Although the use of Unmanned Aerial Vehicles (UAV) is still relatively new, the military has been using various forms of drone technology for more than a century. Commercial applications, however, are still in their infancy.

New as it is, drone technology holds great promise for revolutionizing multiple industries, the insurance sector among them. For insurers, the use of drones can transform several processes — including claims adjustment, underwriting, risk calculation and loss prevention — potentially upending business models and rewriting business operations.

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