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Aggressive Insurance Launches Aircraft Insurance Program

Company Basing Aviation Policies On Auto Insurance Concepts

Aggressive Insurance, an Irving, TX-based program administrator, launched its new aircraft insurance program Monday.  The company says it is acting on a strategy to bring 21st century technology and an advanced delivery system to a market segment that is demanding a fresh response to its producer and policyholders.

"We believe we're bringing the standards for sales and customer support fifteen years ahead of the present model," said President Richard Asprey.

Asprey believes that successful aviation producers share a desire for reduced handling costs as critical to their profit success.

Aggressive is initially introducing the program in Florida, Georgia, Illinois, Indiana, Ohio, Oklahoma and Texas.  It expects approvals in up to 40 states during the first 12 months with the entire continental U.S. to be operational within two years.

The program is competitively priced and offers the most advanced customer options in the industry. It is geared especially toward transitional and older pilots as well as smaller aircraft built in and after 1955. To achieve its goals, Aggressive is extending its personal auto systems to the aviation line.  Producers and applicants are offered true real-time access to quotes, underwriting approval and policy issuance.  "After all," said Asprey, "there is a common concept between auto and aircraft in that both have liability and physical damage components as well as operators, use classes and territorial considerations."

Producers using Aggressive simply enter a bare minimum of information to get real-time quotes.  Coverage options are priced immediately and, once selected, Aggressive accepts relevant underwriting information and issues the policy on the spot.

The rapid process offers a wide variety of payment options.  Premiums can be billed in equal monthly amounts (or less frequently if desired) and collected by credit card, electronic check, recurring EFT or even cash through the company's ISOpay cash portal affiliate.  "No longer does the producer or client have to endure the high expense of financing premiums," according to Asprey.  "Imagine avoiding the manual cancellations/reinstatements and other bookkeeping problems associated with the premium finance relationship." 

Renewals are fully automated and renewal offers are sent in advance of expiration with an automatic option to reduce premiums by reporting pilot hours online.

Automated producers may also order policy changes online with real-time instant approval and endorsement issuance. 

Evidence of Aggressive's proactive underwriting and rating approach is its view of advanced safety equipment.  An example is the highly effective whole-aircraft parachute recovery system developed by BRS Aerospace of St. Paul, MN. For aircraft equipped with BRS' system, Aggressive will reduce the premium by 10 percent on both new and renewal issues.

FMI: www.AggressiveAviation.com 

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