Swiss Re Ag · SIX:SREN
Swiss Re — Drones event (2016)
11 slides from Swiss Re's conference presentation, 2016
Slide 1: Re/insurance in the age of drones
General Public Release Re/insurance in the age of drones Georgios Toulkeridis Head Aviation Reinsurance Swiss Re
Slide 2: Consequences of technological and regulatory developments for the insurance industry
General Public Release Consequences of technological and regulatory developments for the insurance industry: The Swiss Re aviation perspective Georgios Toulkeridis | Drones event | Head Aviation Reinsurance 2
Slide 3: Drones/UAS Opportunities and Threats
General Public Release Drones/UAS Opportunities and Threats • The commercial use of drones and UAS is increasing exponentially worldwide and accordingly the risks and opportunities associated with it (estimate in 2010 for 2020 ca. 15,000 drones, reality today around 1 mio in existence worldwide). •
Slide 4: When is It an Aviation Risk?
General Public Release When is It an Aviation Risk? Generally, when it is regulated by the local aviation authority • Different definitions in different jurisdictions, one common feature: commercial use • More than 500,000 commercial drones are expected to be in operation in the next 5 years in the
Slide 5: Regulatory Environment
General Public Release Regulatory Environment • Emerging and dynamic regulatory environment • Vast difference in regulations across geographical areas and jurisdictions • Common feature: – Distinction between recreational and commercial use – Visual line of sight and weight restriction of roughly be
Slide 6: Risk Considerations
General Public Release Risk Considerations More commercial and civilian usage will result in higher operating risk but reduced exposure in areas replaced by UAS/drones • Loss of control • Mid-air collisions • War and terrorism risks • Cyber attack • Privacy issues/voyeurism • Vandalism Georgios Toul
Slide 7: Risk Mitigation and Insurance
General Public Release Risk Mitigation and Insurance Some considerations We still don’t know what we don’t know (unknown unknowns) • Steered by named pilots/operators only? • Pilot experience and training? • Operational use? • Loss history? • Maximum take-off mass? • Proximity of populated space and
Slide 8: Risk Considerations
General Public Release Risk Considerations The sheer number of drones and the multitude of uses will challenge the insurance industry: • Could it be so unique as to require its own specialty line such as space today? • Could technology become so much part of «everyday» that all drone use could be in
Slide 9: An exciting new area is emerging and we want to be part of it
General Public Release An exciting new area is emerging and we want to be part of it and partner with you. Thank you! Georgios Toulkeridis | Drones event | Head Aviation Reinsurance 9
Slide 10: General Public Release Georgios Toulkeridis | Drones event | Head Aviation Reinsurance
General Public Release Georgios Toulkeridis | Drones event | Head Aviation Reinsurance 10
Slide 11: Legal notice
General Public Release Legal notice ©2016 Swiss Re. All rights reserved. You are not permitted to create any modifications or derivative works of this presentation or to use it for commercial or other public purposes without the prior written permission of Swiss Re. The information and opinions cont