The blacklist is officially known as the European Safety List, which is administered by case handlers within the aviation safety unit of the European Union’s (EU) Directorate-General for Mobility and Transport. The first version of the list was published in 2006. The most recent version of the list was published earlier this year. The European Commission and EU Member States set up and regularly update the EC blacklist through the Air Safety Committee, which meets roughly three times a year. In turn, it is the responsibility of the Member States to enforce the blacklist established via an EC regulation. Airlines included in the EU blacklist are not allowed to operate with their aircrafts or personnel in the EU, or to enter the airspace of any EU Member State.

Thursday, 11 December 2014 06:00
Published in View Point
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In the insurance industry, clients demand more choice, flexibility, value and prefer getting information through multiple channels. For these clients, information regarding insurance has become a necessity. 

Friday, 15 August 2014 03:00
Published in View Point
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For most, it was imprecise how Ethiopian insurers would manage their prices devoid of actuaries. As most insurers know, premium has a more significant impact on the bottom-line than any other item on a company’s income statement. For the average insurance company, a 1Pct drop in price can slash operating profits by up to 15 - 20Pct if not more. While there is no single recipe to determine insurance pricing, professionals commonly follow a general sequence of steps for developing the pricing of insurance premium. The insurance premium collected should at least be sufficient to fund expected claim costs and administrative costs and provide an expected profit to compensate for the cost of capital. Scholars argue that, cascaded from corporate strategy, the firm's pricing objectives must be identified in order to determine optimal pricing.

Wednesday, 16 July 2014 06:00
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