IBA Group’s Post

The aviation industry has seen an unprecedented period of safe commercial operations and resulting profitability in the airline sector, but several factors are weighing on aviation insurers’ minds — including social inflation. Aviation organizations should consider implementing several risk management strategies to limit the impact of this trend: https://aon.io/3YEwULd #Aviation #SocialInflation #Transportation #BetterDecisions

The aviation industry has seen an unprecedented period of safe commercial operations and resulting profitability in the airline sector, but several factors are weighing on aviation insurers’ minds — including social inflation. Aviation organizations should consider implementing several risk management strategies to limit the impact of this trend: https://aon.io/3YEwULd #Aviation #SocialInflation #Transportation #BetterDecisions

Vertical Aviation International (VAI) and VLinc Corporation celebrate the early adopters of the Operational Risk and Resilience Accreditation (ORRA) program, including HELIUS, BRIM AVIATION, and more. These operators are committed to safer operations and risk management. Follow us: https://lnkd.in/gR62p6Ev #AvfoilNews #AviationSafety #HelicopterOperations #RiskManagement #Aviation

Exiting times! We have built an integration with CHAMP Cargosystems CargoSpot to automate the risk analysis of air waybills. Real-time notifications about sanctions, strategic goods, and even hidden dangerous goods! Check out how we help you ensuring compliance and safety of your cargo in real time using Cargo Intelligence. #aircargo #risk #cargo #airfreight

Recent events at Boeing have underscored the importance of a robust board culture and effective enterprise risk management. Boeing's production challenges, particularly following the Alaska Airlines 737 MAX incident, highlight how industry leaders must navigate complex issues that impact not just their operations but also national interests and safety standards. This move by airline CEOs to directly engage Boeing’s board underscores a potential critical lapse in the board's culture, signaling a potentially reactive stance rather than a proactive one. In an industry where the stakes involve human lives, the reliance on external stakeholders to initiate discussions about production and safety concerns raises questions about the board's oversight and commitment to preemptive risk management. This situation calls into question whether current governance practices are sufficiently robust to anticipate and mitigate such complex challenges without the impetus being placed on customers facing the direct impact of these issues. Furthermore, the situation emphasizes the significance of enterprise risk management. This scenario illustrates the interconnectedness of enterprise risks and the paramount importance of managing these risks effectively to safeguard not just company interests but also broader industry and national security concerns. The aerospace industry is vital to the U.S. economy and national interests. Boeing's and its airline customers' challenges remind us of the intricate balance required to maintain industry success. A strong, vigilant board culture and comprehensive risk management strategies are essential to navigating the aviation sector's complexities and ensuring safety, reliability, and growth. What are your thoughts about the board's responsibility and reaction to these incidents? #AviationIndustry #BoardCulture #EnterpriseRiskManagement #Boeing #AirlineSafety

With changes planned to International Civil Aviation Organization (ICAO) Annex 14, how is your Aerodrome and/or Ground Handling Organisation preparing for Ground Handling sevice provisions and regulation? Learn how these changes could impact you and see how Baines Simmons can help support your organisation prepare for the introduction of Ground Handling Regulation. #ICAO #safetymanagement #aviationregulation #groundhandling #airlines #airportoperations #airside #safetyculture #SMS #airlineoperations #aircraft #groundoperations #CAA #EASA

Happy International Civil Aviation Day! Today, we celebrate the incredible achievements of the aviation industry—a sector that connects the world, fuels economies, and inspires dreams of exploration. On this occasion, I’d like to reflect on how aviation has evolved in its approach to risk management, a transformation as vital as the aircraft themselves. In the early days of aviation, risks were largely operational and technical, focused on ensuring safety during flight. Over time, the industry has faced new challenges, from geopolitical uncertainty to regulatory complexities and climate-related risks. Drawing on insights from Marsh Advisory’s Risk Reporting Trends Across the Aviation Industry (Read the full report here, https://bit.ly/3OoG4Wn), here’s a glimpse of how far we’ve come: ✈️ Operational Risks: The foundation of aviation safety, now complemented by robust frameworks for addressing cybersecurity and supply chain challenges. 🌍 Sustainability and Climate Risks: Once a distant concern, now a top priority for future-proofing the industry. 🛡️ Geopolitical and Regulatory Risks: Increasingly dynamic, requiring aviation organizations to be more agile and resilient than ever. These advancements in risk management demonstrate not only the industry’s ability to adapt but also its commitment to resilience and innovation Together, let’s continue building a safer, more sustainable future for aviation. What do you see as the next frontier in aviation risk management? Read Marsh Advisory’s full report on aviation risk trends here. https://bit.ly/3OoG4Wn #InternationalCivilAviationDay #Aviation #RiskManagement #MarshAdvisory #AviationResilience Marsh Marsh McLennan Marsh Middle East and Africa

What does the introduction of new Ground Handling regulation mean for your organisation? With ICAO introducing changes to regulate Ground Handling Services, organisations must prepare for significant adjustments. These regulations aim to enhance safety oversight and will affect critical areas like aircraft servicing, passenger handling, baggage handling, and turnaround activities. In our latest blog, Consultant Ben S. explores the introduction of Integrated/Safety Management Systems (IMS/SMS) as one of the biggest shifts, pushing organisations to adopt new risk management practices. Read the full blog on our website for more information on the upcoming regulatory landscape and how organisations can prepare for success: https://okt.to/pW7rLd. #GroundHandling #Aviation #ICAO #SafetyRegulations #SMS #BainesSimmons

Exploring the Future of Avionics and Risk Management in the Digital Era. Discover insights from Ibraheem Sheerah, Chief Transformation Officer at #SaudiaAirlines, as he navigates the complexities of digital transformation in aviation. Read the full article here: https://lnkd.in/gv5m9KKi #AviationInnovation #DigitalTransformation #Avionics #RiskManagement #SaudiaAirlines #LatestArticle #MarchAprilEdition #Aviation360ME

Transport Canada is addressing industry feedback and concerns about proposed flight and duty time regulations and fatigue risk management systems (FRMS) for Subpart 703 (air taxi) and 704 (commuter) operators.