New York, NY
Starr Insurance Companies today announced an agreement with SkyWatch, a data analysis, risk assessment, and active risk-reduction platform for the drone industry. The agreement will offer qualified unmanned aerial vehicle (UAV) operators the ability to secure insurance “on demand” for each flight. Insurance costs can be reduced with telematics over time, allowing UAV operators to put safety in alignment with their operational needs.
“The use of UAVs is growing rapidly. SkyWatch allows qualified UAV operators to easily secure quality insurance coverage which is essential for any business. SkyWatch delivers the ability for Starr’s aviation business unit to easily obtain the proper data which can be used for better insights on the unique risk a UAV presents,” stated Steve Blakey, president and chief executive officer, Starr Insurance Holdings, Inc. “We believe that SkyWatch brings a fresh approach to how insurance operates, and their safety solutions put them at the forefront of the industry.”