International Union of Aerospace Insurers

What International Union of Aerospace Insurers does

The International Union of Aerospace Insurers (IUAI) is a London-headquartered international trade association founded in 1934 that represents the global aerospace insurance and reinsurance industry. Its 66 member entities, drawn from 28 countries, collectively underwrite more than 90% of worldwide aerospace insurance coverage, making IUAI the de facto global representative body for the sector.

The organization operates through six Study Groups covering technical, legal, and market issues affecting aerospace underwriting, alongside an annual conference and supporting workshops. IUAI maintains formal observer status with the United Nations, ICAO, ECAC, ICC, and OECD, and collaborates with adjacent industry bodies including the Aviation Insurance Clauses Group (AICG) and the Flight Safety Foundation's BARS Programme.

IUAI's business model is membership-fee based, funded by dues from its 66 member entities and supported by a small secretariat of 1-10 staff. It does not underwrite insurance itself; rather, it convenes the industry, sets common technical standards, develops standardized policy clauses, and represents member interests in international regulatory and policy forums. A new Secretary General is being recruited on a part-time, contractual basis to lead the organization.

Name

International Union of Aerospace Insurers

Legal name

International Union of Aerospace Insurers

Website

https://iuai.org

Company type

Private

Founded year

1934

Operating status

Operating

Headcount range

1–10 employees

Short description

The International Union of Aerospace Insurers (IUAI), founded in 1934 and headquartered in London, is a global trade association whose 66 member entities across 28 countries underwrite over 90% of worldwide aerospace insurance coverage. It convenes the industry through six Study Groups, an annual conference, and observer engagement with the UN, ICAO, and other international bodies.

Ownership category

akta.pro rank

Product category

Aerospace Insurance Trade Association

NAICS

Insurance Carriers and Related Activities (524), Insurance Carriers (5241), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Aviation Liability Insurance (Passenger & Third-Party) (FSAJAHAD)

akta.pro secondary industry

Technical Committees, Working Groups & Expert Panels (BPADANAB)

Keywords

• Aerospace insurance association
• Aviation reinsurance trade group
• Insurance policy wordings
• Aviation risk research
• Global aerospace underwriting

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Membership Fees: The Union generates revenue through annual membership fees paid by both Insuring Members (single companies, syndicates or groups actively underwriting aerospace insurance/reinsurance) and National Members (associations representing aerospace insurers/reinsurers at national or market level). A one-off joining fee may also be required upon successful membership application. All employees of both member types have access to Union services including AGM attendance.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

IUAI is a global trade association for aerospace insurance and reinsurance. It provides advocacy and regulatory representation, six technical Study Groups, standardized policy wording development via AICG, FSF BARS accident data sharing, annual conferences, and member networking resources to 66 entities representing over 90% of worldwide aerospace insurance cover.

Product overview

The International Union of Aerospace Insurers (IUAI) is a professional trade association representing the global aerospace insurance and reinsurance industry. Rather than a single product, the IUAI offers a platform of member services including six technical Study Groups (Airlines, Cyber and Emerging Risks, General Aviation, Legal & Claims, Manufacturers Products and Airports, and Space Risks) that conduct research and produce industry surveys; participation in the Aviation Insurance Clauses Group (AICG) for standard policy clauses; FSF BARS accident data sharing; annual Members' Conferences and AGMs for education and networking; a Career Center job board; member-only forums and community blogs; and access to statistics, databases, and AGM proceedings. Membership comprises 66 entities (insurers, reinsurers, and associations) from 28 countries representing approximately 90% of worldwide aerospace insurance cover.

Differentiator

Problem solved

Functional benefit

Brands

• AICG (Aviation Insurance Clauses Group): The AICG establishes non-binding standard wordings, clauses and variants for use in aviation insurance policies. It was established in June 2005 by the Lloyd's Market Association and the International Underwriting Association of London.
• BARS (Basic Aviation Risk Standard)
• CERSG (Cyber and Emerging Risks Study Group)

Products and services

• Study Groups Six technical study groups (Airlines, Cyber and Emerging Risks, General Aviation, Legal & Claims, Manufacturers Products and Airports, and Space Risks) that conduct research, share knowledge, and produce industry surveys and reports for IUAI members.
• Aviation Insurance Clauses Group (AICG) Joint initiative with Lloyd's Market Association and International Underwriting Association of London that establishes non-binding standard wordings, clauses and variants for use in aviation insurance policies, including AVN and AVS clauses.
• FSF BARS Programme Data Sharing Member access to World Wide Accident Summary Reports collated quarterly by the FSF BARS Office, covering onshore resource sector with additional data for offshore, humanitarian, and energy sector operations, distributed via the GA Study Group.
• Members' Conference & AGMs Annual three-day conferences bringing together aerospace insurance professionals for study group workshops, presentations, panel discussions, education, learning, and networking, rotating across global cities (Seville 2026, Prague 2025, Montreal 2024, Lisbon 2023, Dublin 2022; Atlanta announced for 2027).
• Career Center Job board platform allowing IUAI member companies to post aerospace insurance/reinsurance job openings and candidates to search opportunities across the sector.
• CERSG Annual Survey Annual survey conducted by the Cyber and Emerging Risks Study Group in partnership with International Underwriting Association and Swiss Re, providing industry-wide cyber risk assessments and emerging threat analysis based on responses from aerospace insurance professionals.
• Member Forums Online discussion forums for IUAI members covering Aviation Insurance Clauses Group (AICG) topics, clauses consultation drafts, published wordings, and EASA Flight Safety Review information.
• Community Blogs Member-exclusive blogs organized by study group (Airlines, Cyber & Emerging Risks, General Aviation, Legal & Claims, Manufacturers Products & Airports, Space Risks) for sharing expertise and industry insights.

Named customers9 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature1 record

Partnerships

15 partnerships are on record, tiered major, core and minor.

• Swiss RemajorStrategic or Co-development Partner · 8 June 2026Swiss Re collaborated with IUAI and International Underwriting Association to publish the IUAI Cyber and Emerging Risks Study Group (CERSG) 2026 Survey results. Florian Zierer from Swiss Re serves as Co-Chair of the CERSG.
• Flight Safety Foundation (FSF) - BARS ProgrammecoreTechnology or Integration · 1 December 2021In December 2021, IUAI signed up to become an Affiliate Member of the Flight Safety Foundation's Basic Aviation Risk Standard Program. As an affiliate member, IUAI shares World Wide Accident Summary Reports collated quarterly by the FSF BARS Office with its members through its GA Study Group. The data covers onshore resource sector with additional data available for offshore, humanitarian, and energy sector operations.
• United NationscoreStrategic or Co-development PartnerIUAI has gained accredited observer status with the United Nations, allowing representation of members' interests at the highest international level.
• ICAO (International Civil Aviation Organization)coreStrategic or Co-development PartnerIUAI has worked closely with ICAO since 1947 when CITEJA became the Legal Committee of ICAO. Has provided advice and expert opinion on insurance matters to ICAO Study Groups, Committees and Diplomatic Conferences on various conventions including Rome Convention 1952, Montreal Protocol 1978, Montreal Convention 1999, and Montreal Conventions 2009.
• IATA (International Air Transport Association)coreStrategic or Co-development PartnerIUAI has developed close working relationships with IATA since its formation in 1934. IATA represents some 300 airlines or 83% of total air traffic.
• ECAC (European Civil Aviation Conference)majorStrategic or Co-development PartnerIUAI has accredited observer status with ECAC for representation on European civil aviation matters.
• International Chamber of Commerce (ICC)majorStrategic or Co-development PartnerIUAI has accredited observer status with ICC for international commercial and trade-related discussions affecting aerospace insurance.
• OECD (Organisation of Economic Cooperation and Development)majorStrategic or Co-development PartnerIUAI has accredited observer status with OECD for economic policy discussions affecting the aerospace insurance sector.
• European CommissioncoreStrategic or Co-development PartnerIUAI has developed close links with the European Commission and has had its AICG Terms of Reference noted by the Commission. Also involved in European Regulation 785/2004 on third party liability insurance requirements.
• Insurance Europe (formerly CEA - Comité Européen des Assurance)majorStrategic or Co-development PartnerIUAI has developed close links with Insurance Europe for European insurance industry coordination.
• Aviation Insurance Clauses Group (AICG)coreStrategic or Co-development PartnerAICG was established in June 2005 by the Lloyd's Market Association and the International Underwriting Association of London. IUAI facilitates sharing of consultation drafts and wordings from AICG via its website. IUAI Members are notified when consultation drafts are circulated and when new wordings are released.
• Lloyd's Market Association (LMA)coreStrategic or Co-development PartnerCo-founder of the Aviation Insurance Clauses Group (AICG) which establishes non-binding standard wordings, clauses and variants for use in aviation insurance policies.
• International Underwriting Association (IUA) of LondoncoreStrategic or Co-development PartnerCo-founder of the Aviation Insurance Clauses Group (AICG). IUAI also collaborated with IUA and Swiss Re on the 2026 CERSG Survey. IUA is the representative body for companies in London providing international and wholesale insurance and reinsurance coverage.
• European Union Aviation Safety Agency (EASA)majorStrategic or Co-development PartnerEASA is the dynamic centrepiece of aviation safety and environmental protection in Europe. IUAI provides access to EASA Flight Safety Review information through its forums.
• TAPA EMEAminorStrategic or Co-development PartnerIUAI and TAPA EMEA jointly issued an alert about rising cargo theft and freight fraud globally. TAPA EMEA (Transported Asset Protection Association) focuses on supply chain security.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Insurance Europe: Pan-European insurance and reinsurance federation that, like IUAI, represents member insurers to regulators and international bodies (including the European Commission). IUAI has developed close links with Insurance Europe for European-level coordination, making it a comparable umbrella-association peer.
• International Air Transport Association (IATA): Global trade association for airlines with which IUAI has had a close working relationship since 1934. Although it represents the buyer side of aviation insurance, it serves an analogous membership-based advocacy and standards-setting function across international aviation.

Direct peers

• International Underwriting Association (IUA) of London: IUA represents non-Lloyd's international insurers in London and co-founded the AICG alongside IUAI and LMA. It directly co-publishes the CERSG survey with IUAI and Swiss Re, functioning as a near-direct comparator on aviation/wholesale insurance association activity.
• Lloyd's Market Association (LMA): LMA is the membership body for managing agents at Lloyd's and co-founder (with IUA) of the Aviation Insurance Clauses Group (AICG). It operates the same membership-based advocacy model for the London insurance market and partners with IUAI on aviation clauses.
• Flight Safety Foundation (FSF): FSF runs the BARS (Basic Aviation Risk Standard) Program, of which IUAI is an Affiliate Member since December 2021, sharing accident data with members via its GA Study Group. It is comparable as a non-profit aviation-safety membership body supplying curated data to aviation insurers.

Others

• European Commission (DG MOVE / EASA): EU institution that has acknowledged IUAI's AICG Terms of Reference and is involved in European Regulation 785/2004 on third-party liability insurance. Comparable as an international aviation regulatory counterpart shaping the rules IUAI's members must price for.
• International Civil Aviation Organization (ICAO): UN agency where IUAI holds accredited observer status. While not a commercial peer, ICAO operates in the same international aviation policy ecosystem and represents the regulatory counterpart against which IUAI positions its advocacy agenda.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/international-union-of-aerospace-insurers

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about International Union of Aerospace Insurers