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The aviation and aerospace industries are constantly transforming. Marsh understands this and can help you navigate the risk-related challenges you face.
Placing over US$1.5 billion in premium each year | Combined market capacity of over US$3.5 billion | Working with 80+ insurers and 1,450+ clients |
The unmanned aerial systems industry’s development is underpinned by the insurance market’s willingness to provide cover for deploying the technology.
New equipment and technologies, geopolitical issues, new global opportunities and, increasingly, new potential liabilities are all evolving rapidly in the aviation and aerospace industries; Marsh can help you manage today’s risks and also anticipate tomorrow’s.
Marsh’s global team of aviation and aerospace insurance specialists have been serving these industries for decades. The depth of this experience allows us to fully understand your challenges and enables us to deliver innovative solutions that are tailored to your needs.
With Marsh, you gain access to powerful resources, including our industry-leading intelligence, analytics, risk placement, claims handling, and risk consulting capabilities. All this expertise makes it possible for us to negotiate the best pricing and cover for your company’s risk and insurance requirements.
For these reasons, many clients, large and small, choose Marsh to assist in reducing their total cost of risk, thus freeing up their capital to invest more strategically. As evidence of the value we provide to our clients, we are broker to a large number of the world’s leading airlines, manufacturers, airports, general aviation operators, and space-related risks.
Whether market conditions are hard or soft, your broker should be as creative as possible in seeking to maximise underwriter competition in order to obtain competitive rates and great terms on your behalf.
Marsh’s Aviation & Aerospace Practice has created a suite of placement facilities to cater for the needs of the aviation industry. Each facility has its own distinct purpose and offers its own specific benefits. These are:
Read more about: Pre Secured Capacity [PDF]
By helping you to analyse the operational, financial, and managerial risks in your balance sheet our aviation risk consulting specialists can support you in reducing your reliance on insurance by improving risk management processes. Areas of risk that need to be protected include:
Marsh Risk Consulting’s costs can often be covered by a risk management bursary on your insurance policies.
Read more about: Aviation Risk Management [PDF]
Marsh has more than 50 aerospace specialists based around the world who work with hundreds of clients, including:
We are recognised as the clear market leader in the aerospace sector, and we represent more than a 50% market share of the world’s top 50 aerospace manufacturers in terms of revenue*. Therefore, choosing Marsh gives our clients access to by far the largest overall global trading relationship with aerospace insurance underwriters. Furthermore, our clients benefit from our unrivalled experience and expertise in dealing with the needs of this specialised industry.
In addition, we have developed a suite of exclusive aerospace facilities, including MARS and Galaxy for the majority of aerospace business, the Banks Facility for financial institutions, and the Concessionaires Programme for companies working at airports on a temporary basis. These provide you with broad coverage and highly-competitive premiums. Our facilities allow us to quote and bind liability limits of up to US$1billion extremely quickly across a broad spectrum of industry exposures.
* Based on annual revenue statistics from Flight International.
Well-worded indemnity and insurance provisions can be critical in limiting, and where possible, transferring your exposures. Without the right contractual advice, you could expose your organisation unnecessarily to risk.
Our contract advisory team can provide:
Read more about: Aviation Contractual Advice [PDF]
Having your claims paid quickly is the fundamental reason you buy insurance; managing the claim is one of the most important aspects of the service that a broker can provide. Our aviation claims team, which is one of the largest in the world, can assist you in a number of ways, including:
Read more about: Aviation Claims [PDF]