People often wonder why claims that have nothing to do with their business impact the rates in their annual premium. One of the reasons is how insurance works. Insurance ultimately is the law of large numbers. The premiums of many are made to pay for the claims of the few. Tune in to learn more about reinsurance!
By Tim|2021-12-28T08:53:04-06:00January 3rd, 2022|Aviation Insurance Podcast|Comments Off on Aviation Insurance Podcast Episode 19: Aircraft Insurance Fundamentals – Reinsurance Pt. 1
Tim Bonnell Jr. is the Founder and President of Aeris Insurance Solutions. He is the author of the book Aircraft Insurance Fundamentals: A Concise Guide For Aircraft Owners and Operators. He’s a third-generation pilot and a second generation aviation insurance broker. Tim was raised in the aviation insurance industry and had the opportunity to learn it from the ground up. His formal education was completed at Kansas State University.
Tim is a private and instrument-rated pilot. He holds the Certified Insurance Counselor and Certified Aviation Insurance Professional professional designations. In 2014, he was installed into the inaugural class of the Aviation Insurance Association’s Eagle Society. Tim has served on the boards of directors for the Aviation Insurance Association, Kansas Agricultural Aviation Association, National Agricultural Aviation Association, and the Wichita Aero Club in addition to other community organizations.