Insurance Made for You
We had a pretty bright idea...
Operators are facing high premiums based on blind insurance policies, and waiting too long for claim payouts. We thought: what if operators could pay for their UAV insurance at a low rate for every minute they fly? What if rather than paying flat rates, operators could pay for their insurance only when they're actually using it? We thought that was a pretty good idea, so went ahead and did just that!
Operators can purchase flight insurance with one swipe on our smart device app for any drone on any mission, once they enroll in pay.per.cover. Mission details are automatically sent to verified underwriters to insure at the point of flight. No waiting, no surprise fees, and no distractions.
Click to Claim
Incident claims can take over a month to process, especially for UAVs. Operators using our drone deployment software and usage-based insurance can file claims instantly on their desktops. The flight data provided to insurers automatically verifies claims, so our operators wait less time for the payouts they need.
Become a Disruptor
We did the math. There are an expected 1.6 billion UAV flights projected by the year 2020. That's a lot of flight minutes. An insurer that partners with Precision Autonomy will have access to these insurable flight minutes with our embedded customer base, as well as a diversified client portfolio and automated distribution channel.
Redefine your margins
Insurers have limited data to profitably price premiums and verify claims for UAVs. Today on average, insurers are experiencing a 4% quarterly increase in claims cost. Our data capture software gives transparency into UAV operations and automatically collects relevant flight information to price policies and verify claims. Our insurers are armed with the information they need to operate efficiently and profitably.
Precision Autonomy insurance partners have the opportunity to disrupt traditional insurance operations. Our software automatically delivers all relevant information for pricing policies. Claims are verified with operational and photo data, protecting insurers against fraud, and circumventing standard policy administration costs, like dispatching adjusters.
Corner a new market
Diversify your portfolio in a swiftly rising industry. Precision Autonomy UAV insurance partners will be one of the first disruptors to profit from a unique usage-based pricing model. Using our platform our insurers also cost effectively manage large numbers of small policies.