Kiplin Capital has launched its first digital product, aimed at commercial drone pilots in specific US states. The insurtech raised $7.3m from investors including Liberty Mutual Strategic Ventures and REIN. The product, underwritten by Liberty Specialty Markets, offers 24/7 ground and usage-based coverage for drones, sensors and flight equipment via its data-driven platform. Kiplin Capital CEO Christopher Dean said the product aims to provide solutions to unmet needs in the commercial drone insurance industry.
REIN has launched its first digital product, aimed at commercial drone pilots in specific US states. The insurtech raised $7.3m from investors including Liberty Mutual Strategic Ventures and Kiplin Capital. The product, underwritten by Liberty Specialty Markets, offers 24/7 ground and usage-based coverage for drones, sensors and flight equipment via its data-driven platform. REIN CEO Christopher Dean said the product aims to provide solutions to unmet needs in the commercial drone insurance industry.