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 .
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.