Flyer UK 2017-12.pdf

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icks
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EDITOR
Ed Hicks ed.hicks@seager.aero
NEWS EDITOR
Dave Calderwood dave.calderwood@seager.aero
PRODUCTION EDITOR
Joss Hutton joss.hutton@seager.aero
ART EDITOR
Ollie Alderton ollie.alderton@seager.aero
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Mark Hales, Matt Dearden
Yayeri van Baarsen,
Paul Kiddell, Carl Flap
FLIGHT SAFETY EDITOR
Joe Fournier joe.fournier@seager.aero
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S
Age challenge
itting down to write this month’s editorial, I heard the ping of an email
landing in my inbox. Always happy of a distraction from having to find
some words, I clicked it open. It was a post to an email group I use for
RV builders and pilots, about insurance. In the process of finding the
best price for his RV-6A, this particular pilot had approached an
insurance provider who was actively seeking new business from RV owners, for
a competing quote. The response he got caught me a little by surprise.
“Unfortunately, underwriters have actually declined to provide a quotation
because I’m afraid you do not fit their new business acceptance criteria, which only
includes pilots up to the age of 65.”
For the most part, I’ve never really considered age to be a factor in the safety of
pilots I know, in fact most of the pilots at my airstrip who are over sixty tend to be
the ones who fly the most. Among the RV pilots I know, if I had to loan one of them
my own aircraft, the decision would be based more on experience than age.
Unsurprisingly, discussion of the subject made it to the
FLYER
Forum in fairly
short order, which saw Bob Bevan, co-founder of VisiCover (not the insurer in
question) offer an interesting insight: “Underwriters need to understand what factors
contribute towards the risk and to calculate the premium accordingly. As the level of
risk and claims data being captured has increased, so has the ability for underwriters
to interpret risk and shape their rates and acceptance terms accordingly. This trend
can be seen across all insurance sectors (eg the use of postcodes to interpret the flood
risk on household policies)… Aircraft insurance premiums are already based on a
number of factors, one of which is pilot age. Different insurers will interpret age as
a risk factor in different ways and act accordingly, from ignoring it, through the
application of age-based loads to declinature of new risks above a certain age.”
Looking at the 2016 data from the CAA, showing the pilots who hold a medical
certificate by age, the biggest group of PPLs is at 58, just seven years away from
knocking on the door of a potential insurance challenge.
Let’s hope that this is a blip, rather than a permanent indication of yet another
factor which is set to challenge the pilot community in future.
ed.hicks@seager.aero
Left
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/flyermagazine
@Flyer_Magazine
© Seager Publishing 2017
December 2017 | FLYER |
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