Insurance in the age of drones: preparing for take-off

11 Oct 2016

The 'Insurance in the age of drones' conference at the Swiss Re Centre for Global Dialogue brought key drone experts, racers and a hacker together with Swiss Re clients, to examine how drone technology will impact casualty and aviation in the near and long term. Watch the video above for some expert insights from the event.

Find out more about the event here. A text version of the video is below.

"Steve Arora: Drones will become a big risk pool in the future. We want to make the society more resilient, and think about the role that drones can play in terms of the benefit.

Raffaello D'Andrea: Where there's risk there's the ability to ensure that risk. I think it's a new area for insurance companies to be interested in. I also think that they can use that technology itself to help then in their day to day job. Like monitoring damage for example.

Patrik Thèvoz: What we did is build basically the first collision tolerant flying robot. It's a UAV, or drone made for accessing places which are completely inaccessible, and unreachable with any other technology. This enables us to go in places like inside power plants, inside piping, inside chimneys. We are working with insurance companies to be able to perform post-disaster inspections. For example in places that would be too dangerous otherwise.

Oliver Evans: Today sadly there are millions of people who lose their lives, because of a lack of access to fast reliable diagnostics, medicine ... With drone technology we can ensure fast, reliable, cost effective reach, and to deliver the pharmaceuticals that they need for their health.

Lisa Ellman: It's great to be here with this community learning about the use of drones. Coming at it both from the use case, as well as insurers learning how to craft policy around drones. What does it mean to have drones flying under manned helicopters, and airplanes, above people, and structures. How do we make all of that happen? It's definitely happening.

Matt Langmead: It's been really interesting to meet the makers, and the diversity of all the talks from the last 24 hours. From the regulation, to the different types of drones, to the talk on hacking, and terrorist organizations really.

Samy Kamkar: It's a shock for the insurance industry, and other industries; That you can use commodity hardware consumer based equipment to take over, and hack into tens of thousands of dollars-worth of equipment. You're talking about a 50,000 dollar drone that can be hacked into. It was demonstrated just a few months ago with 100 dollar equipment.

Sergei Lupashin: The insurance facet of drones is very knew, and relatively unexplored. It's definitely a requirement for, I think, a lot of users. Especially commercial users

Jean Christophe Zufferey: Insurance is really an opportunity for drone manufactures, because it shows that it's becoming mature, and mainstream. If you can offer an insurance then it shows that it's serious operation.

Tabitha Pike: I'll definitely be taking away what sort of requirement there are from the clients that we've heard from; And how they're using their drone's technology to turn it into a service that will be usable, and sustainable for the future.

Steve Arora: This is just an example where we can bring clients, and we can have a forum. We don't have all the answers, but we learn together. We become smarter together."