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Cyber incidents rank for the first time as the most important business risk globally, pushing the perennial top peril, business interruption (BI), into second place, according to the ninth Allianz Risk Barometer 2020. Cyber incidents were named by 39% of survey respondents from more than 2,700 risk management experts in over 100 countries and territories, said the annual survey from Allianz Global Corporate & Specialty (AGCS). Seven years ago, the survey report revealed, cyber incidents ranked only 15th with just 6% of responses. For more information, please contact me for a free Cyber Risk Assessment and competitive quotation at 770-262-7042.

Aero Alliance is working with Apogee Insurance and Coalition to assist all our valued clients with Cyber Risk Assessment services. Apogee Coalition provide Cyber Risk Assessment for Aviation and Aerospace clientele. Through analytics they determine an overall risk level against all Coalition policyholders and assign a vulnerability ranking (for example 1-high). The Risk Assessment will help you identify vulnerabilities you should know about - for example exposed Usernames and Passwords and data compromised at your Aviation or Aerospace company. Apogee's report goes further than identifying vulnerabilities - it provides many excellent suggestions to further increase your security. Annual CyberInsurance premiums are reasonable - and a prudent step to protect yourself in this day and age. Aero Alliance would be happy to support your needs for quotation on important Cyber Insurance, which includes free cyber security tools to protect your business along with expert claims response to help you quickly recover from a cyber incident. We need some very basic information from you to begin: Insured’s Name Address No. of Employees Insured’s Revenue Description of Operation Year Established Website address Once we have this info - we will immediately direct them to Aero Alliance’s underwriter! We look forward to talking with you soon about your aviation cyber insurance needs!

Fallout from the MAX crisis continues in other areas as well, with China Southern Airlines suspending its order for 64 737 MAX 8s and Ryanair stating that it expects to lay off approximately 900 pilots and flight attendants starting this fall due to the grounding of the MAX and concerns around Brexit. Southwest Airlines and Air Canada have also announced that they will be removing the aircraft from their respective schedules into 2020. The insurance ramifications here are simply staggering. From AvWeb: https://www.avweb.com/flight-safety/accidents-ntsb/senate-subcommittee-grills-faa-on-max-oversight/

Please check out this article, and let me know if Aero Alliance can help insure your Drone Operations. https://lnkd.in/eaf6mhe hashtag#uav hashtag#insuranceindustry hashtag#aviation

Underwriting in the life and health space is changing quickly and insurers need to be ready. The future of underwriting is automated, tailored, simple and engaging. Swiss Re is working with clients around the world to create new approaches to tackle these challenges. Check out the article - https://lnkd.in/eK4_Kiu #FutureReadyNow