One of the first Canadian insurers to offer drone coverage used the RIMS Canada conference to share valuable lessons already learned from that offering.
On the opening day of the Risk and Insurance Management Society (RIMS) Canada conference in Québec City,
Zurich Canada released a white paper designed to engage brokers on the topic of drones.
“We want to support our customers that wish to embrace new technologies by helping them understand and protect themselves from the risks the new technologies create,” Urs Uhlmann, CEO, Global Corporate, Zurich Canada, said in a statement. “This white paper lays out some of the big issues that our customers need to think about as they move into this area.”
The multiline insurer, one of the first to offer a drone insurance package in Canada for corporate clients, hopes to leverage its insights and act as a “discussion starter” for those in the industry. In addition, it hopes the white paper will provide recommendations for companies looking to mitigate the new and emerging risks associated with unmanned aerial vehicles.
Some of the white paper’s notable themes include:
- Drone adoption in both the civil and commercial sphere are slated to grow “exponentially,” with the market forecasted to reach US$100 billion in about a decade
- Drones are integral to saving lives and money, particularly when replacing humans for such roles as visual inspection and surveillance. In fact, the Federal Aviation Administration (FAA) in the U.S. believes that preventing a cell tower worker’s death can save up to US$9.2 million.
- Companies who choose to operate drones may want to consider enrolling employees in a training program and keep them apprised of aviation safety procedures.
