InsurTech SkyWatch.AI and Starr Insurance Companies have launched a usage-based drone insurance product in Canada.
The coverage debuted in Ontario, Canada, and it includes on-demand hourly, monthly and annual drone insurance options based on a proprietary safety platform. SkyWatch.AI said its dedicated drone insurance allows professional drone pilots to easily set and manage their coverage through their mobile or desktop devices.
Starr Insurance Companies is underwriting the policies.
Through SkyWatch.AI, commercial and recreational drone (RPAS) pilots can obtain rapid, flexible liability insurance by the hour, month or year. The telemetry-based risk analysis platform provides a risk map to help pilots plan their flights, get real-time quotes, proactively avoid potential hazards and analyze their performance.
SkyWatch.AI will allow eligible drone pilots to reduce their insurance premiums as they fly safely over time, the company claims. Executives assert that the company’s telemetry-based Safety Score differentiates SkyWatch.AI from any other drone insurance products and can be used to set an industry benchmark for operators to improve their score.
After launching in Ontario, SkyWatch.AI plans to expand into more of Canada in the coming months.
Source: SkyWatch.AI, Starr