25. April 2025
Aviation Industry Takes Off: 122M Facility Paves Way For Drone And Evtol Insurance
The aviation industry is on the cusp of a revolution, with drones and electric vertical takeoff and landing (eVTOL) aircraft set to transform transport and logistics. As these innovative modes of flight gain prominence, it’s essential that operators, fleet owners, and startups have access to robust insurance solutions that can keep up with their growing needs. The newly launched $122M drone and eVTOL insurance facility promises to provide major protection for complex aviation ventures.
At the helm of this groundbreaking initiative is Apollo, an innovation-driven insurance platform that has teamed up with UK-based drone insurance specialist Moonrock to introduce a coverage solution tailored specifically for the next era of flight. This facility will offer liability coverage of up to $100 million and property damage protection of up to $22.5 million, providing a significant boost for drone operators, fleet owners, and startups in the advanced aviation space.
The partnership between Apollo and Moonrock is a testament to the growing demand for specialized insurance solutions that can cater to the unique risks associated with complex drone operations and high-tech aviation ventures like eVTOLs. Major insurers including AEGIS London, AXIS, Beazley, Helvetia, IQUW, and more have partnered with this facility, backing it with industry respect.
This facility is tailored specifically for complex drone operations and high-tech aviation ventures like eVTOLs. It addresses the unique risks associated with these emerging technologies, such as battery failures, system malfunctions, or accidents involving multiple aircraft. This means that operators can rest assured that their coverage is designed to address these specific risks in a smart and flexible way.
“The need for a solution that could handle larger limits for complex drone and eVTOL operations was clear,” says Martin Jackson of Apollo. “This facility delivers that in a smart and flexible way.” The importance of having insurance solutions that can keep pace with innovation and growth in the aviation industry is evident in Jackson’s comments.
For Simon Ritterband, founder of Moonrock, the partnership is a “groundbreaking leap forward” for the drone insurance market. “This opens the door for more ambitious projects, especially those using high-value equipment or breaking new ground in aviation,” he says. The excitement surrounding eVTOLs and their potential to transform industries from air taxis to cargo delivery reflects Ritterband’s enthusiasm.
The launch of this facility also supports the fast-growing field of drone passenger services, positioning Apollo and Moonrock as key players in the future of flight. Drones and eVTOLs are set to become increasingly ubiquitous, and it’s essential that operators have access to robust insurance solutions that can protect their investments and operations.
One of the most significant benefits of this facility is its ability to provide larger limits for complex drone operations. This means that operators can rest assured that their coverage will be sufficient to address any potential risks or liabilities associated with their operations. For example, a drone operator running multiple flights per day may require higher limits than a single pilot flying for recreational purposes.
The facility’s flexible approach to underwriting and distribution ensures that brokers can provide high-quality solutions to their clients. Apollo is committed to working closely with brokers to get this product into the hands of those who need it most, Jackson explains. This collaborative approach will help ensure that operators receive tailored insurance solutions that meet their specific needs.
The launch of this facility reflects the growing recognition of drones and eVTOLs as legitimate modes of transportation. As these technologies gain prominence, regulatory bodies and lawmakers are beginning to take notice. Governments around the world have introduced regulations aimed at ensuring public safety while promoting innovation in the aviation industry.
In the United States, for example, the Federal Aviation Administration (FAA) has introduced a set of rules governing drone operations, including requirements for registration, pilot training, and airspace restrictions. Similarly, in Europe, regulatory bodies such as the European Aviation Safety Agency (EASA) have established guidelines for the development and operation of eVTOLs.
The $122M drone and eVTOL insurance facility is a significant step forward in providing robust insurance solutions for complex aviation ventures. It will support the growth of innovative industries like air taxis and cargo delivery, which are poised to be transformed by drones and eVTOLs. As these technologies continue to evolve, this facility will play a major role in keeping innovation protected.
The launch of this facility represents a groundbreaking moment for the aviation industry. With its comprehensive coverage solution and flexible approach to underwriting and distribution, Apollo and Moonrock have created a game-changing offering that will support the growth of innovative industries. As drones and eVTOLs continue to transform transport and logistics, this facility is poised to play a major role in keeping innovation protected – no matter how far it flies.