Overview
A trusted partner
Globally, we have dedicated ourselves to meeting the insurance and risk management needs of airlines, airports, general aviation and other associated activities. Together, AIG Aviation teams around the world insure 80% of the world’s major airlines, airports and manufacturers, along with over 5,000 aircraft each year.
Risk Management & Loss Control
AIG has a global network of over 500 engineers as well as a specialist safety and risk management control team. We work with our clients to ensure they have a solid foundation on which to build their own safety programmes, and improve operational risk within their business.
Local knowledge, global experience
Our specialist Singapore-based underwriters have local decision-making authority and are supported by our highly experienced global aviation team and worldwide network.
Claims commitment
We have experienced local claims representatives across the world to give immediate support quickly. Protecting our clients’ name, reputation and their customer base are our focus, working quickly and efficiently towards a comprehensive and innovative solution.
Who is it for?
Airlines, general aviation companies, airports, aerospace product manufacturers and distributors, and aerospace facilities of all types.
What is covered?
Our expertise and experience means we are able to provide specific insurance solutions to address virtually any aviation-related risk. We help our clients manage the financial impact of their losses, using the most cost efficient policies whilst also maintaining the security of the hull of the aircraft.
Aircraft Hull & Liability
- Hull physical loss or damage
- Spares
- Passenger & third party legal liability
- Passenger baggage liability
- Cargo legal liability
Hull Deductible
We offer a broad range of products in addition to the traditional deductible coverage on offer:
- Excess aggregate protection
- Multi-year policies
- Non-traditional and blended risk transfer products
- Deductible insurance options including mechanical breakdown and engine lease-in insurance
- Captive reinsurance and co-insurance programmes
Our insurance policies are taken up by airframe, engine and component manufacturers, air traffic control providers, local and major airport operators, ground handlers, security providers and the service companies working at the airports.
Product Liability
- Legal liability of manufacturers of airframes and engines as well as suppliers of minor components.
- Grounding and working parties liability.
- Hull and liability cover for the aircraft component parts in their care and custody.
Airport Owners and Operators Liability
- We design programmes to protect the individual airport operator’s specific risks.
- The airport operator’s responsibilities may be limited to the premises exposure or it may cover every aspect of the operation.
Maintenance Repair and Overhaul Facilities
- We cover the facility’s premises, hangar keepers and products exposures either individually or in one policy.
Service Providers
- All policies include third party liability arising from the use of motor vehicles whilst airside.
We provide aerospace insurance cover for corporate aircraft owners and operations and both onshore and offshore helicopter operators. In the commercial operators' arena, we underwrite scheduled, charter and air taxi operators of jet and turboprop aircraft. Our helicopter coverage extends to corporate and private operations as well as the commercial carriage of passengers and cargo.
Please note that we do not cover gliders, ultralight aircraft, model aircraft or balloons.