Stere, a leading innovator in insurance technology, has enabled AutoPylot, an FAA-approved B4UFLY and LAANC service provider, to launch a pioneering embedded drone insurance feature within its all-in-one flight planning platform. This tech-driven partnership, with insurance underwritten by Allianz Commercial, showcases Stere’s vision, providing a unique infrastructure that integrates comprehensive insurance directly into any workflow.

This collaboration represents a significant leap forward in drone safety and efficiency, marrying Stere’s cutting-edge tech with AutoPylot’s regulatory and flight planning capabilities. Through Stere‘s technology, drone operators now have streamlined access to essential insurance coverage, enhancing the sustainability and accessibility of drone operations across the industry.

“Stere’s mission is to revolutionize the way insurance is integrated into business operations, making it seamless and accessible,” said Dogan Kaleli, CEO at Stere. “Our technology enables AutoPylot to offer a unique, embedded insurance solution, highlighting our role as a tech vendor transforming insurance procurement and management for drone operators.”

The introduction of embedded insurance through AutoPylot’s platform simplifies the way drone operators access and manage insurance, covering a wide range of liabilities and providing comprehensive protection for drones and related equipment. This initiative not only enhances operational efficiency but also ensures that drone pilots are fully protected and compliant with industry regulations.

This partnership between Stere and AutoPylot, with insurance primarily underwritten by Allianz Commercial, underscores the potential of technology to redefine industry standards and improve the safety and efficiency of drone operations.

For additional information about Stere’s innovative technology solutions and its role in powering AutoPylot’s embedded drone insurance, please visit www.stere.io.

About Stere:

Stere leads the way in revolutionizing insurance operations with its pioneering products, Stere API and Stere Distribution. The company’s API-centric approach and pre-built portals bridge the gap between insurers and digital distribution channels efficiently, offering a wide array of insurance products across various domains. Stere’s scalable digital infrastructure enables insurers to reduce expenses while enhancing agility, speed, and growth opportunities.

About AutoPylot:

AutoPylot is at the forefront of providing FAA-approved B4UFLY and LAANC services, committed to improving the safety and accessibility of drone operations through innovative solutions. The company’s all-in-one platform facilitates regulatory compliance and flight planning, empowering drone operators to navigate the skies with confidence and efficiency.

For further details on AutoPylot and the embedded drone insurance feature, visit www.autopylot.io/drone-insurance.

Media Contact: Louie Marte, Marketing Lead, Louie.Marte@stere.io

SPONSORED CONTENT

In conjunction with the third installation of the Global Drone Conference & Exhibition 2022 held at the MATRADE Exhibition and Convention Center (MECC) Kuala Lumpur between 19-21 October, the show’s Platinum Sponsor, Malvus Sense Sdn Bhd, took the opportunity to showcase their latest unique and innovative products and services.

An industry leader for drone-based precision mapping, intelligence surveillance as well as assembly and maintenance of drones or UAV (Unmanned Aerial Vehicle), Malvus Sense’s state of the art machine capabilities and innovativeness complex activities like precision laser and magnetic mapping were introduced to the show’s participants and visitors.

At the exhibition, Malvus Sense also showcased the latest medium format UAS camera The PHASEONE IXM- Series. It is a high productivity matrix camera with high resolution for the purpose of inspection,
surveillance and mapping.

This year’s Global Drone Conference & Exhibition was proudly officiated by YB Dato Sri Dr Adham Baba, Caretaker Minister of Science, Technology and Innovation.

During the exhibition, Malvus Sense launched an aviation grade drone insurance plan for drone and drone operations including third party liability coverage making it the first such insurance in Malaysia.

Photo of the launch of Onedrone Insurance at the Global Drone Conference & Exhibition 2022, officiated by YB Dato Sri Dr Adham Baba, Caretaker Minister of Science, Technology and Innovation

Known as ‘Onedrone Insurance’, the policy offers complete protection that covers all aspects of drone ownership and operation namely Comprehensive Protection (missing, theft or damage) of Aircraft’s Hull and Parts during safekeeping or while flying in the air, third-party liability, mishandling or pilot error as well as ‘Fly Away” incidents.

“This is our third participation in the Global Drone Conference & Exhibition, following our previous forays in 2019 and 2020 just before the pandemic.

Photo of the Raja Muda of Perlis, Duli Yang Teramat Mulia Tuanku Syed Faizuddin Putra Ibni Tuanku Syed Sirajuddin Jamalullail leaving his signature on one of Malvus Sense’s UAVs

This exhibition is an effective marketing platform for us to promote our unique and innovative products, at the same time allowing us to demonstrate our capabilities and potential to customers and investors,” said the Director of Malvus Sense, Syed Omar bin Syed Mohammad.

“This event has been successful in attracting the interest and participation of industry leaders from various sectors, thus becoming a catalyst for the successful transformation of our country into a digitally-driven, high-income nation,” he added.

Additionally, a sharing session was also organised by Malvus Sense alongside their strategic partner, Universiti Malaysia Perlis (UNIMAP) where a research piece titled “Performance Upscaling for Commercialisation of Radio Frequency Module (RFM) and Payload of an Unmanned Aerial Systems (UAS) for Beyond Visual Line of Sight (BVLOS)” was presented.

The research was done with the aspiration of providing BVLOS capability that adhere to the standards set by Malaysian Communications and Multimedia Commission (MCMC) particularly for UAV operations under the Royal Malaysian Police (PDRM) and the Malaysian Armed Forces (MAF).

For further information, please contact the corporate communication unit at +6017 968 8320
or email sales@malvusense.com

About Malvus Sense Sdn Bhd
MALVUS abbreviated from ‘Malaysia Vision Unmanned System’, established with the aim of maximizing the potential of Unmanned Aerial Systems across various business verticals. Built on the foundation of resourcefulness, novelty and pristine technical excellence Malvus Sense aspires to form a lean enterprise characterized by efficiency and high-quality services hence become the catalyst for a successful transformation of the country into a digitally-driven, high-income nation.

https://malvusense.com.my/

Unmanned Aerial Vehicle (UAV)/ Drones are being widely used in commercial purposes including Agriculture, Mapping, Filming, Photography and Surveillance to name a few and are using such technology to advance their services. With the growing demand for the drone services, the main factor to consider is safety of your operations and equipment.

Each drone operation should have insurance coverage to protect your business and your assets when something unforeseen happens such as your drone falling and damaging someone’s property.

We interview Saravanan Chettiar, CEO of VStream Revolution Sdn. Bhd, an exhibitor at the Global Drone Conference 2022.

There are a lot of people in the security industry who are curious about the possibilities drones can provide as a physical security tool. Are you seeing an increase in the use of drones for security purposes?

Yes, with the move to digitalization and lack of manpower (Dependency on foreign workers), security companies are looking into alternative solution for their daily operation. Drones are seen as the best tool to be adopted for the above problem.

When securing public places to protect the safety of people’s life and property and maintain social stability, the use of high technology can help local authorities to monitor suspicious activities. This applies to private properties such as warehouses and office premises as well.

When do you think we will see more clarity on how drones can be used in security or law enforcement capacities? Is that the biggest barrier to the adoption of this technology?

The use of drones in security and enforcement has already begun, as you can see the Royal Malaysia Police (Polis Diraja Malaysia- PDRM) has used drones intensively during the Covid-19 lockdowns for monitoring of public spaces and enforcement.

Also, during the recent Hari Raya Aidiladha celebrations when heavier traffic flow was observed on main highways heading to the north, south and east coast of the peninsula, PDRM used drones to track and summon the drivers that were using the emergency lanes during their commute.

The biggest barrier to adoption of technology is still the clarity of regulations, awareness of safety and the lack of talent to operate this technology.

What will you be exhibiting at Global Drone Conference 2022?

We will selling our Drone Insurance packages followed by Drone Consultancy services.

What sort of eventualities do these insurance policies cover?

Since providing drone insurance since Dec 2019, we have successfully secured the following:

1. Public Liability Coverage up to RM 50,000,000.00

A Public Liability policy aims to protect you or your company against any claim for compensation and legal costs you may be legally be liable to pay for bodily injury to anyone (other than employees or contractors under your employ or direction for monetary consideration or in kind) or damage to a third property (other than your own property or property held in trust or on commission) caused by activities of your company

     2. All Risk / UAS Aviation Coverage up to RM 5,000,000.00

The All Risks / UAS Aviation Insurance Policy is designed to cover The Drone and any other attachment connected to it in event of it being lost or damage by any accident or misfortune due to:

• Accidental Damage / Mishandling by Pilot
• Repair or Total Loss due to CRASH
• Fly Away (Only for UAS Aviation Policy)
• Damage during Transit from Office to work site
• Fire & Perils such as lightning
• Theft by forcible entry or exit from premises

3. More than 150 types off Drones for different types of operations

Type of Drones

• Multi Copter
• Example ( DJI Mavic 2A , DJI Mavic 2 Enterprise, DJI M300 RTK and others)
• Fixed Wings
• Example : (Dragonfish, Alti, AECA V1 VTOL and others)
• Cargo Drone
• Example (PEN 55, EHANG 216, PEN 1360 & others)
• Different Operation
• Proof Of Concept (POC)
• Tendering (Drone Insurance requirement during tendering process)
• Inspection (Building, Construction, Oil & Gas, Onshore & Offshore)
• Surveillance / Drone in a Box type of Surveillance
• Agriculture
• Cargo Delivery
• Drone in Box
• Mapping

4. Coverage for whole of Malaysia and Worldwide

Both our Public Liability and ALL/RISK Drone Insurance Policy covers operations :

• Peninsular Malaysia
• Sabah and Sarawak
• UAS Aviation Policy covers all operation for Business that is registered in Malaysia and Worldwide:
• Peninsular Malaysia, Sabah and Sarawak
• Worldwide Coverage (Business that has a valid registration in Malaysia that has operation worldwide)

Speaking of insurance, how widespread is the use of drones by insurance companies at the moment? And do you have a sense of how widespread it is likely to be in the future?

According to Deloitte, insurance is among the industries already deploying and expanding the potential of commercial drones, eyeing two strategic objectives: better risk management through improved data collection, analysis, and actionable insights; and reduced operational costs through improved efficiency and effectiveness in claims adjudication, claims processing, and customer experience.

Several leading US insurance companies were first in the air, securing FAA permission as early as 2015 to use drones for aerial data collection, catastrophe response, research and development, underwriting, and claims resolution support. Since then, more insurance companies, both national and regional, have begun using drones.

Sensing disruptive potential, numerous insurance technology (insurtech) firms have entered the drone domain to offer both comprehensive and specialized services to the insurance industry. Betterview, an insurtech devoted to using drones for property inspections, has executed more than 6,000 rooftop inspections in the last two years; the company signed a partnership agreement with Loss Control 360, which makes software for insurance companies and inspectors. Verifly, a New York-based startup, is another market entrant. The app-based, licensed producer has partnered with Global Aerospace Insurance to offer on-demand, per-flight policies.

Do you have a message you would like to share with our readers?

Please visit our booth at the Global Drone Conference in Kuala Lumpur this October. Before that, we welcome you to visit our “Drone Insurance Store” Malaysia’s first Online Drone Insurance Platform.

We offer an easy way to get information on Drone Insurance Offers, On demand Drone Insurance Quote and Online payment gateway. By becoming a Member and you will get a discount off your purchase of drones and accessories.

VSTREAM REVOLUTION IS A DRONE ZONE EXHIBITOR  AT THE INNOVATE TECH SHOW 2022 HELD AT MATRADE KUALA LUMPUR FROM 19-21 OCTOBER 2022 WHERE THE GLOBAL DRONE CONFERENCE IS CO-LOCATED.

SARAVANAN WILL ALSO BE SPEAKING ABOUT DRONE INSURANCE IN DETAIL ON 19 OCTOBER AT THE MAIN STAGE OF HALL A, MATRADE KUALA LUMPUR REGISTER FOR YOUR FREE PASS AND EVENT UPDATES.