Flock Cover and Allianz Partner on On-Demand Drone Insurance

Allianz Global Corporate & Specialty, the corporate insurance carrier of Allianz, announced that it has partnered with Flock to deliver on-demand drone insurance in the UK . The product is scheduled to launch later this year and is supposedly UK’s first pay-as-you-fly drone insurance. Three Fun Facts: (1) Coverage will be offered for commercial and recreational drone users. (2) Flock has partnered with data providers to aggregate real-time data relevant to drone flight risk such as drone data, operator profiles, environmental data, and hyperlocal weather conditions. In turn, Flock’s algorithms convert this real-time geospatial data into a risk metric, and then an insurance premium for commercial or recreational drone flights. (3) It looks really good. Recall insurtech-slash-drone players here.