InsurTech SkyWatch.AI and Starr Insurance Companies launch a Usage-Based Drone Insurance Product in Canada

    SkyWatch.AI and Starr provide on-demand hourly, month-to-month and annual drone insurance coverage options primarily based on a proprietary security platform
    Palo Alto, California, February 11, 2020 Today, SkyWatch.AI, the world’s first on-demand, telematics-based insurance coverage platform for business drone pilots, launched its drone insurance coverage product in Ontario, Canada. SkyWatch.AI’s devoted drone insurance coverage permits skilled drone pilots to simply set and handle their protection by their cellular or desktop gadgets. The insurance policies are underwritten by a member of Starr Insurance Companies, the main aviation insurance coverage firm in North America, which has insurance coverage carriers rated “A” (wonderful) by AM. Best.
    Through Skywatch.AI, business and leisure drone (RPAS) pilots quickly obtain versatile legal responsibility insurance coverage by the hour, month or 12 months. The telemetry-based danger evaluation platform offers a best-in-class danger map to assist pilots plan their flights, get real-time quotes, proactively keep away from potential hazards and analyze their efficiency.
    SkyWatch.AI will enable eligible drone pilots to cut back their insurance coverage premiums as they fly safely over time. Their telemetry-based Safety Score differentiates SkyWatch.AI from some other drone insurance coverage merchandise and can be utilized to set an trade benchmark for operators to enhance their rating.
    “The drone industry is rapidly growing and 2020 is set to be a pivotal year for drone pilots on all levels. We want to provide drone pilots innovative technology and insurance with extremely flexible coverage plans.” stated Tomer Kashi, CEO and co-founder of SkyWatch.AI. “We’re excited to have SkyWatch.AI expand into Canada, and after our initial run in the province of Ontario, we plan to expand to more regions and provide more Canadian drone pilots with our advanced insurance solutions.”
    “After setting a new standard for drone insurance in the United States in terms of coverage, flexibility, automation and ease of use, we are proud to expand our relationship with SkyWatch.AI to Canada,” stated Paul O’Ryan, Canadian territory supervisor, normal aviation at Starr. “The need for usage based insurance is rapidly growing, and we look forward to meeting the demands of professional drone operators in Canada as well.”
    SkyWatch.AI’s drone insurance coverage is now obtainable on the SkyWatch web site and on Google Play and Apple App retailer. 
    About Starr Insurance Companies
    Starr Insurance Companies (or Starr) is a advertising and marketing title for the working insurance coverage and journey help corporations and subsidiaries of Starr International Company, Inc. and for the funding enterprise of C. V. Starr & Co., Inc. and its subsidiaries. Starr is a number one insurance coverage and funding group with a presence on six continents; by its working insurance coverage corporations, Starr offers property, casualty, and accident and medical health insurance merchandise in addition to a variety of specialty coverages together with aviation, marine, power and extra casualty insurance coverage. Starr’s insurance coverage firm subsidiaries domiciled within the U.S., Bermuda, China, Hong Kong, Singapore, U.Ok. and Malta every have an A.M. Best ranking of “A” (Excellent). Starr’s Lloyd’s syndicate has a Standard & Poor’s ranking of “A+” (Strong).
    About SkyWatch.AI
    SkyWatch.AI is the world’s first on-demand, telematics-based insurance coverage platform for business drones. The SkyWatch.AI platform leverages the ability of machine studying to evaluate and mitigate dangers and supply on-demand insurance coverage for drone pilots throughout the US, Canada, UK and Israel.
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