With over 62% of airplanes grounded in April, the value of the top 10 insured airports has shifted, said Suki Basi, managing director, Russell Group speaking to AM Best TV.
ALPS Aerospace has been designed to meet the risk management needs of the following sub-classes
Major Risk Aviation
The insurance market defined major risk aviation in terms of airlines and cargo carriers, manufacturers, leasing companies and airports. ALPS integrates with market questionnaires and underlying fleet and schedule data to provide aggregation analysis and pricing at the aircraft level, including the ability to analyse scenarios involving multiple aircraft collisions, clash events involving multiple products liability claims, and peak ground exposure events.
Utilising the same data structure as the aviation market questionnaire ALPS is able to track aggregations for general aviation aircraft, including corporate jets, commercial general aviation and helicopter fleets.
ALPS Aerospace also supports reinsurers that underwrite a portfolio of space risks (including situations where acceptance is by consortium membership rather than reinsurance treaty). Utilising a separate space questionnaire, with additional tables for launch details, ALPS is able to provide analysis for launch vehicle exposures, in-orbit accumulation, and generic defect loss scenarios.
Download the factsheet click here
Tags: alps aerospace; risk aviation; risk management; reinsurance