Precision Autonomy logo

Precision Autonomy

Cloud-based quote-bind-issue platform for drone, general aviation, and autonomous vehicle insurance

Underwriting & Risk Growth Series A
Visit Website

Overview

Precision Autonomy is an underwriting technology and SaaS platform provider serving carriers and brokers in the drone, general aviation, and autonomous vehicle insurance markets. The company operates primarily in the United States, Australia, New Zealand, and Europe through capacity partnerships with established carriers.

The platform's core is a risk-rating engine that evaluates over 400 factors in pilot flight performance to generate bespoke risk scores, enabling online quotes and policy issuance in under 60 seconds. A publicly accessible REST API allows technology companies to embed commercial drone insurance directly into third-party products. The PA On Purpose infrastructure records real-time flight data to support parametric claims and dynamic risk assessment at scale.

Founded in 2014, the company has raised USD 3.53M across two rounds, including a Series A in April 2020 led by Envest Group (Australia). Drone underwriting grew 89% in Australia and 119% in New Zealand in 2021. Carrier partners include Old Republic Aerospace (USA), QBE (Australia), and HDI Global Specialty (Europe/AU/NZ).

Products & Services

Commercial Drone Insurance Platform

A pay-per-minute ("pay-as-you-fly") insurance platform for enterprise drone fleets and small commercial operators. Underwritten by Old Republic Aerospace in the USA and QBE in Australia.

Key Features

  • Online quotes in under 60 seconds using a 400+ factor risk-rating algorithm
  • Asset protection (damage, theft, emergency expenses) and third-party liability coverage
  • Ground operations coverage (slips/trips, privacy liability)
  • Accessible via broker channel through Blue Zebra's Zebra Lounge portal

Target Users: Commercial drone operators, enterprise fleet managers, insurance brokers

Aviation IQ (General Aviation Platform)

An online platform for general aviation insurance developed in partnership with HDI Global Specialty SE. Launched in 2020, covering aircraft in Europe, Australia, and New Zealand.

Key Features

  • Automated policy issuance via web platform
  • In-flight and on-ground coverage for general aviation
  • Co-developed with HDI Global Specialty under the "Aviation IQ" brand

Target Users: General aviation operators and pilots in Europe, Australia, and New Zealand

Autonomous Services Coverage

Insurance for autonomous robots across production, supply, transport, surveillance, and healthcare sectors, with readiness for Advanced Air Mobility (AAM) and eVTOL aircraft.

Key Features

  • Coverage for aerial, marine, and land-based autonomous robots
  • Advanced Air Mobility and eVTOL readiness
  • Parametric claims capability enabled by PA On Purpose flight data infrastructure

Target Users: Operators of autonomous vehicles and robots, AAM companies

PA On Purpose Platform

Proprietary risk-rating engine and fleet management backend that records real-time flight data and underpins the company's parametric claims and dynamic risk assessment capabilities.

Key Features

  • Real-time flight data recording and storage
  • 400+ factor pilot/flight scoring algorithm
  • Parametric claims processing support
  • Publicly accessible REST API for third-party product integrations

Target Users: Carriers, insurtech integrators, enterprise fleet operators

At a Glance

Founded
2014
Headquarters
Austin, Texas, USA
Employees
11-50
Funding
Series A

Category & Focus

Category
Underwriting & Risk
Subcategories
Automated underwriting risk scoring specialty insurance platform
Insurance Verticals
Specialty/E&S P&C Commercial
Target Customers
Carriers, Brokers, MGAs/MGUs

Customers

  • Enterprise drone fleet operators (agriculture, construction, energy sectors)
  • Commercial drone operators in Australia, New Zealand, and USA
  • Insurance brokers via Blue Zebra's Zebra Lounge portal

Links

Similar Companies

Last updated: 2026-06-05