IRDAI/NL/ORD/MISC/160/06/2020
Dated:24th June 2020
Sub: Working Group for
insurance of Remotely Piloted Aircraft System(RAPS)/ Drone Technology
Drones are emerging as one
of the fastest growing technologies and are being used for a variety of
purposes. Their numbers are growing rapidly. Drones are playing a significant
role in the current COVID 19 situation, assisting various authorities in
several activities. There is an immediate need to make available suitable insurance
products covering the various risks involved in the use of Drones.
2. In the above backdrop, the
Authority 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.
Study
and understand the insurance needs of RPAS owners and operators
II.
Make
recommendations relating to design and development of product/s meeting the
needs of RPAS owners and operators, including Third Party Liability.
III.
Make
recommendations relating to underwriting of such risks including the
re-insurance perspective.
IV.
To
examine any other relevant matter relating to the subject.
4.
The
Working Group shall submit its report within six weeks of the date of this
Order.
(Yegnapriya Bharath)
Chief General Manager
(Non-life)