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Asian News - Asia Aviation Risks Summit to take place in February during Singapore Airshow

Source: Asia Insurance Review | Jan 2016

Air traffic is soaring and expected to reach 16 billion passenger flights and 400 million tonnes of cargo by 2050. Aviation stakeholders will be able to get insights on the risks and rewards of the industry at the Asia Aviation Risks Summit from 15-16 February 2016. Held in partnership with the Singapore Airshow, the Summit will examine the challenges of a sector which has seen several high-profile accidents in the past two years even as it reached revenues of US$727 billion in 2015.
   Organised by Asia Insurance Review, the Summit will feature speakers from airlines, aviation associations, analysts, lawyers and insurance experts. Besides aviation insurance issues, it will also discuss trends and new operational challenges in air travel, such as cyber threats and air traffic over conflict zones.
   With hull & liability market premiums in 2014 recorded at $1,448.32 million, insurers, risk managers and aviation industry stakeholders need to seize opportunities to maximise profits and cut losses in a sustainable manner. The increasingly crowded skies mean that the risks of air incidents will increase, as competition heats up. Add to this the recent severe fluctuations in oil prices that benefitted many airlines, and the aviation world can be a rough or exhilarating ride, or both, depending on how prepared one is to weather the changes.
   A limited number of free passes to the Singapore Airshow on 17 February 2015 will be available on a first-come, first-serve basis.
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