Moonrock Drone Insurance has been accepted as a member of the Managing General Agents Association (MGAA).
The drone specialist announced news of its membership in an emailed Press release, with founder and managing director Simon Ritterband commenting on the opportunities that this development will bring to the business.
“This is a real badge of honour for Moonrock and highlights our commitment to operating in a fair and ethical way,” he said. “It also offers us a great opportunity to play an active part in the insurance discourse and contribute to all the important discussions in the MGA space.”
The MGAA is a non-profit trade association that was established in 2011 to serve as a lobbying force for managing general agents and maintain ethical conduct within the industry.
As a member of the MGAA, Moonrock will have access to resources such as representation, collaboration, links with suppliers, education and training, MGAA branding, as well as offers and exclusive discounts.
The firm will also uphold the MGAA’s Code of Ethics, which calls for high standards of behaviour and integrity from all members.
In the same release, MGAA CEO Mike Keating expressed his delight in welcoming Moonrock to the trade body’s expanding membership.
“Their business model typifies everything MGAs do so well in specialised segments,” said Keating. “We look forward to working with them.”
Moonrock currently provides coverage to drone pilots across a variety of industries, including film and TV, agriculture, and construction. It also covers non-standard drone operations, including non-standard activities like swarm displays, drone deliveries, and beyond visual line of sight operations.
Earlier this year, Moonrock announced that it was able to secure capacity backing from specialist (re)insurer Apollo for a new drone insurance facility.
“If the drone industry is to unlock its full potential and hit the growth targets estimated to be £45 billion by 2030 and upwards of half a million new jobs, then the support and backing from such seasoned aviation insurance professionals is vitally important,” Ritterband said at the time.
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