The Report Drones for Insurance Industry: Global Market Research, Forecast, and Strategy 2016-2025 gives a detailed analysis on the global market for drones used in the insurance industry. The report is based on a comprehensive research study of the energy-sector drones’ market by analyzing the entire global market and all its sub-segments through extensively detailed classifications.. The leading players in the global market are 3D Robotics, AeroVironment, Inc., Aeryon Labs, Airware Inc, Arch Aerial LLC, Ascending Technologies GmbH, Cyberhawk Innovations, Dajiang Innovation Technology Inc. (DJI), Delta Drone, Draganfly Innovations, DroneDeploy, Eagle UAV Services, GoPro, Inc., HUVRData, LLC, Kespry Inc., Marcus UAV Inc, Precision Drone, Sarl Dronotec, senseFly/Parrot, Skycatch, Trimble Navigation Ltd. and Yuneec International
Drones these days are used in various fields and various sectors for strategic purposes. They have been used in fields ranging from marketing, agriculture, parcel deliveries and logistics, films and entertainment, rescue, weather, sports, insurance and so on.
Insurance industry is constantly changing with new advancements in terms of digitalisation, robotics blockchain and AI. Newest and innovative entrant is the use of drones. In today’s world, the amount of data collection insurers needs to gather is tremendous. There are many ways in which insurers are using drones to improve their services. They are employed in customer experiences – they make automated flight plans and can go to multiple insured locations to capture images and collect data. Drones reduce the time by which claims are made by more than half. Drones reduce the risks where men need to climb dangerous heights or fire ruins to give exact estimate of the damage. Policy pricing is another way drones are revolutionising the industry. The help in generating personalised premiums by measuring risk and pricing it accordingly.
Drones capture aerial images which provides enhanced quality of data and gives valuable inputs. They help in reducing frauds and losses by using the UAVs prior to the events to protect their interests. Two strategic objectives are achieved through drones – better risk management and reduced operational costs. As mentioned earlier, many companies have been able to reduce losses and process customer claims faster. Despite them all, drones in insurance and financial services face technology and business risks. Hacking, lack of operational knowledge, data leakage, security, product enhancements, employee morale and fleet management are few of the major risks foreseen in the market.
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