Reinsurance News
drones
EagleView expands drone services for streamlined property claims and repair estimates
24th March 2025
EagleView, a provider of drone and asset intelligence solutions for the insurance industry, is broadening its drone services to give insurance carriers more comprehensive options for property inspections, analysis reports, and repair estimates. The company’s current platform, EagleView Assess, employs American-made drones to capture high-quality imagery and uses machine learning and ... Read the full article
Apollo enhances drone insurance offering with product liability coverage
19th February 2025
Apollo, the integrated insurance group, has announced the expansion of its offerings to include drone product liability coverage. This new addition is being provided as part of Moonrock’s existing binder with Apollo, further strengthening their partnership in the growing drone insurance market. Martin Jackson, Class Leader, Aviation, Apollo, said: "We’ve officially expanded ... Read the full article
London market insurers key to future of advanced air mobility: IUA
19th July 2024
The International Underwriting Association (IUA), representing insurance and reinsurance companies in London, has stated that London Market insurers will be essential in advancing new air mobility technologies in the coming years. The IUA emphasised the importance of a thorough certification process that ensures safety and provides access to data, allowing underwriters ... 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
Grinnell Mutual utilises Kespry’s drone tech for property roof inspections
30th May 2019
Grinnell Mutual Reinsurance Company, the Iowa-based property & casualty (P&C) re/insurer, has announced that it is using a drone-based aerial intelligence platform from Kespry for residential and commercial property roof inspections. By utilising the platform, Grinnell Mutual hopes to significantly reduce inspection time, expedite claims processes, reduce loss adjustment expenses, and ... 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
BIBA partners with Tokio Marine Kiln on new drone insurance scheme
7th August 2018
The British Insurance Brokers’ Association (BIBA) has partnered with specialist and corporate insurer Tokio Marine Kiln (TMK) to launch a new drone insurance scheme. The Lloyd’s-backed scheme offers coverage for companies operating drones for either commercial or business purposes and is available via a digital platform that enables brokers to quote ... 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
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
Lloyd’s welcomes UK government drones’ legislation
30th November 2017
The Lloyd's Market Association (LMA) has welcomed the UK government's proposal for drone legislation which will place new responsibilities on owners of drones weighing more than 250g, such as mandatory registration and the requirement to take a safety awareness test. Paul Maguire, Chair of the LMA Aviation Committee and Head of ... Read the full article
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