Artificial Intelligence takes off

Expert risk article | July 2024
Allianz Commercial experts identify risks and claims in the aviation sector in our latest insurance outlook.

As with every facet of life, the aviation sector is primed for a significant transformation with the integration of Artificial Intelligence (AI). It has already been using AI for many years, and the current speed of development means it is revolutionizing the industry in many ways, from enhancing flight safety and improving maintenance procedures to personalizing the passenger experience and optimizing route management.

AI algorithms can analyze data from flight recorders and sensors along with historic data to predict potential system failures before they occur, allowing for preventative maintenance and reducing the risk of accidents. AI-driven simulations and predictive analytics can be used for training pilots, providing them with realistic scenarios and helping them make better decisions in critical situations. AI can even improve security at airports via biometric identification and evaluation.

However, with benefits comes risk and there are challenges to consider, such as ensuring data privacy and maintaining rigorous safety standards as AI systems become more autonomous. The focus on data security also sits alongside the greater focus on cyber threats, which rank as the second top risk for the aviation industry in the Allianz Risk Barometer 2024.

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