HDI Global Specialty, a joint venture of Hannover Re and HDI Global, has inked a commercial drone partnership with underwriting agency Precision Autonomy.
Under the deal, Precision Autonomy will provide drone insurance, both traditional annual policies and pay-per-minute policies, for operators in Australia and New Zealand on behalf of HDI Global Specialty using its cloud-based platform and unique rating model.
“We’re delighted to be partnering with such a forward-thinking global specialist insurance company,” said Mark Halverson, Precision Autonomy’s CEO and co-founder. “As technology advances and we seek alternative, sustainable, and safer autonomous transport and delivery, this market, including commercial drone use will grow dramatically. Providing the right insurance solutions for brokers and operators will be the key to this growth.”
“Precision Autonomy’s platform, rating, and pricing models are dynamic and highly sophisticated,” said Mark Fleiser, general manager and head of branch at HDI Global Specialty SE Australia. “I look forward to seeing this partnership realise its potential in offering brokers and their clients truly differentiated autonomous aviation risk solutions.”