Originally Posted by
rustle
The interesting thing about self regulating through insurance is that whilst that may be the case within the US, it is not the case for an FAA ME pilot outside the US (in the UK for example).
In those cases there is neither the statutory blunt instrument of annual check flights, nor monetary incentive through insurance only being available if current and with 100s of hours on type.
Perhaps this has occurred to the insurance companies. My insurers are AXA. They are not a small business and they employ actuaries who may know more about risk assessment than even the commentators on this forum. If they do not differentiate in premiums between the JAR regime and the FAA one for operations in Europe, perhaps, despite all your concerns, it is because there is no safety issue, as the Dft admitted in its original consultation.