Underwriting firm embraces drone market expansion

Aussie drone market is “thriving”

“The growth in the commercial use of remotely piloted aircraft (RPAs) has created a thriving Australian market, but it remains underserved by the insurance industry,” Agile said in a media release announcing the offering.

Crowther offered interesting details on how the drone market is evolving. One of those areas is delivering packages.

“You’ve got this massive network of logistics, where parcels are being flown into big hubs and then going out to post offices and then comes that last mile,” he said.  “Big companies such as the Alphabet Group that owns Google, for example, owns a drone delivery company called Wing.”

According to a report in The Verge, a technology news website, Wing racked up 100,000 drone deliveries more than a year ago across Australia, the US and Finland. However, somewhat surprisingly, most of those parcel deliveries – more than 50,000 according to the report – took place in the suburbs of Brisbane.