Tag Archives : Aviation

Overview of Aviation Risks

Aviation Risks may be categorised in four categories; operations, strategic, compliance and financial.
Operations risks comprise of risks incurred by the organisation’s day to day activities, and as such they involve people, systems and processes. Normally, like in other industries, these risks are mitigated by internal senior and middle management. Amongst the most typical operations risks within the airline industry we find hazardous activities affecting safety, inadequate financial processes leading to inefficient control and inadequate IT back up systems leading to loss of information. Continue reading

Swiss Re Corporate Solutions wins FERMA award

Swiss Re Corporate Solutions received FERMA’s first ever product innovation award, launched at the 2011 Risk Management Forum, for its non-damage business interruption cover that allows the aviation industry to mitigate risks associated with unexpected natural events, such as volcanic ash cloud. Continue reading