InsurTech Futures: Allianz partners with start-up Flock on drone insurance

Allianz Global Corporate & Specialty (AGCS) has teamed up with InsurTech start-up Flock to develop digital insurance solutions for the drone market.

The insurer stated that the partnership’s first product, a mobile app enabling operators to buy pay-as-you-fly drone insurance, would be launched in the UK later this year.

According to a report by AGCS the number of drones, or unmanned aircraft systems (UAS), is set to triple by 2020.

The insurer noted that the increasing number of drones also b