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There currently are three broad different types of aviation insurance companies in the world.


  • The first form of insurance is where carriers pool their resources so as to provide coverage.

  • The second form of aviation insurance is where specific individual insurers provide the coverage directly on their own forms and policies.

  • Finally, there are Lloyd's of London correspondents that offer coverages and policies which are akin to the pooling type of carriers.



You can find five broad sectors available that typically purchase aircraft/aviation insurance.



  2. General aviation covers all aviation with the exception the airlines. As far as phone numbers go general aviation probably has the most planes which can be insured.
  3. Airlines whether they are national carriers or regional carriers or private carriers make up the majority of the insurance buyers whose premiums are unequivocally the greatest as respect to the length of premiums.
  4. The distribution channels of aircraft, from manufacturers to distributors to wholesalers and lastly retailers also are purchasers of aviation insurance.
  5. Airports purchase aviation insurance and there are actually two basic types.



  • The commercial airport which deals with airlines, and the

  • Fixed base operators that primarily overcome general aviation planes together with pilots.



Aviation insurance is unique in several ways but just about the most specific uniqueness is that most claims are generally catastrophic in nature not minimal losses or damages. Loss of life, loss of the aircraft and decrease of revenue is enormous when there is an aircraft catastrophe.

Aircraft policies are akin to ocean marine policies. Typically aircraft liability and property policies have limitations regarding pilot experience, types involving aircraft, types of cargo aboard, and the geographical destinations all arriving at play in aircraft insurance contracts.

The underwriting with regard to aircraft insurance has its own unique characteristics. Some with the typical areas of concern for any underwriters which goes in the underwriting process are that of:


  • Start experience, specifically the hours they've already flown and which aircraft they have flown in. The vast majority associated with commercial airline pilots has usually show up through the military ranks and possesses the required hours that are needed in order to fly commercial airlines. On the general aviation side which are not the case. Recreational pilots tend to be the norm.

  • The species of aircraft that is being flown and also the

  • Purposes in the flights are an significant underwriting concern.

  • As in all policies underwriters are worried with past claims and losses or potential for losses.

  • Currently one of the primary concerns in aviation chance management underwriting is based on the flight path of the aviator and its aircraft. There are many hotspots on the globe with terrorist activities, panic room makes, global unrest and so on. Flying in known geographical areas where there is war or rumors with war and unrest can be considered very high risk with an underwriting standpoint.



The premiums inside aviation industry typically fluctuate with catastrophic events. After the 9/11 terrorist attack in New york, the aircraft insurance premiums skyrocketed, and compounding this was the issue of flying by the public which caused revenues to travel down for the airline industry. Airline premiums are definitely of a feast or famine form of cycle versus steady increases or steady declines. Pilot Handbook, Pilot Manual