PAY-AS-YOU-FLY DRONE INSURANCE

ClientFLOCK
Category A01. Activation by Location
TitlePAY-AS-YOU-FLY DRONE INSURANCE
Product/ServiceFLOCK
Entrant R/GA LONDON, UNITED KINGDOM
Idea Creation R/GA LONDON, UNITED KINGDOM
Idea Creation 2 FLOCK London, UNITED KINGDOM
Credits
Name Company Position
Robert Northam R/GA London Creative Director, Visual Design
Jen Heazlewood R/GA London Creative Director, Experience Design
Lachlan Williams R/GA London Strategy Director
Tomas Freriksen R/GA London Senior Visual Designer
Rachel Jones R/GA London Experience Designer
Philip Mueller R/GA London Senior Copywriter
Leen Verburgh R/GA London Senior Producer
James Temple R/GA London EVP Chief Creative Officer EMEA
Rick Williams R/GA London Executive Director Business Transformation
Nicolas Olivieri R/GA Ventures Senior Director of Programs R/GA Ventures
Matt Webb R/GA London Managing Director IoT UK Accelerator
Lisa Ritchie R/GA Ventures Program Director R/GA Ventures
Chloe Cronyn R/GA London Content Producer
Ed Steadman R/GA London Junior Video Editor

The Campaign

Using big data and proprietary algorithmic analysis, we have launched our first consumer product. We have partnered with Allianz – one of the leading aviation insurers – to bring enhanced flying experiences to pilots and sell instant drone insurance anytime, anywhere. What makes our work different is that we use our analysis to produce a unique, innovative and creative output – a single risk metric that represents the risk of any single drone flight, anywhere in the world.

Creative Execution

We have partnered with Allianz – one of the leading aviation insurers – to launch our first consumer product. It brings enhanced flying experiences to pilots and allows Allianz to sell instant drone insurance anytime, anywhere. Our data and insights are surfaced in a beautiful and simple experience. The mobile app provides pilots with a map that explains their risk environment in real time. We give them a large flight zone and identify hazards within that local environment – from buildings to population density and hyper-local weather. This guidance is coupled with our ‘insure now’ offering – an offer to buy a completely customised insurance policy. With one click, operators are insured for 60 minutes. It’s that simple. We have reduced insurance premium periods from a year down to a single flight, allowing us to customise the price and type of insurance we can offer. We collect huge amounts of flight data and claims data, which we feed back into the app, so our algorithms can get significantly more intelligent over time.

We have secured a partnership with one of the leading aviation insurers – Allianz – to bring instant drone insurance anytime, anywhere. The benefits are wide-ranging: 1. As we can identify high- and low-risk flights, we will offer the most price-competitive insurance for drones, globally. 2. As we insure per flight not per year, we can provide completely customised policies. 3. With our risk intelligence service, we allow pilots to fly safer, therefore reducing claims. We are solving problems for the drone industry, but we are just getting started. Our vision is to apply our data analytics techniques and fundamental technologies to the automotive world, pioneering data-driven risk insurance for the autonomous future. On this journey so far, our company has raised £500,000 from a range of investors this year and won three technology grants from Innovate UK alongside a grant from the Ordnance Survey, the UK’s leading mapping service.

We collect a lot of data. We know if the operator is human or software. What kinds of flights, how many, how safe they are. We collect data about the drone itself – weight, speed, operating height. What happens if it lands on someone. Details about your environment. Are you flying near a school, airport or prison? What are the hyper-local weather conditions? Will they change in the next few minutes? Our proprietary algorithm can then analyse your flight plan and quantify the operator’s risk. That’s our unique output – we are able to interpret the data and synthesise it into a single risk metric, a scale to measure the risk of any single drone flight, anywhere in the world. Every experience on our app, and every insurance purchase, is personalised to the user, drone, time and place.