aviation FR

aviation UK

The aviation industry is showing a rapid and sustained overall growth trend. Constant efforts by carriers to improve safety, allied with tighter regulations, have led to fewer losses since 2001. Today, while accident prevention measures continue and are intensified, society as a whole has higher expectations in case of a disaster. As a result, every stakeholder in the aviation business requires even more reliable support from their insurer.

Key facts and figures :

• 2009 global aviation portfolio gross written premiums : € 216 million
• 11.5% of AXA Corporate Solutions’ 2009 turnover
• 7% share of 2009 worldwide aviation insurance income
• Underwriting capacity of US$ 180 million
• 60% of portfolio written as leading underwriter
• Worldwide scope of operations through a team of nearly 80 people located in five hubs : France, Germany, Italy, Switzerland and USA
• Providing cover for 90% of airlines and 70% of aircraft manufacturers worldwide

Strategy :

AXA Corporate Solutions targets clients from all major sectors of the aviation industry. Its large range of products and services is therefore both very global and extremely fine-tuned to match the specific needs of each of its clients’ segments.

Assets :

• AA financial rating
• A technical approach promoting fair pricing
• A highly specific approach to claims management

AXA Group’s AA financial rating by Standard & Poor’s gives AXA Corporate Solutions’ aviation clients a twofold guarantee of financial strength and sustainable business partnerships. In this way, AXA Corporate Solutions can respond to its clients’ specific demands.

Furthermore, its lead underwriting position for over half of its portfolio demonstrates the market approval for the reliability of its quotations and claims management.

AXA Corporate Solutions’ long-term expertise and broad customer range enables it to pool highly volatile risks and thus offer fair pricing. Thanks to the close co-operation between its multilingual teams of specialists and its clients, AXA Corporate Solutions has developed a specific approach to claims management based on open dialogue and real partnership.

Solutions :

Thanks to its widely recognized specialized teams of experts, AXA Corporate Solutions offers a full range of hull and liability covers for :

• Airlines
• Aircraft manufacturers and their sub-contractors for product liability cover
• Airports and air service providers
• General aviation customers, ie., corporate jets, helicopters, private aircraft, etc.

Its 60-year experience in worldwide aviation insurance and its 80 experts located in five underwriting hubs position AXA Corporate Solutions among the top players in this market.

In France, for example, AXA Corporate Solutions has been committing itself since 2007 to providing ad hoc support to airlines in case of emergency by rolling out a dedicated crisis unit, including a call centre, medical care, psychological support to victims and their families, and aid in rebuilding lives. In 2009, AXA Corporate Solutions proved its efficiency in emergency situations and claims management with worldwide reach.