Risk Analytics
Accurately track and control the operational risks associated with aircraft in an asset portfolio
Global events have increased the need for aviation financiers and insurers to accurately monitor aircraft movements and ground stays globally. Fines for incorrect operations of aircraft can range from several hundred thousand to a million dollars. Businesses seek to proactively monitor and mitigate regulatory, financial, repossession and jurisdictional risk associated to aircraft assets in a custom portfolio.
Fast, flexible, and configurable, Cirium’s new Risk Analytics Asset Watch tool enables aircraft lessors, banks, asset managers and insurers to monitor and benchmark aircraft utilization, identify flight history of aircraft and access the exact location, duration and context of aircraft on the ground.
Businesses can combine this with CO2 emissions data within the tool to additionally monitor emissions of a portfolio of aircraft and scenario model to reduce carbon footprint.
Gain access to the most complete aircraft data and analytics combined with industry standard flight intelligence via a flexible and easy-to-use configurable analytics tool.
Risk Analytics is part of Cirium Ascend®, providing aircraft analytics to empower businesses around the world to make dial-shifting financial risk, investment growth strategy and market assessment decisions.
Mitigate losses, fines and reputational damage with Asset Watch
Asset Watch is the latest release as part of Risk Analytics. It combines Cirium’s advanced tracked utilization data with satellite-based flight tracking to proactively monitor and mitigate operational risk associated to aircraft assets.
Businesses get the benefits of creating custom aircraft portfolios, fleet information and aircraft utilization trends with precise aircraft movements and contextual ground stay insights on top.
Enabling improved monitoring of aircraft in a portfolio, effectively tracking its location and details, and mitigation of any financial impact and forms of non-compliance.
Risk Analytics Product Demo
On-demand webinar (live date: 24th August 2023)
Get a taste of Risk Analytics’ custom portfolio configurability with a short demo of how to monitor and benchmark aircraft utilization and CO2 emissions.
Identify the historical locations of assets in a portfolio
Gain access to Cirium’s advanced tracked utilization data and satellite-tracked flight data providing the most complete coverage of all modern aircraft globally. Since integrating satellite data from Aireon, the aircraft identification coverage has increased to 91% for scheduled flights and from 10,000-15,000 flights per day to 50,000-60,000 for unscheduled flights. Leverage industry standard ground stay information and identify any risk associated with a ground stay.
Inform decisions to mitigate any losses
Customize visualizations surfacing high-quality data with ease and speed, saving time and effort spent on analyzing aircraft movements and ground stays in a portfolio. Quicker action based on reliable data can lead to effective reporting on aircraft utilization and can enable the mitigation of any financial impact because of operations to sanctioned countries, repossessions, or global macro events.
Spot signs of aircraft misuse
Create custom portfolios of aircraft and use filters and thresholds to generate Aircraft of Interest to keep track of. Apply multiple filters such as country and airport groupings and dive into the MSN and detailed flight information, and thresholds to Total Flights and Ground Stay data.
Compare and benchmark aircraft portfolios
Search and filter by multiple attributes including individual aircraft, operator, lessor and more and compare custom portfolios. Benchmark a portfolio and their key metrics against other portfolios or global fleet averages, comparing key utilization and emissions metrics to inform ESG reporting or strategies to reduce CO2 emissions and identify low aircraft utilization.
Unrivaled tracked aircraft utilization and ground stay analysis
Lessors
Proactively monitor and mitigate regulatory risk because of current assets’ operations into sanctioned countries, financial risk because of aircraft being flown when it shouldn’t be, repossession risk because of operations into conflict zones and early signs of slowdown in operations. Better manage aircraft assets according to contract terms and industry standards.
Banks
Improve the monitoring of aircraft in a portfolio and mitigate any financial impact and forms of non-compliance. Proactively monitor and mitigate any operational risk associated to assets, identify when flying and/or spending time on the ground in sanctioned countries, into conflict zones and more.
Insurers
Analyze the duration, location, and reason for an aircraft being grounded. Gauge possible risks associated with a ground stays and understand if policy wording/limits have been breached or sanctions violated.
Add CO₂ emission insights
With the fast, flexible and configurable Risk Analytics tool, businesses can add CO₂ emission benchmarking and scenario modelling to the tool. Identify carbon emissions of a portfolio and quantify how next generation aircraft types or aircraft utilization are lowering or could lower carbon footprint. Compare emissions of a portfolio with competitors and industry standards.
What’s included in Risk Analytics?
| Precise aircraft movements Asset Watch brings leading tracked utilization, flight tracking and ground stay data together to identify exact locations of aircraft and on-the-ground information. | Satellite-based aircraft tracking Integrated advanced tracked hours and cycles data from Aireon, providing almost 100% coverage of commercial aircraft globally. | Largest fleets database Data on over 450k unique aircraft records across over 770 aircraft types. Includes data on over 2.4bn aircraft events and over 300 attributes per aircraft. Fleet attributes automatically update in Asset Watch. |
| Unlimited custom portfolios Create and manage custom groups of aircraft with ease. Saving significant time versus traditional methods of deriving custom insights around aircraft utilization and emissions. | Comparison of metrics Benchmark a portfolio against other portfolios or global fleet averages, comparing key utilization and emissions metrics by month. | Multi search and filters Manipulate the data by country and airport groupings and dive into MSN and flight-level details. Apply thresholds to Total Flights and Ground Stay data to narrow down the Aircraft of Interest. |
| Industry expert data team Fleets data experts with decades of experience, making 2.7k new updates for 1.3k unique aircraft on average per week. Flight data experts making sense of over 200,000 flights per day. | Fuel burn and CO2 emissions CO2 emissions outputs commended by American Airlines and Virgin Atlantic for accuracy and endorsed by Zurich Insurance. | Detailed flight history Asset Watch shows detailed flight history by MSN for the selected time period. Businesses can get a sense of arrivals, departures, and ground time by date for the selected airport or country. |
| Unified Cirium access Access the highly dynamic tool using Cirium Ascend’s common interface, complimentary to other Ascend products such as Fleets Analyzer, Ascend Profiles and more. | Flexible and configurable Customize visualizations, drilling into detailed aircraft utilization and flight information and download the custom views created to support reporting and analyses. | 24/5 customer support 15-person customer support team with a consistent 90%+ satisfaction score. |
Discover Risk Analytics – get a demo
View other modules and services in the Cirium Ascend suite
Explore the aircraft analytics at the core of Cirium Ascend
Tracked Utilization
Fleets and Values
CO2 emissions
Cirium Ascend Risk Analytics – Design aircraft portfolio
Cirium Ascend Risk Analytics – Compare risk indicators across aircraft portfolios
Cirium Ascend Risk Analytics – aircraft portfolio detail
