SkyWatch, a UAV data analysis, risk-assessment platform developer, has signed an exclusive partnership deal with Starr Companies to offer a telematics-based UAV insurance platform.
The partnership will allow Starr to expand its existing drone insurance product, and offer a unique telematics-based insurance to UAV operators.
“We are very excited to partner with a visionary company such as Starr”, said Tomer Kashi, SkyWatch’s CEO. “Their understanding of the importance of safety in aviation, amazing reputation, track record, and innovative approach makes them the perfect partner for SkyWatch.”
Ori Blumenthal, SkyWatch’s CTO, added: “[Starr’s] ability to look to the future and perceive trends is what makes them such a category leader – and their understanding of usage-based insurance is what will keep them there.”
SkyWatch’s mobile application is currently available on an invite-only basis on iOS and Android to both business and recreational operators.
The application connects a raft of unmanned aerial vehicles and allows operators to get real-time hazard warnings based from the drone’s telemetry, calculating a proprietary “safety score” for each flight.
The proprietary “safety score” can be used to set an industry benchmark for operators, who will be more aware of how they fly, and will be able to improve their score as they practice better, safer flights.
Steve Blakey, president and CEO of Starr Insurance Holdings, added: “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 effortlessly obtain the proper data which can be used for better insights on the unique risk a UAV presents.
“We believe that SkyWatch brings a fresh approach to how insurance operates and their safety solutions put them at the forefront of the industry.”
“Drones are a perfect fit for usage-based insurance. Since most drones involve operations from a mobile device, they are connected in their nature,” added Steve Blakey. “As more and more platforms become connected, we expect to be able to offer the same solution for more emerging technologies.”