Aviation Insurance
Bayani Gaba-gaba
An aircraft is one of the most expensive machines a business can own, it carries hundreds of lives at once, and it can fall on a city it has never visited. No single insurer in Nigeria, or anywhere else, could pay for all of that alone. Aviation insurance is the answer the market built: a bundle of covers that protects the aircraft, its passengers and everyone on the ground, backed by pools and reinsurers who spread one catastrophe across the whole world.
In this lesson you will meet the three covers at the heart of every aviation programme, learn the risks that make this class unlike any other, see how the Chicago and Montreal Conventions and Nigerian law shape what an airline must buy before it may fly, and understand exactly why these risks are almost always reinsured or placed with a pool. You will work through the calculations an examiner can build from a single air crash.
Manufura
- Identify the types of aviation insurance policy and the cover each provides
- Describe the risks peculiar to aviation insurance
- Explain the effect of international regulation on aviation insurance
- Explain why aviation risks are commonly re-insured or placed with a pool
Takardar Darasi
Yi Rijista don Ci Gaba
Ƙirƙiri asusu kyauta don samun damar duk kayan koyo, tambayoyin atisaye, da kuma bibiyar ci gaban ka.
Nazarin Darasi
Barka da kammala darasi akan Aviation Insurance. Yanzu da kuka bincika mahimman raayoyi da raayoyi, lokaci yayi da zaku gwada ilimin ku. Wannan sashe yana ba da ayyuka iri-iri Tambayoyin da aka tsara don ƙarfafa fahimtar ku da kuma taimaka muku auna fahimtar ku game da kayan.
Za ka gamu da haɗe-haɗen nau'ikan tambayoyi, ciki har da tambayoyin zaɓi da yawa, tambayoyin gajeren amsa, da tambayoyin rubutu. Kowace tambaya an ƙirƙira ta da kyau don auna fannoni daban-daban na iliminka da ƙwarewar tunani mai zurfi.
Yi wannan ɓangaren na kimantawa a matsayin wata dama don ƙarfafa fahimtarka kan batun kuma don gano duk wani yanki da kake buƙatar ƙarin karatu. Kada ka yanke ƙauna da duk wani ƙalubale da ka fuskanta; maimakon haka, ka kallesu a matsayin damar haɓaka da ingantawa.
- Under an aviation insurance programme, loss of or damage to the aircraft itself is met by the: A. Passenger liability cover B. Hull cover C. Third-party liability cover D. Products liability cover Answer: B
- Goods carried by air are normally insured under a: A. Hull policy B. Hull war policy C. Marine cargo policy D. Passenger liability policy Answer: C
- The international convention that fixes an airline's liability to international passengers and has been adopted into Nigerian law through the Civil Aviation Act is the: A. Chicago Convention B. Rome Convention C. Montreal Convention D. Geneva Convention Answer: C
- An aircraft hull worth 10,000,000,000 naira is co-insured, the leading insurer taking a 20 per cent line. On a total loss the leading insurer pays: A. 10,000,000,000 naira B. 8,000,000,000 naira C. 5,000,000,000 naira D. 2,000,000,000 naira Answer: D
- Aviation risks are commonly reinsured chiefly because: A. premiums charged are very small B. a single event can concentrate hull, passenger and third-party losses together C. aircraft almost never suffer accidents D. the law forbids insurers from keeping any aviation risk Answer: B
Yi Rijista don Ci Gaba
Ƙirƙiri asusu kyauta don samun damar duk kayan koyo, tambayoyin atisaye, da kuma bibiyar ci gaban ka.
Yi Rijista don Ci Gaba
Ƙirƙiri asusu kyauta don samun damar duk kayan koyo, tambayoyin atisaye, da kuma bibiyar ci gaban ka.
Littattafan da ake ba da shawarar karantawa
Tambayoyin Da Suka Wuce
Kana ka na mamaki yadda tambayoyin baya na wannan batu suke? Ga wasu tambayoyi da suka shafi Aviation Insurance daga shekarun baya.
Tambaya 1 Rahoto
- Explain aviation insurance.
- List and explain three covers provided by aviation insurance.
- technical feasibility;
- economic feasibility.