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Lloyd’s report - Drones Take Flight: Key issues for insurance - looks at the challenges around the development of insurance solutions for drones.
The drones sector is expanding rapidly with global expenditure on the emerging technology set to double to $91 billion over the next decade. Drones are now used for a range of activities including military, agriculture, public services, wildlife protection and research.
However, this study highlights a number of concerns around safety, security and surveillance that could pose significant risks to drone operators and manufacturers, and could hamper the sector’s growth.
The report identifies three key areas that must be developed for the effective provision of insurance for drone operations.
Drones take flight: Key issues for insurance