The 'Verifly' app is bringing the very serious world of insurance into the increasingly serious world of drone-flying. Drones are vehicles, and, like any other vehicle, they can get into accidents. Previously, drone pilots would have to pay for damage to their own drone or to someone else's property out of pocket. The Verifly app is an accredited insurer that limits drone pilots' exposure to risk with ease.
With the Verifly app, users can insure their drones on-demand and on a per-flight basis. Before starting out on a flight, users enter an area with a quarter mile radius in which they plan to fly, and the app uses proprietary analysis software to assess a price for insurance, charged hourly. Users can then buy insurance through the app and take their bot for a flight without having to worry about any accidents.
Key Themes Behind This Trend
- App-based On-demand Insurance
- Verifly's on-demand drone insurance app brings the traditional concept of insurance to the convenience of technology.
- Proprietary Analysis Software
- The use of proprietary analysis software in drone insurance apps like Verifly offers a unique approach to risk assessment.
- Per-flight Basis Coverage
- Verifly's per-flight basis coverage gives drone pilots the flexibility and customization they need.
Where This Applies
- Insurance
- There is a growing potential for on-demand insurance apps like Verifly in the traditional insurance industry.
- Drone Manufacturing
- The advent of encompassing and drone-specific insurances creates a growing market for drone manufacturers.
- Software Development and Data Analysis
- The development of new drone insurance apps and proprietary analysis software like Verifly requires expertise in software development and data analysis.
