Insurance in the age of drones

04 - 05 Oct 2016

Organised by Swiss Re Centre for Global Dialogue
Location: Rüschlikon/Zurich, Switzerland

Videos

Presentations

Tuesday, 4 October 2016

16:30

Welcome drinks and registration

17:00

Welcome
Eric Schuh, Head Casualty Centre, Swiss Re


Georgios Toulkeridis, Head Aviation Reinsurance, Swiss Re

17:10

Drone demonstrations by

Flyability
Patrick Thévoz, Co-Founder and CEO

Wingtra
Stephanie Lambert, Head of Public Relations

Fotokite
Sergei Lupashin, Founder and CTO

18:00

Live first person view (FPV) drone race

19:00

Standing dinner

 

Wednesday, 5 October 2016

08:00

Welcome coffee

08:30

Welcome and introduction
Steve Arora, Head Casualty Underwriting Reinsurance, Member of Reinsurance Executive Committee, Swiss Re

Stream

Technology: Defining the roadmap towards drones everywhere

08:40

Opening keynote: The coming machine revolution
Raffaello D'Andrea, Professor of Dynamic Systems and Control, Swiss Federal Institute of Technology (ETH)
Summary

09:25

Business case: Mapping and inspection
Jean-Christophe Zufferey, CEO and Co-Founder, senseFly

09:55

Business case: Parcel delivery
Oliver Evans, Head of Global Business Development, Matternet

10:20

Coffee break

10:45

Cyber security and drones: Live drone hacking
Samy Kamkar, Privacy and security researcher, computer hacker, whistleblower and entrepreneur
Summary

Stream

Regulation: Understanding how the law will and should apply to drones

11:15

Drones law and regulation
Lisa Ellman, Partner and Co-Chair, Unmanned Aircraft Systems Group, Hogan Lovells
Summary

11:45

An innovative regulatory framework for unmanned aircraft in Europe
Markus Farner, Leader RPAS working group, Swiss Federal Office of Civil Aviation
Summary

12:15

Lunch

Stream

Insurance: Consequences of technological and regulatory developments for the insurance industry

13:30

The Swiss Re perspective
Aviation
Georgios Toulkeridis, Head Aviation Reinsurance, Swiss Re

Casualty
Michael Meadows, Senior Product Manager, Casualty Underwriting, Swiss Re

Claims experience
Thomas Fausten, Senior Claims Expert, Swiss Re

Summary

14:15

Breakout sessions: Round 1

Aviation insurance for unmanned aerial vehicles
Chris Proudlove, Manager Northeast Regional Office & UAS Risks, Global Aerospace Inc.

Casualty insurance for unmanned aerial vehicles
Lorenzo Natale, Underwriting Manager Casualty, Zurich Insurance Company Ltd.

Drones and cyber risk: Charting the pathway to commercialisation
Neil Arklie, Senior Product Manager Cyber & Tech, Swiss Re

Drones: Privacy intrusion and safeguarding data
Sally Annereau, Senior Data Protection Advisor, Taylor Wessing

15:00

Coffee break

15:30

Breakout sessions: Round 2

Aviation insurance for unmanned aerial vehicles
Chris Proudlove, Manager Northeast Regional Office & UAS Risks, Global Aerospace Inc.

Casualty insurance for unmanned aerial vehicles
Lorenzo Natale, Underwriting Manager Casualty, Zurich Insurance Company Ltd.

Drones and cyber risk: Charting the pathway to commercialisation
Neil Arklie, Senior Product Manager Cyber & Tech, Swiss Re

Drones: Privacy intrusion and safeguarding data
Sally Annereau, Senior Data Protection Advisor, Taylor Wessing

16:15

Closing remarks
Steve Arora, Head Casualty Underwriting Reinsurance, Member of Reinsurance Executive Committee, Swiss Re

16:30

Farewell drink

 

Leader RPAS working group, Swiss Federal Office of Civil Aviation

Gallery

Photos by David Ausserhofer

About the event

Drones come in a variety of sizes and types, from model aircraft for personal use, to large fixed wing aircraft used by the military. The commercialization of drone technology is just getting started and it appears to have enormous potential. Insurance coverage for drone operation is essential for that progress to take place.

The definition of a drone varies by law, regulation and nature of use. Drones are used for numerous private and commercial applications. These include use of drones for crop management, disaster management, insurance underwriting and claims, filmmaking, journalism, and a large number of other applications. Laws usually distinguish recreational use of model aircraft from commercial use of drones, with model aircraft being largely unregulated.

Both recreational and commercial operators face a number of potential legal issues when they fly their drones. Invasion of privacy is a big concern, followed by physical damage and bodily injury in case of, for example, a drone crash. There are also concerns about drones creating liability arising from trespass, nuisance and potential abuse by law enforcement.

These potential legal issues, combined with the uncertain regulatory atmosphere, make insurance underwriting for drone liability a challenging endeavor. A wide range of insurance coverage types may unintentionally be triggered depending on how an operator uses its drone. This includes drone coverage by property insurance, commercial general liability insurance, business owners insurance, farm owners insurance and homeowners insurance among others. Underwriting consideration must also be given to potential aviation liability, workers compensation, directors’ and officers’ liability and the feasibility of writing stand-alone drone liability insurance policies.

Underwriting drones is a very new undertaking for insurance companies. Looking closely at the use and features of this new technology will be critical to properly assess and underwrite the risk. In the near future, as regulation of drone use becomes clearer and insurers become more comfortable with this unfamiliar territory, the capacity to underwrite drone liability is expected to increase.

At this conference, we will explore the practical and legal implications of developments and uses of drones, to help Swiss Re's casualty and aviation reinsurance clients better assess and underwrite the risks posed by the use of drones.

Speakers

Exhibitors

Flyability is building safe drones for inaccessible places. By allowing drones to be used safely inside cities, inside buildings, and in contact with people, it enables new interactions and services with UAVs and solving the two most critical issues of one of the fastest growing industries: collision and injury risks. The company’s first market is in industrial inspection where it avoids sending people in dangerous and confined spaces for the inspection of Energy, Oil & Gas or transport infrastructure. It is also active in Search & Rescue and security to assess emergency situations without putting humans at risk. Flyability is the winner of the 1M USD Drones for Good Award and over 10 other technology and business prizes. Read more on flyability.com.

Fotokite is a unique tethered flying camera that provides an alternative way to aerial imaging over conventional drones. The Fotokite uses a taut tether to safely fly itself indoors or outdoors, without GPS or other sensors, and with minimum user training. The Fotokite Pro features power over tether, a stabilized camera, and a broadcast-quality video downlink. A consumer version, the Fotokite Phi, is in development after successful crowdfunding. The Fotokite has been given exceptional safety ratings by regulators and users alike. Read more on fotokite.com.

senseFly develops and produces aerial imaging drones for professional applications. Safe, ultra-light and easy to use, these highly automated data collection tools are employed by customers around the world in fields such as surveying, agriculture, GIS, industrial inspection, mining and humanitarian aid. senseFly was founded in 2009 by a team of robotics researchers and quickly became the industry leader in mapping drones. Today they continue to lead the way in developing situationally aware systems that help professionals make better decisions. senseFly is a Parrot company and a member of the Small UAV Coalition. Read more on sensefly.com.

Wingtra’s aerial robot opens new possibilities in improving civil applications such as agriculture and mining. It takes off and lands vertically like a helicopter, and flies forward like an airplane. The robot is as agile as a multicopter and has the superior flight capability of a fixed-wing aircraft regarding range and speed. Read more on wingtra.com.

Swiss TV

Some of our speakers were also featured in 'Einstein', a Swiss TV science show (in German only).

Drohnen mit Flügelschlägen steuern – dank Ideen aus Lausanne