The new offering will allow light aircraft owners to get a customized insurance policy online in a few minutes, helping pilots save time and money.
FOR IMMEDIATE RELEASE / PRURGENT
Palo Alto, CA – 03.21. 2023 - SkyWatch is thrilled to announce the launch of its fully digital Aircraft Owner's Insurance platform. This game-changing offering empowers light aircraft owners to easily customize their insurance and obtain coverage in a matter of minutes, with no need for a middleman. The new platform will allow a hassle-free experience instead of the complicated, time-consuming insurance processes, aircraft owners have to deal with today.
The new product is backed by Global Aerospace, a leading provider of insurance and risk management solutions for the aviation industry. This new service will be distributed directly to pilots and via selected partners, providing an end-to-end digitized quote and bind experience.
“We believe it is time for the next generation of aviation insurance - faster, easier, and more customized to the needs of pilots. Our innovative approach is built on a foundation of data-driven technology and a deep understanding of the unique needs of pilots. We've already established ourselves as market leaders in the drone insurance space, and our flexible aircraft renter’s insurance has been a huge success. Now, we are proud to enable pilots benefit from a new era of simplified, quick, and easy-to-use aircraft owners’ insurance”, said Tomer Kashi, Co-Founder, and CEO of SkyWatch.
“We are excited to expand our partnership with SkyWatch to provide a top-notch offering for light aircraft owners. The decision to build a new easy-to-use, technology-based platform to provide the best user experience for pilots, aligns with our commitment to drive innovation and simplify the process of buying aviation insurance”, said Jeff Bruno, President and Chief Underwriting Officer at Global Aerospace.
Last year, Skywatch launched a unique on-demand aircraft renter’s insurance. Since its debut, thousands of pilots have enjoyed the ability to customize their insurance policy plan according to the amount of time they spend in the air. Now, the company takes it to the next level and empowers light aircraft owners with a better way to insure their planes. Light aircraft owners and renters can get a policy customized to their needs with only a few clicks at www.skywatch.ai.
SkyWatch has established itself as an InsurTech leader with its innovative insurance solutions for the world of aviation. From drones to light aircraft, its data-driven, usage-based insurance products are designed to provide pilots with exactly what they need while ensuring maximum ease of use. The company is a licensed insurance broker in all 50 US states and in Canada with offices in Tel Aviv, Israel and in Palo Alto, CA. SkyWatch is powered by VOOM, an innovative InsurTech company, creating next-gen insurance products for the future of mobility. See more at https://www.skywatch.ai/company
About Global Aerospace
Global Aerospace is a leading provider of aerospace insurance with a worldwide portfolio of clients who are engaged in every aspect of the aviation and space industries. Headquartered in the UK, the company has offices in Canada, France, Germany, Switzerland, and throughout the United States. Across the world, Global Aerospace employs over 300 people. With experience dating back to the 1920s, the company’s underwriting is backed by a pool of high-quality insurance companies representing some of the most respected names in the business. For additional information about Global Aerospace, please visit www.global-aero.com.