Clear Skies: A Review of Aviation Safety Best Practices and What to Look For in an Insurance Partner : Risk & Insurance

Clear Skies: A Review of Aviation Safety Best Practices and What to Look For in an Insurance Partner : Risk & Insurance

While current crew talent shortages are impacting aviation operations, the industry is still one of the most heavily regulated. Partnering with an insurer that understands can add tremendous value when managing risk.

White Paper SummaryClear Skies: A Review of Aviation Safety Best Practices and What to Look For in an Insurance Partner : Risk & Insurance

U.S. airlines transported an estimated 658 million passengers in 2021, according to the Bureau of Transportation Statistics. That number increased 30% year-over-year in 2022 as an estimated 853 million passengers soared through the bright blue skies.

Experts believe those numbers will only continue to climb post-pandemic, which is why reviewing and bolstering aviation safety practices is more important than ever.

“Keeping the skies safe is paramount,” said Peter Pogue, vice president, head of aviation claims, QBE North America.

“That starts with knowing the risks and actively addressing them. Another important factor in aviation safety is partnering with a knowledgeable insurer to effectively handle claims and identify and mitigate risks,” Pogue said.

While losses in aviation are infrequent compared to other forms of transport, when a crisis does occur, the severity of the loss and the negative publicity it attracts can be extremely damaging to a company’s business and reputation. One effective way to avoid losses of any kind is implementing safety best practices, which can be augmented depending on which insurance partner an aviation company works with.

Here’s a more in-depth look at recent risks impacting aviation, how to avoid loss through safety best practices and what a strong insurance partner looks like.

To learn more about QBE North America, please visit their website.

QBE North America is a global insurance leader focused on helping customers solve unique risks, so they can focus on their future. QBE operates out of 27 countries around the globe, with a presence in every key insurance market. QBE insurance companies are rated “A” (Excellent) by A.M. Best and “A+” by Standard & Poor’s.