ABSTRACT

Insurers evaluate air transport safety by means of numbers related to losses of aircraft and fatalities, and the amount paid for these losses. In this paper an overview of the safety records and of the loss experience relevant to the last years is given, in terms of number of total losses and fatalities, hull and liabilities losses for western-built jet, along with average per passenger liability settlement. Forecasts for the future growth in number of jet airlines and air traffic are considered with concern by insurers because should accident rate trends remain stable, like it has been during the last ten years, the aviation industry loss experience could result in a gradual deterioration.

The possibilities to improve flight safety, and then to reduce the accident and loss rates, are examined in this paper, with a particular focus on the role of insurers in the aviation industry environment and on the contribution they can provide to this hard goal.