Page 3 - Airlines-Your Risk Profile
P. 3

Airlines: Trends and risk solutions

7 billion                     Operational and strategic risks
                              ƒƒHull, liabilities and spares
Air passengers to be
transported by 2034,          ƒƒHull war, terrorism and
double the forecasted
passenger numbers in 2015        political violence
2015 IATA forecast
                              ƒƒPersonal accident, loss of licence
US$ 2 trillion
                              ƒƒCyber incident prevention
The potential cost of data
breaches globally by 2019        and mitigation
2016 PWC Report
                              ƒƒReputational risk protection and

                                 crisis management

                              ƒƒBusiness interruption and supply

                                 chain disruption

                              ƒƒWeather index solutions

                              ƒƒKidnap and ransom insurance

21%                           Board, financial and
                              regulatory risks
of airline operating costs    ƒƒAlternative Risk Transfer
are forecasted to be fuel
related: price volatility is     (ART) services
a huge risk
2016 IATA                     ƒƒEnvironmental liability protection

By 2020                       ƒƒCaptive advisory and management

GE Aviation plans to 3D       ƒƒDirectors’ and officers’ insurance
print more than 100,000
aircraft parts                ƒƒCredit risk solutions
2015 GE Global Research
                              ƒƒLoyalty programme solutions,

                                 including advisory and
                                 actuarial support

                              ƒƒMerger and acquisition services

                              ƒƒCrime insurance

                              ƒƒProfessional indemnity insurance

                              ƒƒPolitical risk insurance
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