Law of Aviation Insurance

3-day (13.5 hours) LIVE virtual classroom course

An essential must-have for any aviation professional that has an interest in insurance, this course offers you an overview of the law of aviation insurance and provides much-needed clarity on the clauses and policies that cover (war and non-war) hull, spares and liability risks in the London market. On completion of the course, you will be able to identify the various types of (war and non-war) insurance coverage available to aircraft operators in the London market, make informed decisions about which clauses/policies to purchase, evaluate the relevant legal and operational factors when interpreting them in cases of cover disputes and manage claims in compliance with the insurance program. You will critically examine a wide range of standard (Aviation Policy Clauses (AVNs) / Aviation Slip Clauses (AVSs) / London Standard Wording (LSWs) and tailor-made contracts/clauses available to aircraft operators and aircraft financiers, explain the process and the parties involved in purchasing (re)insurance cover and how to settle insurance claims in the London market. You will explore compulsory insurance requirements in several jurisdictions and review standard insurance certificates. This course offers a unique experience by blending the virtual classroom with self-study and Q&A sessions to ensure that you get the most out of the training.

Course code: LRC007VCEN02

Course format

• The live sessions of this virtual classroom course are delivered by an official IATA Instructor.
• The course will take you approximately 13.5 hours to complete and be held over 3 consecutive days.
• There will be 3 live interactive virtual classroom sessions per day, each session will be 90 minutes.
• The live sessions will require your participation, with multiple Q&A sessions and additional time spent on self-study material including projects, research, additional reading and videos.
• Student performance will be based on an assessment.

Technical requirements

Please verify your hardware, software and network to support your upcoming course with IATA Training.

Prerequisites

• Participants should have at least 3 years of experience in their related field.
• Recommended level is Intermediate and Advanced.
• The recommended level of language proficiency is ICAO Operational Level 4 for courses in English or the equivalent level for other languages.

How to register

• When you click the Register button, you will be directed to log in to your Training Account. Please have your login details ready.
• Register early and save up to 25% at our Training Centers! Please read the Terms and Conditions for the early bird discount. The discount will be calculated at the time of payment.

To arrange in-house training for your company: Complete the in-house training request form or contact the B2B Training Specialist in your region.

Virtual venues

We schedule our virtual classroom courses through one of 3 virtual venues, each in a different time zone for your convenience. For more information, please visit our page on virtual classroom timing or contact our Customer Portal.

Please check the exact schedule of each class below (View more details) and click ‘Register’.

Upon completing this course, you will be able to:

• Evaluate the broader insurance market and the role of aviation insurance within it
• Determine compliance with minimum insurance requirements
• Discuss the legal implications of the unique way of placing insurance risks in the London market
• Describe the legal implications of fronting
• Identify how courts interpret the various clauses of aviation insurance policies

The key topics that are covered during this course include:

• Compulsory aviation insurance
• Minimum aviation insurance requirements
• Participants in the aviation insurance market
• Insurance slips/MRCs
• Aircraft hull and liability risks
• Fronting
• Claims management
• Insurance consideration in aircraft/spares financing and leasing agreements

This course is recommended for:

• Aviation lawyers
• Insurance and risk managers
• Aviation underwriters and claim managers
• Airline in-house counsel
• Government officials in the air transport and insurance sectors

An IATA Certificate of Completion is awarded to participants obtaining a grade of 70% or higher on an assessment. A special distinction is awarded to participants obtaining a grade of 90% or higher.