Limited availability of airline insurance coverage
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Limited availability of airline insurance coverage
The aviation industry, like many other industries, is exposed to risks such as accidents, natural disasters, political instability, and terrorism. These risks can result in significant financial losses for airlines, airports, and other industry players. To mitigate these risks, the aviation industry relies heavily on insurance coverage. However, one of the challenges facing the industry is the limited availability of airline insurance coverage.
One of the main reasons for the limited availability of airline insurance coverage is the high cost of providing such coverage. Insurance companies are often reluctant to underwrite airline insurance policies due to the high risk associated with the industry. Airlines also face high insurance premiums due to the high cost of aircraft and the potential liability associated with accidents. In addition, the aviation industry is highly regulated, and insurance companies must comply with strict regulatory requirements when providing coverage.
Another reason for the limited availability of airline insurance coverage is the lack of competition in the airline insurance market. A few large insurance companies dominate the market, making it difficult for new entrants to enter and compete. This lack of competition results in higher premiums for airlines, as insurance companies have little incentive to offer lower rates.
The limited availability of airline insurance coverage can have significant implications for the aviation industry. For example, airlines may be unable to obtain the necessary insurance coverage to operate certain routes or expand their operations. This can limit the growth of airlines and the industry as a whole. Furthermore, airlines may be forced to pay high insurance premiums, which can result in increased operational costs and reduced profitability.
To address the issue of limited availability of airline insurance coverage, industry players are exploring various options. One option is to increase the involvement of government agencies in the airline insurance market. Governments can provide insurance coverage to airlines or act as reinsurers, providing coverage to insurance companies. This can increase the availability of insurance coverage and lower premiums for airlines.
Another option is for airlines to form their insurance companies. This can give airlines more control over their insurance coverage and premiums. However, forming an insurance company requires significant financial resources and expertise in the insurance industry.
Finally, the industry can explore alternative risk management strategies such as self-insurance, risk pooling, or risk-sharing arrangements. Self-insurance involves an airline assuming the risk of loss itself by setting aside funds to cover potential losses. Risk pooling involves multiple airlines sharing the risk of loss, while risk-sharing arrangements involve airlines and other industry players sharing the cost of insurance coverage.
In conclusion, the limited availability of airline insurance coverage is a significant challenge facing the aviation industry. The high cost of providing coverage and the lack of competition in the market are the main reasons for this challenge. However, industry players can explore various options to address this challenge, including increased government involvement in the market, airline-owned insurance companies, and alternative risk management strategies. These solutions can help increase the availability of insurance coverage and lower premiums for airlines, promoting growth and sustainability in the aviation industry.
Limited availability of airline insurance coverage
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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