Reinsurance News
drone
Minority Broker Partnerships invests in drone specialist MGA Moonrock
2nd October 2025
Peter Cullum-backed Minority Broker Partnerships (MBP) has made a significant investment in drone specialist MGA Moonrock Insurance for a minority shareholding. The Series A investment supports Moonrock’s expansion in the drone and eVTOL insurance sector, positioning the business to meet growing demand in a rapidly evolving market, both in the UK ... Read the full article
Apollo and Moonrock launch new insurance facility for drones, eVTOL, and aviation innovation
24th April 2025
Apollo, the technology-driven insurance platform, in collaboration with Moonrock, a managing general agent specialising in drone insurance, has announced the launch of a new insurance facility designed to support emerging risks in drone, eVTOL, and aviation innovation. The facility offers liability coverage of up to $100 million and property damage coverage ... Read the full article
SkyWatch acquires assets of Droneinsurance.com
9th October 2023
SkyWatch, a digital insurance firm for the aviation industry has acquired the assets of Droneinsurance.com, in a move that brings together two innovative platforms and marks a major milestone across the drone insurance sector. This collaboration also heavily underlines SkyWatch's commitment to providing unmatched coverage and service to drone operators across ... Read the full article
Apollo forms drone insurance facility partnership with Moonrock
8th February 2023
Specialist insurer and reinsurer, Apollo has announced the start of a new drone insurance facility in partnership with Moonrock Drone Insurance. Under the partnership, Apollo will provide capacity to Moonrock, which is designed to provide coverage for larger commercial drone operations, meeting an increased demand in the market. Founded in 2016, Moonrock ... Read the full article
State Farm granted waiver to conduct damage assessment using drones
9th January 2019
State Farm has become the first company in the U.S to be granted a national waiver by the Federal Aviation Administration (FAA) allowing it to conduct damage assessment using drones. The waiver authorises State Farm to conduct drone operations over people (OOP) and flights beyond a pilot’s visual line of sight ... Read the full article
Plug and Play invests in drone Insurtech firm Betterview
21st November 2018
Plug and Play, a Silicon Valley-based innovation platform and venture fund that specialises in the development of early-to-growth stage technology startups, has revealed plans to invest in Betterview, an InsurTech and drone start-up firm backed by Munich Re and Maiden Re. Betterview said that it plans to use the funding to ... Read the full article
Drone InsurTech firm Betterview develops new AI driven roof analysis product
1st August 2018
Betterview, an insurance technology and drone start-up firm that is backed by Munich Re and Maiden Re, has launched a new product that uses artificial intelligence (AI) to analyse the characteristics and risks of a property and its roof, called Property Profile. Property Profile uses satellite imagery and historical weather data ... Read the full article
Insurance Europe calls for drone standardisation across the continent
18th July 2018
Insurance Europe, the European insurance and reinsurance federation, has detailed the kind of drone regulation and standardisation it believes would benefit re/insurers across the continent. The report follows the European Commission’s (EC) recent public consultation on technical standards for drones as a product and conditions for drone operations. The results of the ... Read the full article
Everest Insurance partners with drone start-up Airware
19th June 2018
Everest Insurance has entered into an agreement with San Francisco-headquartered drone analytics providers Airware for this year’s hurricane season. The partnership will give Everest access to Airware’s aerial data analytics and machine learning (ML) capabilities, with the objective of providing greater precision and efficiency to the claims management process. Director of Everest ... Read the full article
Drone tech could reduce storm damage assessment costs by 40%
1st June 2018
Aerial data collection company DataWing Global has claimed that insurers could significantly reduce their response times and lower costs by 40% if they use drone technology for their damage assessments during the upcoming 2018 storm season. DataWing suggests that by working with independent drone pilots, insurers could inspect roofs and other ... Read the full article
AGCS partners with ParaZero on drone safety systems
27th April 2018
Allianz Global Corporate & Specialty (AGCS), the specialist corporate re/insurer of Allianz Group, has partnered with Israel-based drone safety systems company ParaZero to reduce risks related to commercial Unmanned Aircraft Systems (UAS). AGCS plans to offer pricing incentives and preferential conditions to clients using ParaZero products, initially in the U.S market ... Read the full article
Munich Re partners with insurtech Betterview for drone imagery, analysis, reporting
18th January 2018
Global reinsurance player Munich Re has entered into a partnership with insurance technology and drone start-up Betterview, that will see the Munich Reinsurance America, Inc. unit offering drone imagery, analysis and reporting to its insurance company clients. Munich Re will refer any of its insurance company clients that might benefit from ... Read the full article
Betterview clients able to assess historical weather data via Understory partnership
10th October 2017
InsurTech drone start-up, Betterview, has announced that it will integrate Understory, Inc.'s historical weather data into its UAV software platform. Insurance and reinsurance companies use Betterview's software and services to analyse data for buildings and properties, via drone technology. By integrating Understory's historical weather data into its UAV software, Betterview's clients will ... Read the full article
Swiss Re backs FlyIcarus’ online platform for drone cover
22nd September 2017
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 ... Read the full article
Maiden Re invests in InsurTech drone start-up, Betterview
7th September 2017
Reinsurer Maiden Re has announced an investment in InsurTech drone start-up, Betterview, which has now closed a $2.05 million Series Seed round. The latest capital raise takes Betterview's total funding to $3.65 million, and was led by Compound Venture Capital, and included investments from Maiden Re, 645 Ventures, Arab Angel, Winklevoss ... Read the full article
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