“We believe that creating an experience that is effortless for the consumer, in what is traditionally an inefficient and unpleasant process.”
Usage-based insurance (UBI) is exploding as a phenomenon in the auto industry. Now, Acend, a telematics, software and data science provider, will deliver that same groundbreaking service to the unmanned aerial systems (UAS) market.
Through a strategic partnership between Acend and PrecisionHawk, a leading provider of aerial data and safety platforms for drones, commercial drone operators will be able to access and procure UBI through Acend’s simple automated platform. PrecisionHawk will provide Acend with drone data, including flight statistics and user approval.
“By partnering with PrecisionHawk’s LATAS technology to provide real-time flight tracking information, Acend is building an innovative model to empower drone operators with a simple and secure way to obtain cost-effective drone insurance coverage,” said Christopher Dean, president and co-founder at PrecisionHawk. “The ability to simply pay a few dollars in a rapid micro-transaction is a game-changer in insurance accessibility for the average drone operator.”
Willis Towers Watson, a leading global advisory, broking and solutions company, will serve as risk management advisor and insurance broker for the
“We believe usage-based insurance is the future of the UAS market,” said Jason Saunders, president of Willis Towers Watson aerospace practice. “Our focus is on supporting the Acend platform by leveraging what we have learned from the auto industry to deliver UBI.”
“We are taking a user-centric approach to drone insurance,” said Acend CEO Steve Rabbitt. “We believe that creating an experience that is effortless for the consumer, in what is traditionally an inefficient and unpleasant process, differentiates Acend from other solutions. However, improving insurance is only the beginning of what Acend will do.”