HAI’s Sep. 24, 2020, [email protected] webinar topic was “Maintaining Insurability in a Challenging Market.” Joining HAI President and CEO, James Viola, was a panel of senior industry experts: Kevin Kovarik, Senior Vice President, Underwriting, Rotary Wing Business Line Manager, Regional Supervisor, United States Aircraft Insurance Group (USAIG); Joel Heining, Sales Executive-Broker, Assured Partners Aerospace; David Watkins Regional Head of General Aviation – North America, Allianz; and Collin Bruno, Senior Vice President, Senior Underwriting Manager, Global Aerospace. Each of them shared their perspectives on factors that affect insurance rates across the spectrum of our industry, and then responded to questions from the attendees.
Among the points covered during the Q&A following the webinar were why insurers are so reluctant to provide a formalized discount or benefit to operators who achieve accreditation such as APSA, TOPS, HAI, and CAMTS; why sim training is always assumed to be the prescription for maintaining safety margins; how large a policy has to be before multiple underwriters/firms need to share the risk in the current market; how these factors affect renewal times; and much more.