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Aircraft insurance price and its determinants

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Author(s): Cícero Rodrigues de Melo Filho

Journal: Journal of Transport Literature
ISSN 2238-1031

Volume: 5;
Issue: 1;
Start page: 83;
Date: 2011;
Original page

Keywords: aviation Insurance | econometric analysis | insurance companies

ABSTRACT
This paper analyzes the aircraft’s insurance market, and more specifically the variables that affect the premium paid by the airlines. From the development of an econometric model, we aim to provide an understanding of the dependence of the price charged by insurance companies with the parameters set by them for risk analysis of each airline. The results show that the unit cost of insurance aircraft per hour is well correlated with the exchange rate, ie the higher the exchange rate, the higher the cost of insurance, in addition, the size of the company was also relevant in the amount paid by safe, that is, the smaller the company, the largest aviation insurance expenditures. Finally after the terrorist attacks of Sept. 11 one sees an increase in unit cost of insurance aircraft per hour.
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