DJI, the world’s leading drone manufacturer, has reportedly joined forces with Singapore-based insurtech Peak3 to roll out comprehensive insurance coverage for agricultural drones in Thailand.

The program offers both hull insurance and third-party liability coverage for agricultural drone purchases. It’s a smart move that’ll help Thai farmers deal with the high upfront costs of drone technology. Using Peak3’s tech platform, they’re making the whole insurance process much simpler for customers.

Peak3’s saying they can cut claims costs by 20-30% compared to industry standards – that’s pretty significant. Bangkok Insurance is backing the program as the underwriter, which adds some serious credibility to the initiative.

“Hundreds of thousands” of agricultural drones have already been sold by DJI worldwide, helping farmers reduce emissions and boost yields across countries like Mexico, Indonesia, Brazil, Thailand, and the US. These drones are becoming essential tools for sustainable agriculture, but they’re not cheap – which is exactly why this insurance program matters.

Streamlined Technology Platform

Peak3 (formerly known as ZA Tech) isn’t just throwing together a basic insurance package. They’ve developed an integrated customer data and big data platform that uses AI and analytics to make everything run smoothly. Their SaaS technology platform is designed to make the customer experience as seamless as possible.

DroneXL’s Take

This partnership between DJI and Peak3 represents a significant step forward in the drone industfry effort to make agricultural drones more accessible and less risky for farmers. By providing comprehensive insurance coverage, they’re removing one of the biggest barriers to adoption – financial risk. The move aligns perfectly with the growing trend of using drones for precision agriculture and sustainable farming practices.

Source - Drone XL