Search
 

Staying Vigilant

The Bad Old Days, as one could call themthe 1980s through the mid-2000srepresented a period of high losses for the aviation industry. Not only were aggregate claims high, but seven of the 10 deadliest aviation disasters occurred during those years.

By Michael P. Voelker | Updated on November 01, 2013

The Bad Old Days, as one could call them—the 1980s through the mid-2000s—represented a period of high losses for the aviation industry. Not only were aggregate claims high, but seven of the 10 deadliest aviation disasters occurred during those years.

Since then, major incidents have diminished, and it has never been safer to fly. The number of fatal accidents in 2012 was lower than it has been since 1945. Today, there is less than one fatal accident for every million flights, according to Swiss Re—the lowest in decades.

Several factors have contributed to the decline in fatalities. Technological factors include significant improvements in communication and navigational devices, such as enhanced ground proximity warning systems (EGPWS), alert and collision avoidance systems, and widespread use of GPS navigation across both commercial and general aviation. On the process side of risk management, increased requirements for pilot and personnel training, safety management systems (SMS) and continually improving cockpit resource management have all contributed to low accident rates.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.