AON Survey Reveals Risks in the Skies
A survey conducted by the London-based unit of AON revealed that aircraft accidents, property damage, war, and terrorism top the airlines’ list of the most critical risk management issues they face. More than 45 of the world’s leading airlines listed these risks as significant while also listing premium cost as the key insurance industry issue in an AON “Airline Risk Management Survey” released today.
In addition, airlines identified environmental pollution, followed by computer crime, as the risk they are most likely to purchase coverage for over the next three years. Business Interruption risks took the third spot in this year’s survey.
“This is a fascinating snapshot of how airlines’ perception of risk is changing year-on-year,” said Steven Doyle, manager, aviation practice group at AON Ltd., in a statement. “The survey shows how issues such as the environmental debate and fears about cyber crime affect the aviation industry and its insurance markets.”
Published on June 6, 2007
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