InsurTech Spotlight: SkyWatch


Company: SkyWatch.AI Drone Insurance


Business Category: An insurance practitioner (insurer, MGA, broker, agent)

Maturity Status: Startup (less than 3 years since product went into production)

Product or Service: Tailor-made drone insurance for professional drone operators

Area: Property & Casualty insurance

Business description:

SkyWatch.AI uses telematics and AI to provide drone pilots with on-demand, personalized, and flexible drone insurance policies by the hour, month, and year. Our advanced mobile app and web platform allow pilots to customize their coverage – from liability limit, hull insurance, and additional insured – and produces the necessary documentation instantaneously. The ability to digitally obtain drone insurance, on the move, allows drone pilots to not only fly with peace of mind, but proceed to their commercial obligations as quickly as possible.

What makes us an InsurTech:

SkyWatch.AI offers a fresh take on traditional insurance. The SkyWatch.AI platform allows policy activation in 90 seconds and policy modification at any time. Managers, pilots, and brokers can access, bind and manage their policies when and how they want to.

Major features & technology used:

SkyWatch.AI provides three different policy options. Our on-demand hourly policies can be purchased through the mobile app. The app provides real-time weather, AI-based hazard warnings, and advanced flight planning features that allow pilots to define their exact flying space and reduce risk. Through our monthly and annual plans, pilots are covered any time anywhere, without the need to plan out each specific flight but with the freedom to change when needed.

Our advanced technology allows pilots to share their previous flight logs with us in order to obtain a Safety Score. The Safety Score algorithm collects flight factors and gives pilots an analysis of their safety measures.

SkyWatch.AI also changed the way claims are handled. With a short digital submission and an advanced management system, claims are now handled in record times.

Each of our solutions is available as a stand-alone product or as a full package for brokers and partners.

News & Updates

See the latest SkyWatch news.

About SkyWatch

SkyWatch.AI is the world’s first on-demand, telematics-based insurance platform for commercial drones. The SkyWatch.AI platform leverages the power of machine learning to assess and mitigate risks and provide on-demand insurance for drone pilots across Canada, the US, and UK.

SkyWatch.AI’s policies are underwritten by STARR Companies, the largest aviation insurer in North America, rated “A” (Excellent) by A.M. Best.

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Source: SkyWatch.AI

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