In a recent article published in Insurance Business, Andrew Metcalfe, SVP of Aerospace, London Market & Europe Insurance, discusses the reasons why Sompo International’s partnership with Flock was a natural fit, and explains why the benefits will extend across multiple lines of business, not just aviation.
Through the partnership, Sompo International will combine its aviation and aerospace underwriting expertise with the real-time risk algorithms of the UK-based insurtech, which offers insurance solutions to commercial drone operators. Metcalfe noted that the complementary aptitudes of the two organisations, in conjunction with their shared cultural ethos, made a partnership seem the natural next step.
He stressed that the ambition of this partnership is to drive positive change within the sector, and noted that Sompo International will be able to use the education and learning the partnership offers and apply it across multiple lines of business, not just aviation, “so we have lots of aspirations for this partnership,” he said.
Read the full Insurance Business article.