Drone opportunity for insurers amid ‘explosion’ in uses?

Drones can present an opportunity for the insurance sector, with there having been an “explosion” in their commercial and personal use over the past years.

That was according to Gallagher Specialty, which highlighted in its Plane Talking Q1 2023 report that the development of electric powered aircraft is starting to revolutionise the aviation industry.

The report, which was published earlier this week (12 April 2022), said that drones were now used in various sectors, including agriculture, infrastructure and public safety.

Writing in the report, Martin Jackson, class leader of aviation at Apollo Syndicate Management, said the industry was in the “midst of an explosion of rapid development and technological advancements where it’s hard to deny the relevance that drones will have in our everyday life”.

“More recent progress in drone technology has meant an explosion in commercial and personal use,” he added.

“Drones are now helping to keep our trains running, inspect our roads, bridges and waterways and to ensure our power lines, wind turbines and oil and gas platforms are safe.

“They are in use for surveying and inspection in construction, housing, infrastructure, agriculture for crop spraying, soil analysis and seeding.”

Trials

With drones becoming more common, the report highlighted that one company had tested deliveries for a well known burger chain, where the aim was for faster service but also crispier fries and firmer burgers.

That same company had also tested making coffee deliveries.

Jackson added: “In a few years’ time, I am sure we will all be using apps for drone operators offering services of a scope unimaginable a decade ago, enabled by investment, regulation, support and upskilling.”