Insurtech firm REIN has raised $7.3 million in venture funding and unveiled its first digital product for commercial drone operators, underwritten through Liberty Specialty Markets (LSM). REIN, Insurtech, Venture funding, Liberty Mutual, Liberty Specialty Markets, Drone, Insurance, On-demand insurance, Usage based insurance, US
REIN has launched its first digital product , targeted at commercial drone pilots in specific US states . The insurtech raised $ 500 m from investors including Liberty Mutual Strategic Ventures and Kiplin Capital . The product , underwritten by Liberty ##tech ##nics , offers 24/7 ground and usage - based solutions for drones , sensors and flight equipment via its data - sharing platform . REIN tech Christopher has said the product aims to provide solutions to unmet needs in the commercial drone insurance industry .