A New Era in Aviation Insurance: GE Insurance Solutions Examines Impact of The New Airbus A380.MUNICH, Germany -- With possible seating capacity Noun 1. seating capacity - the number of people that can be seated in a vehicle or auditorium or stadium etc. commodiousness, spaciousness, capaciousness, roominess - spatial largeness and extensiveness (especially inside a building); "the capaciousness of Santa's of up to 850 people, the Airbus A380 is increasing the aviation insurance industry's hull and liability exposure, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an article in the latest issue of EXPOSURE, which is published by GE Insurance Solutions. The A380 is a new aircraft with literally no claims experience; as a result, airlines, manufacturers and their insurers all need to understand how the "A380 shifts exposure patterns," said the article, which was authored by Rudolf Flunger, Global Aviation Leader; Wolfgang Vogel, Aviation Pricing Actuary actuary One who calculates insurance risks and premiums. Actuaries compute the probability of the occurrence of such events as birth, marriage, illness, accidents, and death. ; and Carsten Nawrath, Aviation Underwriter. With its large seating capacity, there is a much greater probability for large losses above USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 500 million, according to the authors. (The authors emphasize that the article is not making assumptions about the safety characteristics of the aircraft or potential accident rates. They say the intention of the article is to discuss the exposure that the A380 aircraft adds to the aviation insurance industry). To read the entire article and other EXPOSURE articles, visit http://www.geinsurancesolutions.com/erccorporate/inst/pb/ex/index.htm. (See "Airbus A380 - A New Era in Aviation Insurance".) GE Insurance Solutions (NYSE NYSE See: New York Stock Exchange : GE) is a group of companies that protects people, property and reputations. GE Insurance Solutions is one of the world's leading providers of commercial insurance, reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. and risk management services. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion