Some of these topics are also explored in the following virtual classroom course:

Did you know that in the past 3 years, 250 participants from 75 countries have taken this course with IATA?

About

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 is available at IATA Training Centers and Regional Training Partner locations, and on-demand as in-house training.

Course code: TALL-07

Course format

• This classroom course provides 3 days (24 hours) of instruction delivered by an official IATA Instructor.
• Student performance will be based on an assessment

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

• 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.
• To arrange in-house training for your company: Complete the in-house training request form or contact the salesperson in your region.

What you will learn

On completion of 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 reinsurance/fronting
• Identify how courts interpret the various clauses of aviation insurance policies

Course content

• Compulsory aviation insurance in the EU and UK
• Aviation insurance types
  • Hull
  • Cargo
  • Products liability
  • Loss of license
  • Airport operations liability
  • War and hijacking
• Aircraft hull and liability risks
• Reinsurance
• Claims management
• Insurance consideration in aircraft finance
• Aircraft/spares financing and leasing agreements

Activities

• Practical exercises
• Case studies

Who should attend

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

Certificate awarded

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.