AIG is looking to sell liability insurance to cover your drone.

aig cto mike brady
aig cto mike brady

Mike Brady, the chief technology officer for insurance company AIG, owns a drone that he can control with his iPhone, he told attendees during Oracle’s OpenWorld conference, held in San Francisco’s this week.
But he’s more than just a hobbyist.

He’s convinced that drones are going to be a big deal for the insurance company in two ways. First, they are going to help insurers get to disasters and accident scenes faster, fly around and access damage. That’s why in April, AIG obtained its corporate drone license, Brady said.

And that’s why, “we have IT professionals now working on commercializing drones.”

AIG is also looking at the day when commercial drones are legal and everywhere. The Association for Unmanned Vehicle Systems International predicts that by 2025, US businesses will be buying 160,000 drones a year, Brady says.

All those drones will become a big deal for insurance companies because having that many of them flying around “creates risk,” he said.

Thinking ahead, AIG is already selling drone insurance for everything from protecting your expensive commercial drone, to covering you for liability if your drone gets into an accident.

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