- 3.3: UK/EU/USA Legislative Systems
- 3.4: Legal and Litigation Issues in the US
- 3.5: Roles and Responsibilities of Government Agencies
- 4.1: Main Aviation Cover
- 4.2: Related Classes
- 5.1: Specific Aviation Reinsurance Considerations
- 5.2: Market Practice
- 5.3: Underwriting
- 6.1: Investigating Parties, Handling and Settlement
- 6.2: Survey Report and Other Documents Required
- 6.3: Application of Aviation Clauses Cover and Policy Exclusions
- 6.4: Claim Repudiation and the Ombudsman for Financial Services
- 7.1: The Satellite and Space Industry
- 7.2: Launching and In-Orbit Operations
- 7.3: Space Insurance Coverage
- 7.4: Underwriting Factors and Considerations
- 7.5: Claims Handling Procedure
