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Drone Insurance Market to Witness Stunning Growth : Verifly, Allianz, CapriCMW
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04/16/2021 Latest released the research study on Global Drone Insurance Market, offers a detailed overview of the factors influencing the global business scope. Drone Insurance Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the
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Allianz SE (
Definition: Drones are defined as remotely piloted aircraft systems and are also known as unmanned air vehicles (UAVs). Since UVAs are operated remotely, there s no risk to passengers or crew. Nevertheless, drones present a significant risk to property and life on the ground in the event of an accident. Drones
IRDAI ramps up efforts to bring drone insurance products to the market
The regulator noted in its circular that only a few general insurers in India are currently offering coverage for drones.
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| A+A A- By Express News Service
NEW DELHI: The rapid rise in the number of people owning and using unmanned aerial vehicles or drones, the Insurance Regulatory and Development Authority of India (IRDAI) is ramping up efforts to extend sufficient insurance protection to drone-related incidents.
In a circular sent to insurance companies earlier last week, the IRDAI urged all general insurance companies to launch covers for mishaps related to remotely piloted aircraft systems (RPAS) or drones. The regulator noted in its circular that only a few general insurers in India are currently offering coverage for drones.