AAPA Supports Holistic Approach to Risk Management

Delivering a keynote address at the Willis IATA AAPA Asia Pacific Aviation Insurance Conference, Mr. Andrew Herdman, Director General of the Association of Asia Pacific Airlines (AAPA) said, "Flying is already the safest form of travel, and as an industry we are committed to achieving further improvements in safety performance. Cross-industry collaboration, working with regulators and other stakeholders, is the key to achieving this shared goal."

See: Global Aircraft Accident Rate Reaches New Low

"Airlines operate in a dynamic and complex business environment, facing a variety of risk factors, including entirely unpredictable events. As a result, the industry has well-developed risk management skills, whether responding to natural disasters, health pandemics or other unforeseen occurrences that have a wider impact on flight operations. There are significant benefits in taking a more holistic approach to risk management, in order to strengthen the resilience of the industry to respond to and overcome business and operational challenges," Mr. Herdman added.

The Willis IATA AAPA Asia Pacific Aviation Insurance Conference held 7-8 March 2012 in Hong Kong attracted over 300 participants, including aviation safety and risk management specialists, aviation insurance underwriters and brokers, legal experts and other professionals.

The conference addressed a wide range of aviation risk management and insurance topics, including safety management systems and sharing of industry best practices. 

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