Innovative drone insurance launched | Fin24

Innovative drone insurance launched

May 30 2018 18:54

Briisk Limited has provided the technology to launch South Africa’s first fully digital drone insurance, Drone Covered.

It is underwritten by Transact and Protect Insure (TPI), insured by Mutual and Federal Risk Finance and supported by Briisk’s Instant Transaction Platform.

Briisk CEO and co-founder, Hanno van Aarde, says, the goal is to digitise the insurance and financial services market and to accelerate access to online marketplaces, to the point where anyone can sell or buy a financial service, seamlessly.

Disruption of business models and value chains in the insurance and financial services sector has increased the need for product innovation and speed to market.

Briisk’s core technology is based on entity management, allowing the company to digitally map a neural network of any financial services business model and value chain.

“Due to the complexities of the insurance industry and regulatory framework, launching any insurance product is difficult. Briisk’s business model mapping technology enables us to digitally replicate the entire insurance value chain and capture product and customer data according to a UX optimised customer journey and white label interface," says Henk Roos, CEO and founder of TPI.

"We are able to individualise customer communications to our requirements and according to statutory regulations.”

Briisk has been a technology provider of click-and-transact financial services since 2016 and sees the release of each new financial service as an opportunity to move a previously inefficient and slow-to-market industry forward, through digitisation and automation.

“It is simply not efficient for financial services providers, or any others wanting to access the online mass market, to negotiate through the complex industry jungle or even their own technical legacy systems when they can instantly sell or buy digital financial services seamlessly,” concludes van Aarde.

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money  |  insurance  |  drones


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