NIRMA Talk Series 10

Series 10 Speaker Profile

Date of Series Held: 25 February, 2025, Tuesday

Duration: 90 Minutes

Series Forum: NIRMA Virtual Conference Platform

NIRMA’s Target Audience:

– Insurance Professionals

– Aviation Industry Stakeholders (Airlines, Operators, Regulators)

– Risk Managers and Underwriters

– Academics and Students in Aviation/Insurance

– General Public Interested in Aviation Safety

Speaker of Series:

Ms. Hira Kumari Bartaula (SMRITY)

Manager

(Head of Department, Marketing and Youth Self- Employment Insurance Pool)

Rastriya Beema Company Limited

Corporate Office, Ramshahpath, Kathmandu, Nepal

Association: Nepal Management Association (Life Member), National Insurance Risk Management Association (Trustee)

LinkedIn: [linkedin.com/in/smritybartaula]

Twitter:@smriti.bartaula

 Speaker’s Bio:

Ms. Hira Kumari Bartaula is a growing professional in the field of general insurance and risk management, with over 12 years of experience in international development organization, civil service strengthening, research and planning-monitoring. She holds a MBS in Accountancy, MA in Sociology, BBS in Finance, Scholar of LL.B (Final Year) and has been attended Management, Planning-Monitoring, Research and Risk related domestic as well as  training/conference. Prior her professional journey at Insurance, she has been worked in different Programs of renowned Int. Organization SAVE THE CHILDREN INTERNATIONAL, HELEN KELLER INTERNATIONAL and UNITED STATE AID FOR INTERNATIONAL DEVELOPMENT (USAID) based in Nepal for 10 Years.  She is contributing to the development of insurance sector as policy influencer with practical experience of work. Ms. Hira is a preferred speaker at community, national and international forum where she shares her insights on insurance policies relevant issues and risk management. She is currently associated with NMA (Life Member) and NIRMA (Trustee).

 Title of the Session: Aviation Insurance: An Overview on Risks, Coverage, and Nepal’s Landscape

 Title Presentation Overview:

In this comprehensive session, Ms. Hira delve into the fundamentals of Aviation Insurance, exploring its insurable risk; Hull, passenger liability, third-party, cargo, and business interruption in aspect of risk transfer, assurance and sequential management. The presentation will cover various types of risks, the insurance covers, Aviation Insurance Claim Handling Procedures/Model sand the Aviation Insurance Market in safeguarding against enormous financial cost and liability incurred by unforeseen events. Speaker Ms. Hira will also discuss the broader economic impact of Aviation Sector in Nepal, Analytical Aviation Casualty Risk exposer history of Nepal and insights in Global Aviation Insurance Scenario along with future prospect of Aviation Insurance Industry.

 Key Takeaways:

  1. Risk Identification:

– Physical damage (hull), passenger injuries, third-party liabilities, and cargo losses.

  1. Underwriting Essentials:

– How insurers price policies based on aircraft type, safety records, and geopolitical risks.

  1. Nepal’s Challenges:

– Geographic hazards, EU blacklist impact, and infrastructure gaps.

  1. Claims Process:

– Steps from incident reporting to indemnity/subrogation settlements.

  1. Regulatory Frameworks:

– MC99’s role in standardizing liability limits and passenger compensation.

  1. Aviation Transportation Service in Nepal – a history and current status:

– History

– Geographic hazards, EU blacklist impact, and infrastructure gaps.

  1. Future Prospect: Enhancing Aviation Service per Global Standard and Re-building image and trust in Aviation Insurance Sector

 Summary of Session:

  1. Aviation Risks & Coverage

– Hull Insurance: Physical damage/total loss.

– Liability: Passengers, crew, third parties, airports/ATC negligence.

– Emerging Risks: Drones, cyber threats.

  1. Underwriting in Nepal

– Routes (Himalayan terrain), fleet mix (twin otters vs. jets), and reinsurance dependence.

  1. Case Studies

– Nepal’s crash history (e.g., [Recent Accident]) and claim resolutions.

  1. Future Outlook

– Expanding private airlines, new airports (e.g., PIA, GBIA International Airports), and MC99 enforcement.

Closing Note:

Aviation insurance is not just about policies—it’s about safeguarding lives, assets, carries, liabilities and Nepal’s growing connectivity. Let’s navigate these skies together pleasantly.

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