London-based Skyrisks Limited has partnered with Quotech, an underwriter-led developer of fully integrated technology platforms for underwriting and broking teams, to provide insurance coverage for the “rapidly growing Advanced Air Mobility (AAM) sector.”
According to Skyrisks, AAM encompasses “groundbreaking” aircraft like the new generation of electric vertical take-off and landing (eVTOL) vehicles, along with a wide range of innovative technologies for both piloted and autonomous flight.
“AAM is transforming passenger and cargo operations across various commercial, private, and military contexts. Skyrisks, supported by Convex’s capacity, has adopted Quotech’s Underwriter Workbench to streamline the insurance process for this exciting high-tech industry,” the firm explained.
Alistair Blundy, Skyrisks’ CEO, said, “AAM risks are varied and data-intensive, necessitating an underwriting approach that offers instant access to all necessary information.
“We’ve embraced a data-driven strategy for AAM insurance, allowing us to create innovative first- and third-party insurance products that match the innovation seen in our clients’ businesses.
“Quotech’s platform empowers us to focus on the intricacies of each risk by simplifying the underwriting process.”
Guillaume Bonnissent, CEO of Quotech, added, “We’re thrilled to collaborate with Skyrisks, the first MGA (Managing General Agent) exclusively dedicated to this cutting-edge transportation and logistics realm.
“Our workbench product addresses multiple pain points within the underwriting process by delivering precise data when and where it’s needed.”
“Whether our clients are underwriters, brokers, actuaries, claims managers, or other professionals in the risk sector, Quotech’s capabilities in risk assessment, pricing support, portfolio exposure analysis, capacity sourcing, integrated audit trail creation, and reliable automation of routine tasks are unparalleled.”
