Insurtech Launches Usage-Based Drone Coverage
Thursday, August 2nd, 2018 Excess & Surplus Lines Liability TechnologyInsurtech company REIN has launched DroneInsurance.com, with underwriting by Liberty Specialty Markets, providing usage-based insurance for commercial drone operators and simplifying the process of obtaining both base and liability coverage. The product is the startup’s first since obtaining $7.3 million in venture funding, secured from individual investors, including from Liberty Mutual Strategic Ventures and Kiplin Capital. The funding has allowed REIN to build the flexible and data-driven platform, automated to allow for a paperless and streamlined application process.
External References & Further Reading
https://www.dig-in.com/news/liberty-partners-with-insurtech-to-offer-digitally-distributed-coverage-for-drone-users
