SkyWatch.AI, announced today its partnership and technological integration with nine leading US aviation brokers to provide drone insurance on a monthly subscription basis from a dedicated web portal.
FOR IMMEDIATE RELEASE / PRURGENT
Palo Alto, California, May 2nd, 2019 - SkyWatch.AI, a leading risk-assessment and InsurTech platform for the drone industry, announced today its partnership and technological integration with nine leading US aviation brokers to provide drone insurance on a monthly subscription basis from a dedicated web portal.
These brokers will now offer their customers direct access to SkyWatch.AI’s monthly drone insurance plan as part of their service, the policies are underwritten by Starr Insurance Companies.
The first nine brokers to enroll in the SkyWatch Web program are:
- Aviation Marine
- Falcon Insurance
- Fields Group
- Harpenau Insurance
- Hill & Usher (Aerial Pak)
- MFE (InsureMyDrone)
- Plimsoll Specialty
- Sky Smith
The commercial drone industry continues to grow exponentially, with projections that businesses and civil governments will have spent $13 billion on drone technology between 2016 and 2020. With the potential for usage in industries from firefighting to photography to farming, drones have proven their value in safety, accuracy, and costs. But if proper risk protocols are not taken before operation, these drones can pose major risks. The potential threat posed by commercial drones has led to the need for more effective insurance platforms for any pilot engaging in these activities.
To mitigate these risks, SkyWatch.AI created an on-demand insurtech platform for commercial drone use that provides data analysis and active risk-reduction capabilities for drone pilots; this means pilots can fly safer, faster, and more efficiently at great insurance rates. Drone pilots can now purchase SkyWatch.AI’s liability and hull insurance through their broker’s web portal. Pilots benefit both from the personal service of their trusted broker and a seamless, intuitive digital experience.
“After serving thousands of drone pilots with the SkyWatch.AI mobile app, we saw the demand to expand our solution to include even more drone pilots, including those who would like to continue working with their existing brokers. Hence, we’re excited to launch this new development,” said Tomer Kashi, CEO of SkyWatch.AI. “We are proud to have partnered with innovative brokers to offer best-in-class, on-demand drone insurance solution via web and mobile.”
Pilots can purchase and manage their insurance directly from SkyWatch Web without downloading SkyWatch.AI’s mobile app and enjoy the same prices and insurance discounts based on their Safety Score, as well as other underwriting factors. Pilots who already use the mobile app will have their accounts fully synchronized between the SkyWatch.AI mobile app and the web portal.
SkyWatch.AI is a leading data analytics platform offering drone pilots best-in-class insurance solutions. The SkyWatch platform leverages the power of machine learning to not only assess the risk, but to actively mitigate it. Insurance is provided by SkyWatch Insurance Services, Inc. a licensed insurance broker in all US states where SkyWatch operates and is underwritten by STARR Companies.
For more information, visit www.skywatch.ai.
About Starr Insurance Companies
Starr Insurance Companies (or Starr) is a marketing name for the operating insurance and travel assistance companies and subsidiaries of Starr International Company, Inc. and for the investment business of C. V. Starr & Co., Inc. and its subsidiaries. Starr is a leading insurance and investment organization with a presence on six continents; through its operating insurance companies, Starr provides property, casualty, and accident and health insurance products as well as a range of specialty coverages including aviation, marine, energy and excess casualty insurance. Starr’s insurance company subsidiaries domiciled in the U.S., Bermuda, China, Hong Kong, Singapore and U.K. each have an A.M. Best rating of “A” (Excellent). Starr’s Lloyd’s syndicate has a Standard & Poor’s rating of “A+” (Strong).
Head of Business Development