Starr introduces usage-based aviation insurance

Starr Insurance Companies has announced the launch of Starr Gate, a general aviation policy for pilots who rent aircraft. The policy includes usage-based pricing and a tool that can improve pilots’ skills.

“Until now, pilots did not have real flexibility in their insurance coverage and often paid for coverage they didn’t need,” Starr said. However, the insurer said that Starr Gate “has established a way for pilots to pay for coverage based on when they are flying.” The program also includes the ability to access CloudAhoy, a third-party, cloud-based pilot analytics tool, for a potential discount on premiums.

“This product is a significant innovation for Starr,” said Maurice R. Greenberg, chairman and CEO of Starr Insurance Companies. “For the thousands of pilots around the US, it’s a smarter way to get coverage. We’re leveraging technology to enhance safety and tailor coverage to match the market’s actual needs.”

“Starr Gate is better aligned with a pilot’s skills and flight time,” said Jim Anderson, senior vice president of Starr Aviation. “With CloudAhoy data, we can write coverage in high definition. It’s customized insurance that can make you a better pilot.”

Starr Gate policyholders will get access to CloudAhoy scoring at no additional cost. Starr said the scoring could help improve pilots’ skills by matching their performance with thousands of other pilots.

“Giving pilots the flexibility to buy on-demand coverage could not have come at a better time as we begin to emerge from this public health crisis,” Anderson said. “Qualified pilots can obtain coverage for when they fly. If you’re not flying now, apply for the coverage you need when you do start to fly again.”

Starr Gate is available directly to pilots through an iPad app, accessible in the Apple App Store, as well as through insurance brokers.