Following a successful run in the United States, Skywatch. AI, an on-demand telematics-based Insurance Platform for commercial drones, has launched in the UK. The Insurtech start-up will provide Insurance policies to drone operators in the UK underwritten by specialty relinsurer Chaucer. It will allow drone pilots to purchase third party liability Insurance through its mobile application, choosing either a monthly or per flight coverage plan. Drone start-ups companies are pushing for greater presence in the Drone Industry.
Isreali drone Insurance start-up Voom recently raised $5 million dollars for expansion. The funding was led by Arbor Ventures with participation from existing investors, and new partner plug and play ventures, a silicon Valley based accelerator and corporate Innovation platform.