Aviation & Space Underwriting Essentials

Aviation & Space Underwriting Essentials

A practical guide to underwriting aircraft hull and liability, the aviation market, war risks, space insurance and the regulatory framework

A comprehensive guide to one of the most international and high-value classes in insurance: understanding how aircraft, their operation, and the liabilities they create are insured, priced, and managed. This guide follows the class from the aviation and space market and its structure, through the individual covers and their rating factors, to the exclusions, conditions, war arrangements and legal framework that hold it all together. Written in clear, professional language with worked examples and practical takeaways throughout, it is designed for underwriters, pricing actuaries, exposure professionals, and aviation insurance professionals, with a focus on the London market and international convention law.

44 pages · 8 parts · glossary included

What’s covered:

1. The Aviation and Space Insurance Market
2. Aircraft Hull Insurance
3. Third Party, Passenger and Cargo Liability
4. General Policy Exclusions and Conditions
5. War Risks and Allied Perils
6. Underwriting and Rating the Risk
7. Space Insurance
8. The Legal and Regulatory Framework

Includes a full glossary of 44 key terms and industry clauses, from agreed value and AVN48B to MTOM and the 50/50 clause. Each part features clear explanations, worked examples such as the third party cost-sharing calculation and the four phases of a satellite’s life, and highlighted Tips, Key Takeaways, and Important callout boxes to reinforce the concepts that matter most.