drone insurance News

On-Demand Insurance to Play Major Role in Industry’s Future: IUA Research

On-demand insurance will play a fundamental role in the future of the industry, according to research published by the International Underwriting Association (IUA). Pay-as-you go models of cover will allow customers to automatically activate policies, when and where they need …

Verifly, Now Thimble, Raises $22M to Fuel On-Demand Insurance Growth

Thimble, formerly known as Verifly, raised $22 million in new financing designed to fuel further expansion and diversification well beyond its original focus on on-demand drone insurance. Existing investors Slow Ventures, AXA Venture Partners and Open Ocean participated in a …

SkyWatch.AI Launches On-Demand Drone Insurance in UK, Underwritten by Chaucer

SkyWatch.AI, the on-demand, telematics-based insurance platform, has launched in the United Kingdom following last year’s launch in the United States. SkyWatch.AI’s UK policies will be underwritten by specialty insurance and reinsurance group Chaucer. SkyWatch.AI is offered by on-demand, usage-based specialized …

UK to Extend No-Fly Zone for Drones Flying Near Airports

Britain will impose a 5 kilometer (3.1 mile) drone exclusion zone around its runways as the government responds to illegal incursions that closed London Gatwick airport for 36 hours in December, disrupting travel for more than 120,000 people. The measures, …

Dubai International Airport Suspends Flights over Suspected Drones

Flights from Dubai International Airport were suspended for half an hour starting from 10:13 a.m. local time over “suspected drone activity,” a Dubai Airports spokesperson said in an emailed statement. A hub for Emirates airlines, the airport in Dubai is …

London’s Heathrow Briefly Halts Flights After Drone Sighting

The Heathrow airport was partially shut for more than an hour after drone sightings near runways raised safety concerns, the second time in a month a London airport had to suspend flights because of dangers from modern-day gadgets. Departures were …

London’s Gatwick Airport Reopens After Drones Cause 36 Hours of Travel Chaos

London’s Gatwick Airport reopened on Friday after a saboteur wrought 36 hours of travel chaos for over a hundred thousand Christmas travelers by using drones to play cat-and-mouse with police snipers and the army. After the biggest disruption at Gatwick, …

London’s Gatwick Airport Suspends Flights on Multiple Drone Sightings

London’s Gatwick airport is closed to aircraft following multiple sightings of illegal drones, disrupting flights for as many as 115,000 people on one of the busiest travel days of the year. Lines of passengers circled Gatwick’s two terminals Thursday and …

UK Insurtech Flock Launches Pay-As-You-Fly Drone Insurance

Flock, a London based startup, has launched Europe’s first “pay-as-you-fly” drone insurance solution. The “Flock Cover” smartphone app provides on-demand insurance for commercial drone pilots in the UK, with policies starting from just £5 ($7) for up to eight hours …

Drone Segment Will be Biggest Growth in Aviation Insurance in 50 Years, Experts Say

Now’s the time to get in on the ground floor of the business of insuring drones. That’s according to panel of experts speaking recently in a drone insurance webinar hosted by Insurance Journal. The consensus from the panelists was that …