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19 January 2017
QBE Insurance has started writing aviation business in Papua New Guinea.
The Port Moresby office of the insurer will be working with Melbourne-based QBE Aviation to offer aircraft hull, non-ownership, aerial application and hangerkeepers liability.
insuranceNEWS.com.au contacted QBE for a reason why it has moved into what is seen as a difficult market, but the insurer declined to comment.
According to the Flight Safety Foundation, there has been one fatal accident in PNG this year involving a public transport aircraft, in which all four occupants were killed.
Last year a small airliner crashed near Kokoda Airport killing all 13 occupants and for most of this decade there have been a number of public transport accidents each year.
The country’s safety record has improved considerably since a disastrous year in 1996 when there were six fatal accidents and 21 fatalities.
The difficult terrain and quickly changing weather patterns contribute to the country’s reputation of being a difficult country for aviation operations.
QBE has been operating in PNG as a general insurer since 1899.
18 January 2017
To oversee the policy, framework and execution of insurance risk across the Group.
16 January 2017
The Underwriting Risk Manager is primarily responsible for driving the strategic global underwriting initiatives developed at the Group Underwriting Committee and achieving the challenging targets in a timely manner.
16 January 2017
Support the AsiaPac Treasury team in rolling out treasury disciplines across the region including cash management and FX optimisation, and reporting of same.