SkyWatch and Global Aerospace launch on-demand aviation renters insurance
SkyWatch.AI has launched a usage-based insurance product for rented light aircraft that offers yearly, monthly, weekly, and daily coverage options. The launch is in collaboration with Global Aerospace, a provider of aviation insurance and risk management solutions for the aviation and aerospace industries. SkyWatch will distribute the product – available in most US states – directly to pilots and via select partners, while Global Aerospace will provide underwriting and claims.
SkyWatch claims that it is the first to offer weekly and daily plans, enabling pilots to pay only for their time in the sky.
“Together with Global Aerospace, we’re providing pilots with flexibility and freedom through this usage-based insurance product. SkyWatch is committed to providing the best value to all aviators and leveraging data is key to offering flexible and cost-effective insurance options. The difference we make for aviators inspires us to keep innovating on all fronts.” – Tomer Kashi, CEO and Co-Founder of SkyWatch.
“We are excited to partner with SkyWatch to provide an industry-first offering. The decision to build an easy-to-use, technology-based platform to provide pilots of rented or borrowed aircraft with flexible and affordable usage-based coverage options aligns with our commitment to drive innovation and simplify the process of buying insurance.” – Jeff Bruno, president and chief underwriting officer of Global Aerospace.