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24 March 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.
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Reporting to the head of product and partnerships, this role will manage new product development and product management functions, across insurers and product lines. The role will manage insurer relationships, ongoing product management, compliance and contractual obligations.
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Work as part of an experienced established U/W team. High profile role. NSW - Sydney.