Document Detail

Title: Order
Reference No.: IRDAI/NL/ORD/MISC/160/06/2020
Date: 24/06/2020
Working Group for insurance of Remotely Piloted Aircraft System(RAPS)/ Drone Technology

 

Drones are emerging as oneof the fastest growing technologies and are being used for a variety ofpurposes. Their numbers are growing rapidly. Drones are playing a significantrole in the current COVID 19 situation, assisting various authorities inseveral activities. There is an immediate need to make available suitable insuranceproducts covering the various risks involved in the use of Drones.

2. In the above backdrop, theAuthority has decided to constitute a Working Group as follows:

Sr. No.

Name

Designation

Organization

Chairperson / Member

1.

Shri. Anjan Dey

General Manager

The New India Assurance Co. Ltd

Chairman

2.

Smt. Arthi Mathur

General Manager

Oriental Insurance Company Ltd

Member

3.

Shri. Savio Fernandes

Deputy General Manager

GIC Re

Member

4.

Shri. S. Vishwanathan

Head, Commercial Lines Undewriting

SBI General Insurance Company Ltd

Member

5.

Shri. Diptanshookumar

Deputy Vice President

TATA AIG General Insurance Co. Ltd

Member

6.

Shri. T.A. Ramalingam

Chief Technical Officer

Bajaj Allianz General Insurance Company Ltd

Member

7.

Smt. C. Latha

Deputy General Manager

Re-insurance Department, IRDAI,

Member

8.

Shri. Mukesh Kewalramani

Assistant General Manager

Actuarial Department, IRDAI,

Member

9.

Shri. Ajay Kumar

OSD (AGM)

Non-Life Department, IRDAI

Convenor

 

3. The Terms of Reference of the Working Group are as under:

     I.       Studyand understand the insurance needs of RPAS owners and operators

     II.       Makerecommendations relating to design and development of product/s meeting theneeds of RPAS owners and operators, including Third Party Liability.

    III.       Makerecommendations relating to underwriting of such risks including there-insurance perspective.

    IV.       To examine any other relevant matter relating to the subject.

 

4.    TheWorking Group shall submit its report within six weeks of the date of thisOrder.

(Yegnapriya Bharath)

Chief General Manager(Non-life)

 

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