23 January 2017Insurance

TMK launches drone insurance online

Tokio Marine Kiln (TMK) has added Unmanned Aerial Systems (UAS) insurance to its One TMK digital exchange platform that allows brokers to quote and bind UAS policies online in real time.

The enhanced product will be available immediately to the global UAS broking community, subject to licensing. The One TMK digital exchange was launched in July 2016.

“UAS, more commonly known as drones, are playing an increasingly important role in the world and they’re a class of business we’ve been pioneering for a number of years," said James Walker, head of aviation at TMK.

"We are delighted to be able to offer efficiencies and cost savings to our clients and broking partners by distributing our enhanced coverage through the One TMK platform."

Tom Hoad, head of innovation at TMK, added: "When we launched our digital exchange, we were adamant that we would have multiple products available with the capability to add new lines of business in an efficient manner.

"Following the addition of UAS, we’ll continue to add relevant products to One TMK that will assist our brokers and clients."

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