Farmers Insurance teamed up with Kespry to provide drones to their insurance inspectors.
From vertical farming to alternative lending and now to drones, our third portfolio “powerchat” of the morning came from Kespry CEO George Mathew who spoke with Financial Times reporter Leslie Hook about industrial drone technology.
In partnership with Kespry, Farmers will send in drones to assess hurricane damage. Just this month, Farmers announced a new microdrone fleet that will assist adjusters on residential roof damage claims in areas impacted by hailstorms and other severe weather events.
Fleets of commercial drones are primed to hover over the destruction from Tropical Storm Harvey in an unprecedented test of unmanned aircraft’s ability to assess billions of dollars in damage for the insurance industry and accelerate payouts for harried policyholders.
Farmers recently announced an agreement with Kespry, which will provide the insurer with hardware, software and analytics around drones.
New technology and software can expand human capability and dramatically increase efficiency in the insurance industry, according to George Mathew, CEO, Kespry.