Aviation Insurance
Combining technologies and data analytics to provide a unique view of your global aviation portfolios
BENEFITS FOR THE INSURANCE INDUSTRY
Skytek provides cutting-edge satellite-driven solutions tailored to support the insurance industry in managing aviation-related risks. Key benefits include:
- Enhanced Risk Visibility: Real-time tracking and historical risk aggregation at airports, ensuring comprehensive oversight.
- Improved Decision-Making: Actionable insights to optimise underwriting, risk mitigation, and portfolio management.
- Regulatory Compliance: Seamless monitoring of sanctions and adherence to international aviation regulations.
- Support Claims Processing: Rapid post-incident assessments using satellite imagery to support and streamline claim handling.
- Cost Efficiency: Bespoke reporting and analytics to reduce operational costs and improve overall efficiency
KEY FEATURES
Optimising risk management and decision-making for the insurance industry:
GLOBAL AIRCRAFT TRACKING
Real-time monitoring of commercial, cargo, and general aviation aircraft worldwide, enabling insurers to maintain operational visibility and assess exposure effectively.
PORTFOLIO MANAGEMENT
Leverage state-of-the-art tools to aggregate and analyse exposure data for aviation portfolios. Our tailored insights cater to the unique needs of insurers, delivering actionable data to support informed decision-making.
Customise portfolios effortlessly to meet your requirements—whether by client, aircraft type, lessor, or other key parameters. Simplify complexity, gain a comprehensive overview, and make strategic decisions with confidence
HISTORICAL RISK AGGREGATION AT AIRPORTS
Unlock actionable insights into your portfolio’s historical risk accumulation at airports with our cutting-edge software platform. It evaluates peak risk aggregation, traffic patterns, and incident histories, empowering insurers to identify risk concentrations and proactively manage long-term exposure.
POST-INCIDENT ASSESSMENT
Rapid evaluation of damage and risk exposure using satellite imagery after aviation incidents, streamlining claims processing and recovery operations.
Figure 1 – Kherson international Airport on February 28th
Figure 2 – Kherson international Airport on March 15th
TREND MONITORING
Long-term tracking of risk trends at airports and along flight corridors to support predictive modelling and risk mitigation strategies.
SUPPORTING GEOPOLITICAL EXPOSURE
REAL-TIME REGION MONITORING:
- Real-time evaluation of asset exposure in volatile or conflict-prone regions to support precise underwriting decisions.
- Continuous monitoring of geopolitical events impacting global flight paths, airspace access, and airport operations.
- Aviation alerts are recorded in the system and their potential impact on your portfolio can be quickly assessed
- Immediate insights into regulatory and compliance risks to enhance portfolio security and minimise exposure.
SANCTIONS COMPLIANCE
HOW REAL WORLD SUPPORTS COMPLIANCE:
- Real-Time Screening: Automatically monitor insured assets, operations, and regions against updated global sanctions lists to ensure compliance with regulatory requirements.
- Geospatial Intelligence: Identify and assess flight paths, airspace usage, and operational zones in restricted or high-risk regions to avoid sanction violations.
- Comprehensive Reporting: Generate detailed compliance reports, providing transparency and audit trails to safeguard against legal and financial risks.
SATELLITE CLUB
SPACE TECHNOLOGY TO SUPPORT RISK ASSESSMENT AND CLAIMS MANAGEMENT
Skytek’s Satellite Club offers aviation insurers exclusive access to cutting-edge satellite data and analytics, providing unparalleled insights to enhance risk assessment and claims management.
- Real-Time Conflict Zone Monitoring: Skytek’s Satellite Club delivers up-to-date geospatial intelligence, enabling insurers to identify and assess exposure to conflict zones, ensuring informed underwriting and risk mitigation.
- Event-Driven Insights for Claims Management: Through advanced satellite imagery, Skytek assists insurers in rapidly evaluating asset damage and loss scenarios following aviation incidents or conflict-related events, streamlining the claims process.
- Proactive Risk Management: Leveraging Skytek’s expertise in satellite-driven analytics, insurers can forecast potential risks to flight operations, airspace usage, and airport infrastructure, empowering them to make proactive, data-driven decisions.