Global Aerospace, a provider of aerospace insurance, has entered into a partnership with Zurich Canada to provide UAS underwriting expertise and risk management support to Zurich’s customers in Canada.
Zurich Canada, a property and casualty insurer, will launch a new drone insurance package to their customers which will enable them to close an important coverage gap for companies already making use of unmanned aerial vehicles in their operations. Roll out for this program will be in Canada, with intentions to expand globally as the partnership develops.
Through this partnership, Zurich will be well positioned to offer UAS coverage to a large number of industry sectors that have identified applications for drones including agriculture, energy and communications. Global Aerospace has been actively insuring unmanned aircraft risks and will provide guidance in the areas of underwriting, risk management and safety assurance. Zurich’s customers will now have access to a simple risk transfer solution along with access to Global Aerospace’s SM4 safety training tools and information for drone operators.
Nick Brown, Group Chief Executive, Global Aerospace Underwriting Managers Limited, stated “We are proud to be partnering with Zurich to help them provide high quality UAS products to their customers. With the rapid growth of UAS applications around the world, this partnership has the potential to expand rapidly.”
“Zurich’s customers in Canada will be the first ones around the world to have access to this unique insurance solution, thanks to the sophisticated regulatory environment governing the use of drones in Canada” said Urs Uhlmann, CEO of Zurich Global Corporate Canada, and leader for Zurich’s drones program in Canada. “We see great potential for drones to reduce risk for workers by taking over dangerous tasks, among many other applications. Zurich’s drone insurance package will allow our customers to seize that potential.”