SkyWatch

SkyWatch.AI sells aviation insurance through a fully online, end-to-end digital process. Its product line covers three customer groups: commercial drone operators, light aircraft owners, and pilots who rent aircraft. Drone policies include third-party aviation liability for bodily injury and property damage, coverage for multiple drones under a single policy, the ability to name clients as additional insureds at no extra fee, and personal injury and privacy claims coverage.

On the manned aviation side, the company writes owner's insurance for light aircraft such as Light Sport Aircraft, gliders, multi-engine aircraft, experimental aircraft and seaplanes, and single- and multi-engine variants. Its non-owned renters product targets flight students, certificated flight instructors, LSA and multi-engine pilots, and rotorcraft (helicopter) pilots flying for training, instruction and flight testing. Policies are described as customizable in features, cost and payment plan, with mid-term policy changes and multiple coverage durations. The company also offers broker consulting meetings with its insurance specialists and operates separate drone and aviation support lines during weekday business hours (9am-6pm EST).

Business model

SkyWatch.AI distributes aviation insurance policies underwritten with top "A" rated insurance capacity, selling directly to pilots and drone operators online with instant quoting, and also engaging brokers through a consulting channel.

Insurance premiums on drone policies sold on hourly, monthly and annual terms, and on aircraft owner's and renter's policies available in daily, weekly, monthly and yearly durations.