Drones - a moving target
Everything about drones is ‘a moving target’ as illustrated by the following dynamic aspects of drones.
Users: serious users in a commercial environment and a vast number of leisure users.
Locations: vast open spaces of desert with just a pipeline in evidence, city centres delivering eBay sales or the local park and playground.
Regulation: some countries have it, some don’t want to know, and most are feverishly trying to reconcile an existing regulatory framework for aircraft with the way they think drones should be regulated.
Drone technology: incredible advances over the last three years; who had heard of “geo-fencing” five years ago?
With such rapid development, not to mention the ever increasing numbers, the assessment of risk by underwriters interested in providing cover for drones, becomes a considerable challenge. Will today’s decisions be valid tomorrow, in such a volatile environment?