Random thoughts: Drones

0 May 11, 2015 at 5:24 am by

A short one today – still working on the new study (see the sneak peeks here and here):

  • It seems that quite a few insurers are now thinking of using drones for their business, judging by FAA approvals: State Farm, AIG, USAA and Erie, just to name a few that were in the news recently.
  • What are the use cases? The most obvious is damage inspection (and Lynn Kesterson-Townes had a nice post on that a while back). But I can see just as good a use in underwriting. Imagine your commercial underwriter visiting a plant or warehouse, wearing with an augmented reality visor and bringing along 1-2 small camera-equipped drones. One walk- and fly-through, and you’ve got all the risk hotspots covered, plus you’d be able to identify lots of potential ones, especially if you have a Watson system in the background. Risk mitigation at its best; and you can even start offering it to home-owners etc. as a service. The best insurance is one that’s never needed, after all…
  • The FAA estimates that more than 30,000 commercial drones will be in the sky in the next ten years. They need insurance, and not just for regular damage.
  • And don’t forget the privately owned drones: does your homeowners’ insurance cover it?
  • Want a great read about the scary side of drones? Check out Daniel Suarez’ “Kill decision”

Note: By submitting your comments you acknowledge that insBlogs has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.

Leave a Reply

Your email address will not be published. Required fields are marked *