unmanned aircraft systems (UAS) 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 …

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 …

Starr Offers Drone Coverage to Academy of Model Aeronautics Members

Starr Companies have formed an agreement with the Academy of Model Aeronautics (AMA) to offer its members insurance coverage for the commercial use of unmanned aircraft systems (UAS), also known as drones. Coverage includes personal injury up to $250,000 each …

Allianz, Insurtech Startup Flock to Launch Pay-As-You-Fly Drone Cover in UK

Allianz Global Corporate & Specialty (AGCS) has partnered with insurtech startup Flock to launch on-demand drone insurance in the UK market through a mobile app for commercial and recreational users. To be available in the UK market later this year, …

Drone Maker DJI Offers Operator ID Framework

The world’s largest maker of unmanned aircraft systems (UAS), China’s DJI, has proposed an electronic identification framework for UAS that would allow authorities in the United States to identify drone owners when necessary while also respecting their privacy. Last year, …

New U.S. Rules Seen ‘Major Step’ for Drone Industry; Rules on Deliveries Still to Come

The Obama administration is opening U.S. skies to more commercial drones with long-awaited regulations that the government hopes will spawn new businesses inspecting bridges, monitoring crops and taking aerial photography. In the most comprehensive set of rules yet for the …

U.S. Issues Final Commercial Drone Regulations

The Federal Aviation Administration has finalized the first operational rules for routine commercial use of small unmanned aircraft systems or drones opening pathways towards fully integrating UAS into the nation’s airspace. The rule promises to generate more than $82 billion …

Willis Programs Launches DroneGuard for Unmanned Aircraft Systems

Willis Programs, a unit of Willis Towers Watson, and the Association for Unmanned Vehicle Systems International (AUVSI), an industry association for unmanned systems, have partnered to develop DroneGuard, an insurance program for AUVSI’s members. DroneGuard is designed for unmanned system …

Large Insurers Eager But Cautious About Drone Insurance Market

A growing number of insurance companies envision a large, robust insurance market for liability and property coverage associated with drone use. However, many insurers currently are proceeding with caution in light of uncertainty about how the drones will be used …

Zurich Canada Issues ‘White Paper’ on Drones & Risk Management

Zurich Canada has released a new white paper on unmanned aircraft systems (UAS), commonly referred to as drones at the Risk and Insurance Management Society (RIMS) Canada Conference in Québec City. Entitled, “Hovering Over Opportunities: Managing risk with drones, and …