The use of drones is on the rise both for recreational and commercial (e.g., retail, media, law enforcement) purposes. Personal and commercial clients expect comprehensive, flexible pay-as-you-fly products based on accurate pricing of specific usage and risk exposures.
Goals and Objectives
Employ a data and advanced- analytics driven approach to predict and identify customer’s real-time risk exposures effectively and price risks accurately. Adopt an integrated strategy that covers product and risk management, and user-friendly digital sales and service experiences.
Use Case Summary
Offer pay-as-you- fly drone insurance products that rely on real-world data such as current usage rather than aggregated past data to determine pricing. Improve customer experience through omni-channel engagement and loss prevention and fraud handling through real-time monitoring and tracking.