Introduction
This one-day course provides essential insights into the fundamental aspects of aircraft leasing and the critical role of insurance. It covers key terms and definitions, the importance of insurance in aviation, and strategies to mitigate risks and manage claims efficiently.
The attendees will gain valuable insights into cost-benefit analysis for aviation insurance, and address common questions regarding certificates of insurance in aircraft leasing. The course will also cover the fundamentals of insurance risk management, particularly focusing on aircraft hull insurance exposure and leaseholder obligations.
Who is the Course For?
This course is ideal for aviation professionals, including leaseholders, insurers, and risk managers, who need to deepen their understanding of aircraft leasing and insurance considerations. It’s also suitable for those involved in financial and operational aspects of aviation who seek to optimize their risk management practices.
What is the Benefit of this Training – What Will I Learn?
a) Get to grips with the essential aircraft insurance coverage requirements and regulatory obligations, ensuring you comply with Regulation (EC) No 785/2004.
b) Build your skills in managing insurance risks, particularly focusing on aircraft hull insurance exposure and the responsibilities of leaseholders.
c) Learn how to perform cost-benefit analyses for aviation insurance, helping you make well-informed financial decisions.
d) Master the process of determining the value of a commercial aircraft for insurance purposes.
e) Discover strategies to seamlessly integrate aircraft insurance with maintenance reserves, boosting overall operational efficiency within aviation organizations.
Detailed Content / Topics – The Following Subjects Will Be Addressed:
Introduction to Aircraft Insurance Fundamentals
Key Terms and Definitions
Minimum Aircraft Insurance Coverage Requirements and Lessor Naming Requirements
Air Carrier Insurance Regulatory Obligations, Challenges, and Best Practices of Regulation (EC) No 785/2004
Aviation Insurance Cost Benefit Analysis
Frequently Asked Questions (FAQ) – Certificates of Insurance in Aircraft Leasing
Fundamentals of Insurance Risk Management – Aircraft Hull Insurance Exposure and Leaseholder Obligations
Aircraft Lease Operations – Integrating Aircraft Insurance and Maintenance Reserves
Determining the Value of a Commercial Aircraft for Insurance Purposes – Example Airbus A320
Aircraft Hull Insurance – Adjusting Policies for Evolving Risks,
Market Trends and Premium Adjustments
Driving Aviation Organisation Operational Efficiency and Insurance Optimization
Target Groups
This course is aimed at all aviation professionals, including leaseholders, insurers, and risk managers.
Learning Objectives
By the end of this training, participants will understand the fundamentals and key terms of aircraft insurance. They will learn to navigate coverage requirements and comply with Regulation (EC) No 785/2004. The course covers conducting cost-benefit analyses, addressing common insurance questions, and managing risks related to aircraft hull insurance and leaseholder obligations. Attendees will also learn to integrate insurance with maintenance reserves, determine aircraft value for insurance, and adjust policies for evolving risks, optimizing organizational efficiency.
Certificates Wording
“Aircraft Leaseholder & Maintenance Reserve Insurance Considerations, Key Terms and Definitions, Aviation Insurance Fundamentals, Liability Insurance Types, Legal Requirements, War Risk Insurance, Risk Management Strategies, Claims Handling, Financial Implications, Coordination with Maintenance Reserves, Contractual Obligations, Operational Efficiency.”
What do People Say About Sofema Aviation Services Training?
“The instructor used the right words to explain the material.”
“The discussions among the group were very beneficial.”
“The instructor showed a very resourceful background and experience.”
“All sections of the course were related to my field.”
“Adequate answers were given to specific questions.”
Duration
1 Day – The training day will start at 09.00 and finish at 17.00 with appropriate refreshment breaks.
Registration
To register for this training, please email team@sassofia.com or call +359 28210806.
