Aviation policies are placed on a quota share basis. Quite simply this means that various insurance markets each take a small percentage of your risk. It is critical to have the correct leader for your policy, as they will generally dictate the terms & conditions that are then negotiated with following insurers.
Another option is to approach international (re)insurance brokers to provide a conceptual proposal for your operation. This can either be structured, around, price, coverage or a mix of different components.
This can be achieved with sourcing of actual quotes, or where capacity is limited on a "conceptual" basis based upon the experience of the broker with similar risks.
Many of the world's largest airlines are placed on a reinsurance basis, whereby a local insurer in a specific country issues a policy for 100% and is then reinsured into the international markets who bare the burden of the risk.
We can bypass the local insurers and help you undertake your tender directly into the reinsurance market to stre
Many of the world's largest airlines are placed on a reinsurance basis, whereby a local insurer in a specific country issues a policy for 100% and is then reinsured into the international markets who bare the burden of the risk.
We can bypass the local insurers and help you undertake your tender directly into the reinsurance market to streamline the process and eliminate any unnecessary intermediaries.
It is good practice for airlines, operators & corporations in general to ensure that their suppliers and partners are providing cost efficient, competitive and value for money services. This is especially true for an intangible product such as aviation insurance.
We can assist you in preparing, designing & executing your insurance & reinsurance tender.
There are various options available and we will assist you at every step through the process.
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