Safety Culture in the News

Safety Culture in the News

How safety data affects airline insurance pricing

www.airlines.iata.org/analysis/…

Unveiling a safety culture

There is a saying among auditors in the management systems community that measurement is at the heart of management—that is, you cannot manage what you do not measure. The big data era has given the aviation sector the tools required to do both.

Though technology gave the airline industry the ability to capitalize on the vast amounts of data it generates, it is a strong safety culture that will ensure that lessons learned are put into action. Insurers are looking for evidence of extensive data capture that suggests a strong culture of hazard and event reporting, practices that also allow airlines to build understanding of their own risk environment.