Starr launches usage-based aviation insurance
Starr Insurance Companies has launched a new usage-based general aviation policy for pilots who rent aircrafts.
The coverage includes the ability to access CloudAhoy, a third-party, cloud-based pilot analytics tool, that is designed to help them improve their skills.
“This product is a significant innovation for Starr. For the thousands of pilots around the U.S., it’s a smarter way to get coverage. We’re leveraging technology to enhance safety and tailor coverage to match the market’s actual needs,” said Maurice Greenberg, chairman and CEO of Starr Insurance Companies.
Jim Anderson, senior vice president of Starr Aviation, said: “Starr Gate is better aligned with a pilot’s skills and flight time. With CloudAhoy data, we can write coverage in high definition. It’s customized insurance that can make you a better pilot.”
“Giving pilots the flexibility to buy on-demand coverage could not have come at a better time as we begin to emerge from this public health crisis,” he added. “Qualified pilots can obtain coverage for when they fly. If you’re not flying now, apply for the coverage you need when you do start to fly again.”
Chuck Shavit, the creator and CEO of CloudAhoy, further explained: “Using data-driven technology to provide quantitative, objective feedback to pilots has always been part of our vision. We are delighted to see it used in a positive way to reward pilots, and to promote safety and proficiency.”
