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2014 SUSB Expo
PATRICK EGAN
SUAS NEWS
THE EXPO 2014
WELCOME
Couple of fun facts:
• Transport Risk broke 325 insured UASs last Friday. Over the weekend
we had 7 more bound.
• Transport Risk is entering into the international market in 90 days and will
be insuring directly throughout the EU.
• Transport Risk is going to be announcing a partnership that is
unprecedented in either the UAS or UAV insurance industries. This is
with an established well known partner. This will involve thousands of
units.
• Transport Risk has combined premiums written on UAS manufacturers
and operators exceeding $1.1mm.
• Transport Risk has 11 underwriters now insuring UAS and 7 of those are
exclusive.
What A Difference
A Year Makes
Patrick Egan
Do we need standards?
Key Industry Factors
Financing/FUN-ding
Regulation
Insurance
Public Acceptance
Technology
$79
ROI in a False Economy
$250,000,000.00
$55,000,000,000.00
$255,000,000.00
$450,000.00
$1,000,000.00
$300.00
Costperflighthour
0
$37,500.00
$7,500.00
$500,000.00
$150.00
$3500.00
REGULATORY INROADS
“What does it look like?”
* RTCA SC 228 Work products review on the agenda
Page #2 MIL-STD-3001 manual is 480
pages plus a 301 page handbook! Page #2 ISO, etc??
Further ASTM review needed!
The Airspace Integration Broken Record
Hardcore lobbying
Chairman of the Unmanned Systems Caucus total haul $830,000+
UAS ARC
Stakeholder’s are big vendors, no small business representation
ASTM F-38
Cannot produce a member and affiliations list – The work speaks for itself
Quote from a member- “That Chinese stuff ain’t gonna fly!”
RTCA sc 228
C2 and Human Factors- Military focus, no small business representation
AUVSI
Ineffective industry/regulatory representation and the EKM has got to go!
FAA
No support for public ADS-B algorithm. BLOS liability??
Punch line - Small Business is locked out!
THANK YOU sUAS News Readers
• For making us the #1 UA news outlet
• For watching Drone TV
• For listening to the Podcast
• For supporting the advertisers
• For all of the positive feedback
• For supporting the Global community
QUESTIONS?

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2014 SUSB Expo highlights major growth and partnerships in UAS insurance

  • 1. 2014 SUSB Expo PATRICK EGAN SUAS NEWS
  • 3.
  • 4. Couple of fun facts: • Transport Risk broke 325 insured UASs last Friday. Over the weekend we had 7 more bound. • Transport Risk is entering into the international market in 90 days and will be insuring directly throughout the EU. • Transport Risk is going to be announcing a partnership that is unprecedented in either the UAS or UAV insurance industries. This is with an established well known partner. This will involve thousands of units. • Transport Risk has combined premiums written on UAS manufacturers and operators exceeding $1.1mm. • Transport Risk has 11 underwriters now insuring UAS and 7 of those are exclusive.
  • 5. What A Difference A Year Makes Patrick Egan
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  • 8. Do we need standards?
  • 10. $79 ROI in a False Economy $250,000,000.00 $55,000,000,000.00 $255,000,000.00 $450,000.00 $1,000,000.00 $300.00 Costperflighthour 0 $37,500.00 $7,500.00 $500,000.00 $150.00 $3500.00
  • 12.
  • 13. “What does it look like?” * RTCA SC 228 Work products review on the agenda Page #2 MIL-STD-3001 manual is 480 pages plus a 301 page handbook! Page #2 ISO, etc?? Further ASTM review needed!
  • 14. The Airspace Integration Broken Record Hardcore lobbying Chairman of the Unmanned Systems Caucus total haul $830,000+ UAS ARC Stakeholder’s are big vendors, no small business representation ASTM F-38 Cannot produce a member and affiliations list – The work speaks for itself Quote from a member- “That Chinese stuff ain’t gonna fly!” RTCA sc 228 C2 and Human Factors- Military focus, no small business representation AUVSI Ineffective industry/regulatory representation and the EKM has got to go! FAA No support for public ADS-B algorithm. BLOS liability?? Punch line - Small Business is locked out!
  • 15. THANK YOU sUAS News Readers • For making us the #1 UA news outlet • For watching Drone TV • For listening to the Podcast • For supporting the advertisers • For all of the positive feedback • For supporting the Global community