Starr Companies has reached an agreement with SkyWatch, a data analysis, risk assessment, and active risk-reduction platform for the drone industry, under which it will offer qualified unmanned aerial vehicle ("UAV") operators the ability to secure insurance "on demand" for each flight.

"The use of UAVs is growing rapidly. SkyWatch allows qualified UAV operators to easily secure quality insurance coverage which is essential for any business. SkyWatch delivers the ability for Starr's aviation business unit to easily obtain the proper data which can be used for better insights on the unique risk a UAV presents," stated Steve Blakey, president and chief executive officer of Starr Insurance Holdings, Inc.

"We believe that SkyWatch brings a fresh approach to how insurance operates, and their safety solutions put them at the forefront of the industry," Mr. Blakey added.