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Since the introduction of drones, several industries have scrambled for the piece of the cake because of the many benefits that come with drones. Among these companies are insurance companies that have opted to use drones for various reasons among the settling claims and conducting surveys. We take a look at some of the insurance companies that have leveraged on drones to not only cut costs but also improve service delivery.
Allstate insurance company is among the very first companies to employ the use of drones. The company depends on drones to conduct random inspection of vehicles and other insurable risks thus saving time and resources. They used drones for spring storm damage inspections in Colorado, New Mexico, Oklahoma and Texas and plans to expand use nationwide in 2018
2. Erie insurance group
Erie Group is anther insurance company that leveraged on the use of drones immediately after the FAA authorized the use of drones by insurance companies. Besides claim inspection, they have also used drones to conduct random surveys and gather customer opinions. They first used a drone for a claim inspection for the first time in September 2015 and has since used drones in Ohio, New York, Pennsylvania and West Virginia.
Farmers insurance was also among the early adopters of this trendy technology. They were among the groups that received the very first green light to proceed with the use of drones for various purposes. Although there is still a lot to be done, Farmers began testing drones for claims Inspection in January 2017. The plan is to ensure that by the end of the year, they are set to start inspecting claims fully and even delivering policies through drones.
4. Liberty Mutual
Liberty Mutual have been using drones for several claims inspection tours since 2016. The decision to start using drones for claims inspection was informed by the fact that it was almost impossible to access some of the areas that required compensation without the use of drones. They began using drones for a significant number of claims inspection after Hurricane Mathew hit the Southeast in October 2016.
5. Nationwide Insurance
Nationwide Insurance has also recently adopted the use of drones after an extensive period of evaluation and testing the viability of drones for claims inspection. This was because the company noted an increase in the cost of claims processing and adjusting that almost matched the payout that was given as compensation.
6. State farm
State farm has been conducting several drone test flights in a number of States in the US for quite some time now. Like Most insurance companies, State Farm hopes that the use of drones for claims inspection and adjusting can help them lower the cost of claims in totality as this constitutes the bulk of the money that is paid out to clients in terms of compensation.
Travelers insurance can be termed as one of the early adopters of this new technology. They have been using drones for claims inspection since early 2017 and are currently using drones in 30 States across the US. So far the results have been successful and it is estimated that by the end of 2020, they will be operating drones for claims inspection in all the 50 states in the US.
The USAA was among the first insurance companies to receive the green light to operate drones by the FAA. SO far they have been using drones in two states, Colorado and Texas. However, there is the likelihood of the company expanding to several other states in the near future owing to the successes they have registered in these two states so far
AIG specializes in aviation insurance, with many of their employees in this line of business being qualified pilots, and has used this in-house expertise to set up their own fleet of drones. They are among the early drone users in the industry and have the advantage of specializing in aviation insurance.
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