Drone insurance is something of an “in thing” in the insurance world, currently, with demand rapidly rising as unmanned aerial systems (UAS) become more commonplace.
Now, one firm is hoping to capitalise on this surge in popularity with a new solution for brokers.
Tokio Marine Kiln has added UAS insurance to its One TMK digital exchange allowing brokers to quote and bind policies in real time from anywhere in the world. The product, which is available immediately, comes with what the firm describes as “an enhanced policy wording”.
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“UAS, more commonly known as drones, are playing an increasingly important role in the world and they’re a class of business we’ve been pioneering for a number of years,” said James Walker, head of aviation at Tokio Marine Kiln.
“We are delighted to be able to offer efficiencies and cost savings to our clients and broking partners by distributing our enhanced coverage through the One TMK platform.”
The One TMK digital exchange was launched back in July last year with the aim of lowering transactional costs for brokers and enabling them to provide a more efficient service to their clients. According to Tom Hoad, head of innovation at Tokio Marine Kiln, more “relevant products” will be added soon.
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