International Union of Aerospace Insurers
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.
- Company typePrivate
- Founded1934
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingServices
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.
International Union of Aerospace Insurers firmographics
Firmographics- 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
International Union of Aerospace Insurers industry classification
Industry- 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
Where International Union of Aerospace Insurers is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
International Union of Aerospace Insurers business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- 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
International Union of Aerospace Insurers product offering
Product offeringCore 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.
Companies that use International Union of Aerospace Insurers
Customer profileNamed customers9 records
Segments2 records
Ideal customer profiles2 records
International Union of Aerospace Insurers technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature1 record
International Union of Aerospace Insurers partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered major, core and minor.
- Swiss RemajorSwiss 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 ProgrammecoreIn 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 NationscoreIUAI has gained accredited observer status with the United Nations, allowing representation of members' interests at the highest international level.
- ICAO (International Civil Aviation Organization)coreIUAI 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)coreIUAI 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)majorIUAI has accredited observer status with ECAC for representation on European civil aviation matters.
- International Chamber of Commerce (ICC)majorIUAI has accredited observer status with ICC for international commercial and trade-related discussions affecting aerospace insurance.
- OECD (Organisation of Economic Cooperation and Development)majorIUAI has accredited observer status with OECD for economic policy discussions affecting the aerospace insurance sector.
- European CommissioncoreIUAI 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)majorIUAI has developed close links with Insurance Europe for European insurance industry coordination.
- Aviation Insurance Clauses Group (AICG)coreAICG 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)coreCo-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 LondoncoreCo-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)majorEASA 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 EMEAminorIUAI 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
International Union of Aerospace Insurers competitors and assessment
Company assessmentBroad 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
International Union of Aerospace Insurers social profiles
Digital presenceInternational Union of Aerospace Insurers financial estimates
Financial estimateRevenue estimate
Valuation estimate
International Union of Aerospace Insurers leadership team
Management profileNumber of profiles
Profiles9 records
International Union of Aerospace Insurers funding detail
Funding detailFunding overview
Funding rounds
Investors
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International Union of Aerospace Insurers M&A and investment
M&A and investmentM&A
Investments
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Frequently asked questions about International Union of Aerospace Insurers
What does International Union of Aerospace Insurers do?
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.
Is International Union of Aerospace Insurers a public or private company?
International Union of Aerospace Insurers is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was International Union of Aerospace Insurers founded?
International Union of Aerospace Insurers was founded in 1934. It employs 1 to 10 people.
Where is International Union of Aerospace Insurers based?
International Union of Aerospace Insurers is headquartered in London, United Kingdom, in the Europe region.
How does International Union of Aerospace Insurers make money?
One revenue line is on record: membership Fees.
Who are International Union of Aerospace Insurers's main competitors?
Broad incumbents on record are Insurance Europe and International Air Transport Association (IATA). Direct peers are International Underwriting Association (IUA) of London, Lloyd's Market Association (LMA) and Flight Safety Foundation (FSF). Others are European Commission (DG MOVE / EASA) and International Civil Aviation Organization (ICAO).
Does International Union of Aerospace Insurers have an API?
No public API is recorded for International Union of Aerospace Insurers.
What industry is International Union of Aerospace Insurers in?
International Union of Aerospace Insurers's product category is Aerospace Insurance Trade Association. Its primary akta.pro industry code is FSAJAHAD, Aviation Liability Insurance (Passenger & Third-Party), with a secondary code of BPADANAB, Technical Committees, Working Groups & Expert Panels. Its NAICS code is 524 and its SIC code is 6331.