Swiss Re Corporate Solutions, the direct and commercial insurance division of reinsurer Swiss Re, and Flylcarus, a representative of London broking firm, Bannerman Rendell, have signed a cooperation agreement to offer drone insurance to commercial operators and drone enthusiasts through the flyicarus website.
Under the agreement, Swiss Re will underwrite and back insurance products marketed in the UK through the FlyIcarus online platform.
FlyIcarus said the partnership enables it to expand its drone insurance portfolio to cater to growing market demand for drone cover.
The drone solution covers physical damage, third-party liability, detachable payload cover, ground equipment cover, and theft.
Policies can be tailor-made to the insureds’ specific needs through policy enhancements for coverages such as in-transit cover, worldwide cover, night-flying, fire, storm and flood cover and invasion of privacy.
Drone owners can receive quotes and submit claims online.