TMK EXPANDS DIGITAL PRODUCT LINES WITH DRONE OFFERING

Tokio Marine Kiln (TMK) has added unmanned aerial systems (UAS) insurance to its One TMK digital exchange. The move will allow brokers to quote and bind UAS policies online in real time, globally. The product, which features a newly enhanced policy wording, will be available immediately to the global UAS broking community, subject to agreed business terms with TMK and licensing. The One TMK digital exchange was launched in July 2016 with the aim of lowering transactional costs for brokers and enabling them to provide a more efficient service to their clients. In addition to the enhanced UAS product, the exchange features TMK’s cargo insurance product Cargo10, which enables brokers to secure coverage after completing just 10 questions.