Actuarial science

September 29, 2014 - 11:48am

The International Helicopter Safety Team (IHST) released two new safety bulletins last week focused on risk assessment and professionalism. The first, a flight/ground risk assessment tool (Frat/Grat), explains how a good Frat/Grat is intended to operate, and offers operators guidance for how to create their own. The second bulletin is called “Setting the Right Example: Flying Safely Even When No One Is Watching.”

 

September 2, 2014 - 4:05pm

Despite an estimated $535 million overage in aviation insurance claims this year stemming from the recent spate of foreign airline accidents (including two fatal crashes involving Malaysia Airlines Boeing 777s), Corporate Aviation Insurance Group president Matt Drummelsmith doesn’t expect any effect on insurance premiums for U.S.-based aircraft operators.

August 8, 2014 - 7:14am

In the wake of recent airliner losses, carriers are bracing for substantial increases in insurance premiums when the main renewals season starts on November 1. Insurers have already made massive payouts for hull losses following the disappearance of Malaysia Airlines flight MH370 en route to Beijing and the apparent shooting down of MH17 over eastern Ukraine. Other recent losses have included the crash of Air Algerie’s flight AH5017 in southern Mali and TransAsia Airways flight GE222 in Taiwan. Further unsettling the risk environment for air transport have been recent attacks on airports in Pakistan, Israel, Afghanistan and Libya.

July 24, 2014 - 12:27pm

The European Cockpit Association (ECA) has called for “intense scrutiny” of the air transport industry’s assessment of risks and the principles of flying over conflict zones in the wake of the July 17 loss of Malaysia Airlines Flight MH17.

June 1, 2014 - 6:00am

As the softness of the aviation insurance market continues to drive premiums down, aviation insurance underwriters, brokers and agents are struggling to make money. In fact, when asked how much lower premiums could fall before they hit bottom, Aviation Insurance Association (AIA) president Franklin Bass told AIN, “I thought we were there last year.”

April 8, 2014 - 3:00am

The Squadron’s new iFrat flight risk assessment tool for the iPad uses a color-coded risk scale and breaks down flights into five elements: planning, environment, assets, communications and event. Pilots record an assessment of each element, based on their flight experience and knowledge; iFrat then generates a simple pictorial report exportable via email. New FAA rules require helicopter EMS pilots to conduct a risk assessment before each flight.

February 27, 2014 - 1:48pm

Paul Ratté, insurance underwriter USAIG’s director of aviation safety programs and a former Coast Guard helicopter pilot and station commander, called for additional layers of organizational support for first-responder missions during his HAI safety challenge presentation here yesterday.

February 25, 2014 - 9:15pm

Aviation industry data provider Conklin & de Decker is celebrating its 30th year in business, and in honor of that milestone is offering special discounts on its products here at Heli-Expo. During the three days of the show, attendees visiting the company’s booth (No. 3002) can see live demonstrations of the company’s family of helicopter operating cost programs and life cycle budgeting tools.

February 25, 2014 - 5:45pm

Aviation industry data provider Conklin & de Decker is celebrating its 30th year in business, and in honor of that milestone is offering special discounts on its products here at Heli-Expo. During the three days of the show, attendees visiting the company’s booth (No. 3002) can see live demonstrations of the company’s family of helicopter operating cost programs and life cycle budgeting tools.

January 30, 2014 - 2:08pm

Last year marked another year of relatively soft rates in the general aviation insurance market, according to aviation insurance broker NationAir’s annual market analysis, released yesterday. “While the market conditions have remained the same for several years, the reasons for that soft market are changing,” noted company president Jeff Bauer.

Initially, increased market competition pushed rates down, he said. “Now, however, rates are being held down by the more long-term forces of structural overcapacity and, thankfully, favorable loss history.”

 
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