Japanese insurer Tokio Marine said brokers will be able to quote and bind drone policies in real time
Tokio Marine Kiln (TMK) has added drone insurance to its online One TMK digital exchange platform.
The insurer said the product would allow brokers to quote and bind drone policies online in real time and from wherever they are in the world.
Lloyd’s insurer Tokio Marine Kiln (TMK) has launched a web-based platform to give brokers access to specialist business lines that have traditionally been difficult and uneconomic to reach.
The One TMK is a digital exchange for brokers to quote and bind policies online in real time. Brokers will have direct access from their desktops.
The first product to go live on the platform was cargo insurance.
Tokio Marine Kiln head of aviation James Walker said: “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. 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.”
Head of innovation Tom Hoad added: “When we launched our digital exchange, we were adamant that we would have multiple products available with the capability to add new lines of business in an efficient manner. Following the addition of UAS, we’ll continue to add relevant products to One TMK that will assist our brokers and clients.”