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 |
While the impact of Brexit remains uncertain, here we examine areas of the UK’s Aviation and Aerospace industry that may be affected and should be considered.
The unmanned aerial systems industry’s development is underpinned by the insurance market’s willingness to provide cover for deploying the technology.
Demand for air travel is predicted to double in the next ten years. Innovative and cost effective insurance programmes will play a fundamental role in providing aviation and aerospace the confidence they need to invest in, and grow their businesses.
Working with Marsh's UK Aviation & Aerospace team enables you to gain access to powerful resources, including our industry intelligence, analytics, risk placement, claims handling, and risk consulting capabilities. All this expertise strengthens our negotiating position when obtaining the pricing and cover for your risk and insurance requirements.
Marsh’s aviation team provides risk and insurance solutions to all sectors of the aviation industry including:
In addition to our core sector cover we also offer aviation solutions for:
Aviation Employee Benefits
Marsh provides employee benefits specifically tailored to the aviation industry. Marsh’s aviation employee benefits cover “Epsilon” comprises a range of insurance solutions including: Personal accident insurance, emergency medical expenses, loss of licence insurance, and term life insurance. Read more.
Leasing or financing aircraft and engines creates a multitude of risks. Our lease/finance facility is specifically designed to fit the needs of the aviation industry and gives you the flexibility to choose from a menu of available coverages. We also give you the expertise of a broker that handles many of the world’s largest contingent aviation risk portfolios. Read more
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)
It is impossible to predict where a loss might come from; therefore it is critical that your insurance cover is as broad as possible. Discovering an uninsured exposure by experiencing a loss is not a position anyone wants to be in.
Marsh’s specialist policy wordings team helps you to make your coverage as broad as possible for your given exposures. By bringing our expertise to your insurance programme, we can deliver:
Read more about: Aviation Coverage (PDF)
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)