In what feels like a short time, unmanned aerial systems(UASs)—also known as drones—have moved from the latest in warfaretechnology, to high-tech toys, to valuable tools that can have manycivilian uses, especially in the insurance industry. This rapidexpansion can be attributed—at least in part—to the insurancemarket's willingness to provide cover for drone deployment,according to a report published June 2 by Marsh, a global leader ininsurance broking and risk management.

The report, Dawningof the Drones: The Evolving Risk of Unmanned AerialSystems, indicates that insurance capacity for UASoperations is "plentiful." UAS risks are being written worldwide byLloyd's markets and companies alike, although the report notes that"appetites are proportional" to the comprehension of risk UASs ingeneral, ratings, working development and the clientsthemselves.

The Association for Unmanned Vehicle Systems Internationalobserves that UAS usage has potentially vast economicbenefits—estimated at US$82 billion and 100,000 jobs in the U.S. by2025.

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Rosalie Donlon

Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU You can contact her at [email protected].