Insurtech weekly: SkyWatch.AI; Setoo; InsuraGuest; Zego

Published in: Risk, Risk management, Corporate strategy, UK, US - Canada - Bermuda, Software - IT

Companies: SkyWatch.AI, Setoo, InsuraGuest, Zego

Commercial drone insurance platform launches in UK

Who’s involved:  US telematics-based insurance platform SkyWatch.AI and re/insurance group Chaucer. 

What’s happening: SkyWatch.AI has launched a telematics-based insurance platform for commercial drones in the UK, which will be underwritten by re/insurance group Chaucer. 

Significance of development: According toSkyWatch.AI, its platform will enable commercial drone pilots to receive instant and flexible insurance, while lowering their rates by flying in a safer manner. The platform says the number of commercial drone pilots in the UK has grown by 5005 since 2010.

Timeline: With immediate effect.


Omio to offer parametric travel insurance

Who’s involved:  Managing general agent Setoo and travel app Omio.

What’s happening: Setoo will collaborate with Omio to create and distribute personalised, insurance offerings, with the aim of generating additional ancillary revenue.

Significance of development: Setoo said its platform allows parametric insurance to be provided in response to a pre-agreed trigger, such as flight delays, stormy weather or other transport delays.

Timeline: With immediate effect.


InsuraGuest signs contract with Wisp Resort

Who’s involved:  US Insurtech InsuraGuest and Maryland-based leisure destination, Wisp Resort.

What’s happening: Wisp Resort will integrate InsuraGuest’s insurtech software in a bid to provide hotel guests with insurance coverage at the time of check-in.

Significance of development:  Wisp Resort’s general manager Jerry Geisler said the insurtech service would improve the experience for guests and increase the resort’s revenue.

Timeline: With immediate effect.


Zego partners with E-scooter startup 

Who’s involved:  London-based insurtech Zego, which provides on-demand insurance for drivers and riders, and electric scooter startup, Dott.

What’s happening: Zego has partnered with Dott to provide insurance for its fleet of shared e-scooters across France and Belgium.

Significance of development:  The partnership comes afterZego raised $42m in funding last month and marks Zego’s arrival in France and Belgium.

Timeline: With immediate effect.

Ronan McCaughey