Whether at industry conferences or at various trade shows, conventions, and fly-ins, colleagues and industry professionals agree that an urgent challenge facing the insurance industry today is how best to serve an aging pilot population. The issue is not unique to aviation insurance. Auto insurers, for example, assess higher premiums to drivers who are under 25 and over 60. The justification behind this approach — in certain contexts, backed by actuarial studies — is that reaction times often degrade as we get older, and experience is a key component for the younger end of the spectrum. From ..read more

As a leading provider of risk and insurance solutions for Urban Air Mobility (UAM) companies around the world, Global Aerospace has tended to publish articles focused on the risks and challenges associated with urban aviation. In this edition of Insights, the focus is squarely on the benefits these revolutionary aircraft services will bring as a new era of urban transportation is created. While the term “Mobility” in UAM generally refers to people, the technologies being developed will have significant applications for cargo, and observations in this article are relevant to those services, in ..read more

A Remote Tower Service (RTS) is a system that allows Air Traffic Control (ATC) and Flight Information Service (FIS) to be provided from a location away from the physical airport tower. An RTS must maintain a level of operational safety equivalent to that of a manned tower. The world’s first operational approval for routine provision of RTS was granted to the Swedish ANSP Luftfartsverket (LFV) by the Swedish Transport Agency in October 2014. Since then, several countries and regions have embraced RTS. For example, in the U.K., ATC at London City Airport is operated by NATS’ controllers, which a ..read more

In an era marked by increasing environmental consciousness and the imperative to mitigate climate change, the aviation industry finds itself in a rapidly evolving regulatory environment. Business aviation, in particular, has been subject to a wave of new policies and regulations focused on the environmental impact of the industry. Not only do existing schemes like CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation) and the European and United Kingdom Emissions Trading Schemes (EU and U.K. ETS) add new responsibilities to operating internationally, but there have been nu ..read more

Aviation around the world is experiencing a period of unprecedented safety. In the US alone, there has not been a mass-casualty plane crash since 2009. That statistic is even more impressive given that there have been many incidents in the last 15 years that could have resulted in significant injuries and loss of life. In the first week of January 2024, two potentially catastrophic events occurred. On January 2, an airliner and a twin turboprop collided on a runway at Haneda Airport in Tokyo. Tragically, five of the six crew on the turboprop died in the accident. Fortunately, all 367 passenge ..read more

Many industry observers predict 2024 to be a pivotal year for pioneers of electric vertical take-off and landing (eVTOL) vehicles seeking to create the Urban Air Mobility (UAM) market. With capital becoming harder to raise and the path to certification still challenging, consolidation might begin among the 500 or so companies aiming to bring electric aircraft services to fruition. At the same time, as some companies edge closer to beginning flight services, the question of exactly what the passenger experience will look like comes into sharper focus. Chief among the benefits targeted for pote ..read more

An ancient Greek philosopher observed that the only constant is change. That is particularly true in aviation. Our industry continues to evolve, and the pace of change today is breathtaking. However, we remain confidently ahead of the curve by anticipating and responding to the unique challenges and insurance needs of our clients worldwide. Forward Focused To reflect our ongoing commitment to assisting the aviation industry and empowering every person and organization to pursue their passion for flight, our branding has been updated. These exciting changes coordinate with our celebration of 1 ..read more

One of the ways Global Aerospace stays at the forefront of aviation and aerospace insurance is by continually engaging with the companies behind next-generation technological advancements. Based in Silicon Valley, Reliable Robotics is pushing the envelope on autonomy and automation in aviation. We were pleased to talk with Reliable Robotics Chief Business Officer Myles Goeller about the company’s innovative offerings and how new technology is affecting aviation generally. This article includes highlights from that conversation. Aviation has used forms of automation for decades now. Do you bel ..read more

It is no secret that claim costs in the aviation industry have been rising steadily and significantly in the past few years. There are many reasons for this uptick. Some of them include general economic inflation, which has led to considerable increases in consumer prices and interest rates worldwide. Additionally, supply chain issues have led to repair delays and increased expenses, while new technologies and more expensive materials in next-generation aircraft have contributed to higher repair costs. Furthermore, with respect to liability claims, the judicial environment, particularly in th ..read more

We are on the doorstep of the most profound industrial revolution in human history. The world is entering a new era of unprecedented economic activity marked by the transition from 60 years of space exploration to a future in which we extend our cities, communities, and factories into space. Humanity’s next chapter will be defined by unlocking the next great discoveries using new, commercial, on-orbit infrastructure just 250 miles above the Earth’s surface to harness the incredible potential of microgravity. One leading commercial space company, Sierra Space, has plans to build and operate mi ..read more