Starr launches on-demand aviation renters insurance
Starr Insurance Companies announced the launch of Starr Gate, a general aviation policy for pilots who rent aircraft. The product allows pilots to pay for coverage based on when they are flying. The program includes the ability to access CloudAhoy, a third-party, cloud-based pilot analytics tool, for a potential discount on the premium.
“This product is a significant innovation for Starr. For the thousands of pilots around the U.S., it’s a smarter way to get coverage. We’re leveraging technology to enhance safety and tailor coverage to match the market’s actual needs.” – Maurice R. Greenberg, Chairman and CEO of Starr Insurance Companies.
“Starr Gate is better aligned with a pilot’s skills and flight time. With CloudAhoy data, we can write coverage in high definition. It’s customized insurance that can make you a better pilot. Giving pilots the flexibility to buy on-demand coverage could not have come at a better time as we begin to emerge from this public health crisis. Qualified pilots can obtain coverage for when they fly. If you’re not flying now, apply for the coverage you need when you do start to fly again.” – Jim Anderson, Senior Vice President of Starr Aviation.
“Using data-driven technology to provide quantitative, objective feedback to pilots has always been part of our vision. We are delighted to see it used in a positive way to reward pilots, and to promote safety and proficiency.” – Chuck Shavit, the creator and CEO of CloudAhoy .
Starr Gate is available now directly to pilots through an iPad app as well as through insurance brokers.
Bottom Line: “you could save up to 35% on aircraft renters insurance when you demonstrate safe habits in the cockpit.”