Skyrisks and Quotech Partner to insure advanced air mobility sector

AAM includes revolutionary aircraft, such as the new breed of electric vertical take-off and landing (eVTOL) vehicles, and a broad array of innovative technologies for both piloted and autonomous flight. It is changing the game for passenger and cargo loads in various commercial, private, and military operations.

Skyrisks, backed by Convex’s capacity, has adopted Quotech’s Underwriter Workbench to manage the insuring process for this exciting new high-tech industry. The platform eliminates multiple pain points from underwriting by preparing and presenting the data needed in the right place and time.

“AAM risks are diverse and data-intensive, so we need an underwriting approach that puts all the information at our fingertips,” said Alistair Blundy, Skyrisks’ chief executive officer. “We have adopted a data-driven approach to AAM insurance that enables us to develop first- and third-party insurance products as innovative as our client’s businesses.”

Guillaume Bonnissent, chief executive of Quotech, said: “We are delighted to be working with Skyrisks, the first MGA to focus exclusively on this leading-edge area of transportation and logistics. Our workbench product is unsurpassed in its ability to assess risks, support pricing, analyse portfolio exposures, source capacity, create audit trails, and automate other dull daily functions.”

The partnership between Skyrisks and Quotech is a significant step forward for the AAM sector. It provides operators with the insurance coverage they need to safely and confidently launch and operate these new, innovative aircraft.