Airports

The rapid increase in innovation and digital transformation of airports has created more complex risk profiles and interdependent ecosystems. Marsh’s risk management and insurance programs help airport owners and operators manage today’s volatility and plan for the future.

The airport of today is focused beyond improving the passenger experience and operational efficiencies. It now encompasses smart security and green initiatives, while continuing to push for revenue growth.

Given the duration and impacts of the COVID-19 pandemic, airport owners and operators around the world are faced with unprecedented volatility. As the trajectory of the pandemic has been asymmetrical, it has been very difficult to accurately anticipate future developments and produce meaningful medium term financial forecasts. This ongoing volatility has resulted in an appropriate focus on organizational resiliency, operational excellence, and a critical review of annual operating expenses.

Protecting and unlocking new growth possibilities

Marsh has created a dedicated Airports Group to provide industry-leading thought leadership, data-driven insights, and actionable intelligence to our clients.

Our mission is to help you better manage current risks and anticipate emerging risks, objectively assess the impact of risk on your business, and contribute to the development of a risk management philosophy that is appropriate for and responsive to the airport sector’s new trading environment and the global risk landscape’s ongoing volatility.

By leading with a “risk before insurance approach in supporting airports worldwide, we take a holistic view to understand, manage, and mitigate your risks and leverage knowledge and experience from across Marsh McLennan's businesses.

You can rely on our sector expertise built on risk management leaders within the airport industry and our specialist airport hubs in every region.

300+

airport clients

40%

of the airports in the Top 20 Skytrax 2021 ranking choose Marsh

US$40

billion in airport construction projects

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FAQs

Although the ranking of the key risks and challenges for airports varies by region, owners and operators are consistently addressing ESG issues, the build out of automation and digitization programs, the optimization of airport infrastructure and capacity, physical and cyber safety and security, and strategic workforce planning.

COVID-19 has led to a fast track in innovation at airports and the necessity to adopt smart technologies in order to provide a safe and contactless environment for passengers and the wider airport community.

With this drive towards digitalization, airports have effectively changed their risk profile. Their greatest exposures have shifted away from physical terminal assets to a new world of digital assets and online risks. They need to ensure that they evolve their risk methodology and reassess their fitness for a post–COVID-19 digital era of travel.

Climate change has the potential to affect airports’ business through physical, transitional, and regulatory changes. Airports should prepare and respond by understanding and minimizing direct and indirect impacts associated with climate change, cost-effectively reducing energy and greenhouse gas emission levels, and meeting relevant regulatory requirements.

Possible mitigation strategies include carbon-offsetting, incentives for fuel-efficient aircraft or electric aircraft, sustainable water and waste management policies, and sustainable energy consumption policies.

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Robin Milan

Senior Vice President

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David Stark

Consulting Director & Practice Leader of Enterprise Risk Services

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Paul Westwater

Senior Vice President, Risk Advisory, Aviation & Space, Marsh Specialty