Insurance Company Use Of Drones
We sat down with david pitman ceo at converge to discuss the application of drones in the insurance market as well as operational challenges and tips.
Insurance company use of drones. Hobby drone insurance a lot of drone pilots use them for fun whether for the technical joys like those of a model aeroplane enthusiast or to take stunning aerial photographs. This was because the company noted an increase in the cost of claims processing and adjusting that almost matched the payout that was given as compensation. The two most common types of drone insurance are. Converge has worked with large service providers over the past few years to better.
However not all such policies cover drones so it may be worth investing in a specific drone insurance policy. Converge is a software company committed to making the insurance industry faster and more efficient at claims and underwriting through the use of drones. Air as a drone enthusiast myself i ve been lucky to use my drone to capture aerial imagery footage i was unable to take a few short years ago. Erie insurance an american traditional insurer active in the auto home commercial and life insurance sectors is generally credited as the first insurer to use drones to inspect roof damage.
Nationwide insurance nationwide insurance has also recently adopted the use of drones after an extensive period of evaluation and testing the viability of drones for claims inspection. One use for drones is to conduct property insurance inspections. Insurance companies ready to use drones to evaluate claims. My drone in action.
For example a crop insurer might use a drone to inspect a farmer s crops. Finally we can t forget about drones which are expected to have a usd 6 8 billion impact on the insurance industry. You can think about liability insurance like you would with typical car insurance the policy protects you from third party claims of property damage or injury like accidentally crashing your drone into a building someone else s car or an even more unfortunate incident where you re getting sued to cover. Remote monitoring within three to five years increasing numbers of jurisdictions could permit drone flights that go beyond the current height and distance limits enabling insurance companies to remotely monitor sites.
Certain issues may be easier to spot from the air than from the ground. Insurance companies can use drones today for site inspections with a company s representative controlling the drone. Is the only drone the company is permitted to use. It is currently illegal in the united states to fly drones for commercial use.
Insurance giant american international group yesterday april 8 announced it has won approval from the us federal aviation administration to fly drones.
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