General Insurance Article - LMA calls for primary legislation for drone usage


The Lloyd’s Market Association (LMA) Aviation Committee has submitted a detailed response to the Department for Transport’s (DfT) ‘Consultation on the Safe Use of Drones in the UK’

 The purpose of the consultation was to seek industry opinion as to how government policy, regulation, safety and operations of drones should be managed in the future. The DfT wants to ensure sustainable foundations for a developing drone market are in place to allow growth within this sector.

 As part of the LMA’s response, the Committee suggested that the introduction of primary legislation would be necessary in order to align the regulation of drone operation with those of manned aircraft. It was also suggested that a tiered knowledge and testing based system be developed to ensure continued high safety standards. Both these suggestions would allow insurers to smoothly transition between manned and unmanned aircraft systems, and would also ensure a framework on which insurers could base their products.

 In addition, the LMA Aviation Committee stated that it would support: the provision of regional testing site for drones in response to the rapid increase in drone usage; the introduction of new competency standards and qualifications, similar to driving licence testing, to ensure common safety standards and; tailoring insurance requirements to reflect the risk profiles of different commercial uses.

 The LMA Aviation Committee is the representative voice of Lloyd’s managing agents writing aviation business. The Lloyd’s market accounts for approximately 20-25% of airline risks covered globally.
  

Back to Index


Similar News to this Story

Fight age discrimination through your home insurance
Seven in ten workers have been treated unfairly at work because of their age, according to the latest research from specialist over 50s insurer, SunLi
Brits are under protected should serious illness strike
According to new research from Scottish Widows Brits are woefully under-protected should serious illness strike, Despite more than a fifth (21%) of pe
Aon appoint Vicky Kydoniefs to the EMEA Investment team
Aon has appointed Vicky Kydoniefs as a partner in its EMEA Fiduciary Management team.

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.