We’ve recognized an opportunity in emerging risk – modern technology captures vast amounts of valuable sensor and performance data for autonomous and robotics technology like commercial drones, but this data is not being actively utilized to precisely price risk. Precision Autonomy helps firms profitably participate in this market and position for future technologies, and new risks that emerge.
At Precision Autonomy we’re taking a data-driven, algorithmic approach to insurance and accountability for commercial drone operations. We pride ourselves that the Precision Autonomy platform is easy for our partners to integrate, and have proven processes from implementations to help drive program success. We’re partnering with forward-thinking insurers and brokers worldwide to profitably enter this market and pioneer next gen risk and pricing models.
What We Do
Our cloud platform
Is the exposure really the same for multi-spectral agricultural work as it is for Lidar mapping in an urban environment? If a user switches from a $5k film camera on their drone to a $15k thermal camera, shouldn’t the exposure change with a simple experience for operator and insurer?
What value does Precision Autonomy bring to insurers and brokers?
Precision Autonomy Today
We’re currently working with global providers, and commercial drone operators small and large.
- In Australia, we’ve partnered with insurers to offer our solution at scale to commercial drone operators in one of the most active countries for commercial drone operations.
- Today, we’re working with drone operators including flight schools, small drone service provider businesses, manufacturers and industry enterprises with large drone fleets with thousands of mission that are rapidly scaling
- These operators use drones to capture data for agriculture, construction, inspection, real estate, insurance, cinema and more. They use our applications in the field to purchase insurance and log claims.
- In the office, teams use our cloud platform for fleet management, account setup, and administration of tasks related to drone insurance and flight scheduling, resulting in increased compliance and efficiency.
- These technology platforms we’ve created, along with our integrations with hardware and software technology, provide data and variables that allow insurance partners to better price their offerings, and give us historical baselines we can provide to our partners
- Operators see the value in our pay-per-minute model, and in the enforcement of better compliance and process as they scale their commercial drone operations.