SkyWatch.AI Partners with Starr to Offer UBI for Drones
SkyWatch.AI, a data analysis, risk-assessment and active risk-reduction platform for drones, announced that it has signed an exclusive partnership deal with Starr to offer an ingenious telematics-based UAV insurance platform. Keyword: exclusive.
The partnership will allow Starr to expand their existing UAV insurance product, and offer a telematics-based insurance to UAV operators.
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 to many unmanned aerial vehicles (UAVs) of choice 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. Additionally, qualified operators can purchase insurance based on, among other things, this safety score.
“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” – President and CEO of Starr Insurance Holdings, Steve Blakey.
Bottom Line: operating in the space of Verifly.