Loss of License
This is niche product was specifically designed to meet a gap in the Accident & Health market as the traditional personal accident and income protection style products failed to address the unique nature of commercial pilots’ strict licensing requirements.
Pilots are required to undergo regular, rigorous medical evaluations to ensure they meet the highest standards of health and fitness. Failing to meet these standards will result in a suspension and a possible permanent withdrawal of their license, putting their careers and livelihood at risk.
Loss of license insurance helps to fill that gap by either paying a monthly benefit during the initial suspension or a lump sum amount if the license is withdrawn on a permanent basis.
We have a wealth of experience underwriting this product and are seen as the market experts for this niche class of insurance.
From small general aviation risks (fixed and rotor wing) to major international airlines, from air traffic controllers to trainee pilots just starting out, the team has the expertise to meet your clients’ coverage and budgetary requirements.
Key product benefits
Included as standard
- Lump sum payment for long-term disability/permanent loss of license
- Worldwide cover
- Cover for alcohol and drug-related illnesses
- Cover for all sporting activities
Additional cover options
- Monthly payments for temporary or total disability
- Psychological or psychiatric disorders up to 100%
- Inclusion of previous disabilities up to full coverage
- Choice of excess periods for long-term and temporary total disability covers
Underwriting on behalf of certain underwriters at Lloyd’s enables us to write business on a direct or reinsurance basis in most regions of the world with a security rating that gives confidence to your clients.
Agency rating
AM Best: 1+ (superior)
Fitch: AA- (very strong)
S&P: AA- (very strong)
Claims service
Medical conditions such as cancers, migraines, heart conditions and mental health issues can result in a temporary or permanent loss of license which is why how we respond to a claim is a key part of who we are.
First impressions are vital and our reputation within the market has been shaped largely by the quality and responsiveness of our claims service.
We provide:
- Dedicated specialist claims resource
- Regular claims updates and meetings with brokers and clients
- Claims handling with technical expertise, empathy and compassion
- Adaptable approach, dealing directly with brokers, clients and claimants
- Access to specialist aviation medical examiner
With the ability to underwrite both compulsory and voluntary policies on a direct or reinsurance basis, we are the leading specialists for loss of license insurance.
Contact us today
Ian Groves
Head of Loss of License
Ian.Groves@globeuw.com
Jenny Gu
Senior Underwriter
Jenny.Gu@globeuw.com