Brian Kirwan, UK CEO, AGCS said: “Twenty-two incidents involving commercial airliners and possible drones were investigated by the Civil Aviation Authority’s Airprox Board in the first four months of this year alone. As drone usage increases, new risk exposures will emerge including the risk of cyber-attacks and terrorism. Further incidents are also likely to occur once regulations are finalized that strike a balance between reaping the benefits of drones and minimizing misuse. Future incidents could result in multi-million pound claims against businesses, operators and manufacturers,” Kirwan continued.
Tom Chamberlain, Underwriting Manager for Aerospace and General Aviation, AGCS added: “Allianz is at the forefront of insuring the rapidly expanding UAS industry and we’re excited to partner with Flock to explore Big data driven risk intelligence solutions directly addressing the safety and insurance needs of both commercial and recreational users. This partnership further aligns with Allianz’s digital strategy to focus on new distribution channels for our products and provide enhanced customer journeys in a technologically and digitally changing landscape.”
Ed Leon Klinger, Flock’s CEO, said “Flock is reinventing drone insurance from the ground up. Increasing drone use will bring complex risks. Flock uses cutting edge data analytics to identify and quantify these risks and together with Allianz, you’re now able to insure against them. Our app puts control back into the hands of the pilot, allowing them to purchase insurance exactly when they need it and fully customized to the needs of their job”. Klinger continued “Allianz are a world leading authority in aviation. With their expertise, and Flock’s cutting edge technology, this partnership has the potential to redefine drone safety and insurance.”
The Flock Cover app will be launching later this year and Flock have now opened up early access to beta-testers, with signup available through their website. Flock and Allianz will be announcing more products in the coming months.