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 classroom course provides 3 days (24 hours) of instruction delivered by an official IATA Instructor.
Student performance will be based on an assessment
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
To attend a class scheduled at one of our training centers: Register early and save up to 20%! Please read the Terms for the early bird discount. The discount will be calculated at the time of payment.
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 reinsurance/fronting
Identify how courts interpret the various clauses of aviation insurance policies
Compulsory aviation insurance in the EU and UK
Aviation insurance types
Loss of license
Airport operations liability
War and hijacking
Aircraft hull and liability risks
Insurance consideration in aircraft finance
Aircraft/spares financing and leasing agreements
Who should attend
This course is recommended for:
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 all exercises and exams. A special distinction is awarded to participants obtaining a grade of 90% or higher.
This course is a step toward earning an IATA Diploma in: