What Precision Autonomy does

Precision Autonomy is a privately held Managing General Agent (MGA) that operates a digital insurance platform for commercial drones and general aviation, with its legal entity Precision Autonomy Services Inc domiciled in Texas and operational headquarters in Plano, TX, and a regional hub in Sydney, Australia. The company was founded in Australia in 2018 (per company history timeline; firmographic metadata cites 2014) and serves customers across Australia, New Zealand, the United States, and Europe through underwriting partnerships with HDI Global Specialty SE, Old Republic Aerospace, Sompo Japan, and QBE Australia. Its core technology is a proprietary cloud-based risk rating engine that analyzes over 500 metrics covering human, machine, and environmental factors to dynamically price risk in real time, rather than relying on historical aggregated risk models.

The product portfolio includes pay.per.fly, a usage-based mobile application that allows drone operators to pay per-flight-minute for insurance coverage; Aviation IQ, a digital full-lifecycle platform for general aviation policies co-developed with HDI Global Specialty SE; Drone Insurance for commercial operators; and a Digital Broker Platform offering white-label solutions for insurance brokers to quote, bind, and issue policies in minutes. Distribution combines a broker/MGA channel, direct-to-operator self-service, white-label integrations, and embedded API distribution through compliance networks (FlyFreely) and drone OEMs (Bask Aerospace, Eirobotix).

Precision Autonomy generates revenue through usage-based insurance premiums, MGA commissions from carrier partners for placed business, subscription/recurring fees from broker platform access, and white-label solution fees. Target customer segments include enterprise and commercial drone operators in mining, energy, construction, agriculture, package delivery, and logistics, plus insurance brokers placing commercial drone and general aviation coverage. Operational metrics reported include a 60-second average quote time, 7-minute fastest quote-bind-issue, and 11-minute fastest simple claim. The company employs 11-50 people and is led by Founder and CEO Mark Halverson (25 years global consulting, IEEE committee co-chair) and COO Leanne Seeto (multi-national insurance background), with a CTO (Lee Thompson, ex-E*Trade architect) and specialized AI/ML technical staff.

Name

Precision Autonomy

Legal name

Precision Autonomy Services Inc

Website

https://precision-autonomy.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Precision Autonomy is a private insurtech MGA providing usage-based commercial drone and general aviation insurance through a proprietary real-time risk rating engine, serving operators in mining, energy, construction, agriculture, and logistics, as well as insurance brokers across Australia, New Zealand, the USA, and Europe.

Ownership category

akta.pro rank

Product category

InsurTech / Drone and Aviation Insurance

NAICS

Insurance Carriers (5241), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Software Publishers (5132)

SIC

Insurance Carriers, Nec (6399), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Autonomy Software, AI & Mission Management (UAS/UXV) (IMABAIAH)

akta.pro secondary industry

Aerial Robotics (Drones & UAV Autonomy) (HDAAAIAG)

Keywords

• Drone insurance
• Usage-based insurance
• Insurance technology
• Autonomous vehicle insurance
• Aviation underwriting

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Usage-based Insurance Premiums: The company earns premiums from usage-based drone and autonomous vehicle insurance policies. Operators pay per-flight-minute for coverage when their assets are in operation, with lower base fees when assets are grounded. The platform enables insurers and brokers to profitably deliver high frequency, low premium policies.
2. Broker Platform Services: As an MGA, Precision Autonomy earns commissions and fees from insurance carriers (HDI Global Specialty, Old Republic Aerospace, Sompo Japan) for placing business through its digital platform. Brokers pay for access to automated underwriting, quote-bind-issue services, and white-label solutions.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Precision Autonomy is an insure-tech MGA that underwrites and distributes usage-based drone insurance and general aviation insurance through a cloud-based digital platform. Its core offerings include the pay.per.fly mobile application for per-flight-minute drone coverage, Aviation IQ for general aviation policy lifecycle automation, and a white-label Digital Broker Platform that enables brokers to quote, bind, and issue policies in minutes. The platform is powered by a proprietary multi-variable Risk Rating Engine that dynamically prices risk in real time using over 500 human, machine, and environmental metrics.

Product overview

Precision Autonomy operates as an insure-tech platform providing a portfolio of insurance products for autonomous systems. The core offerings include: pay.per.fly, a pay-per-flight-minute drone insurance app; Drone Insurance for commercial drone operations; General Aviation Insurance through HDI Global Specialty; and Aviation IQ, a digital platform for general aviation policy management. These products are powered by the proprietary Risk Rating Engine, which enables real-time dynamic risk assessment and pricing. The Digital Broker Platform provides white-label capabilities for insurance brokers to integrate and distribute these products.

Differentiator

Problem solved

Functional benefit

Products and services

• pay.per.fly Pay-per-flight-minute mobile application for drone insurance that allows operators to activate coverage at the point of flight, with instant claim reporting, asset management, and fleet tracking. Available to Australian ReOC holders and connected via API to partner platforms such as FlyFreely and PrecisionTRAX.
• Aviation IQ Bespoke full insurance lifecycle platform for general aviation policies co-developed with HDI Global Specialty SE. Provides faster broker response, more flexibility in product offering, pricing and usability, streamlining the traditional method of placing and managing aviation insurance policies.
• Drone Insurance Commercial drone insurance for enterprise drone fleets, small operators, and individual ReOC holders, available in Australia, New Zealand and the USA. Coverage includes hull damage, third-party liability (from $100,000 to $10 million), and ground operations under an annual base policy plus per-minute flight activation model.
• General Aviation Insurance General aviation insurance for in-flight and on-ground operations, provided in partnership with HDI Global Specialty for Europe, Australia and New Zealand through an intuitive online platform with end-to-end digital automation.

Quantifiable outcome

• 60 seconds average time to issue a quote; 7 minutes fastest quote-bind-issue; 11 minutes fastest simple claim
• +2 more outcomes

Named customers3 records

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability3 records

Feature4 records

Partnerships

Eleven partnerships are on record, tiered core, major and minor.

• InfosyscoreStrategic or Co-development Partner · 12 May 2026Partnership announced with Infosys to scale globally, leveraging Infosys's AI infrastructure and investment capabilities. CEOs Mark Halverson and Atul Chaturvedi discussed AI transforming insurance for autonomous vehicles, drones, and emerging physical AI systems.
• HDI Global Specialty SEcoreTechnology or IntegrationStrategic partnership for underwriting drone and general aviation insurance. Binding authority agreement in Australia. Co-developed Aviation IQ platform for end-to-end digital automation of general aviation policies covering Australia, New Zealand, and Europe.
• Old Republic AerospacecoreTechnology or IntegrationUS underwriting partner for drone insurance. Precision Autonomy operates as Agent of Old Republic Aerospace in Arizona, California, Colorado, Florida, Georgia, Illinois, New York, North Carolina, Ohio, Virginia, and Washington states.
• Sompo Japan – AustraliamajorTechnology or IntegrationBinding authority agreement with Sompo Japan – Australia to underwrite drone insurance in Australia and New Zealand markets.
• QBE AustraliacoreTechnology or IntegrationCo-innovated Usage Based Insurance (UBI) with QBE. QBE underwrites drone insurance for Australian operators. Partnership enables pay-per-flight-minute insurance pricing through the pay.per.fly application.
• FlyFreelymajorTechnology or IntegrationAPI embedding partnership allowing FlyFreely to embed pay-as-you-fly insurance as part of their drone compliance network. FlyFreely is an industry leader in compliance covering pilot licensing, craft assessment, and mission planning. Insurance seamlessly embedded in their platform.
• Bask AerospaceminorChannel Partner/ Reseller/ DistributorPartnership with drone manufacturer Bask Aerospace to offer pay-as-you-go insurance with purchase of Bask Aerospace units. pay.per.fly app offered as bundled solution with AeroDrone series and accessories.
• EirobotixminorChannel Partner/ Reseller/ DistributorPartnership with drone manufacturer Eirobotix offering access to pay-as-you-go insurance software. CASA licensed manufacturer customers can access insurance payable by-the-minute for in-flight and ground protection.
• Drone User Group NetworkminorGTM or Marketing PartnerPartnership with Drone User Group Network to provide insurance solutions to their drone operator community. Coverage featured in SUAS News.
• Macquarie BankminorGTM or Marketing PartnerPartnership with Macquarie Bank to offer financing options to drone operators. Enables customers to access financing for drone purchases alongside insurance coverage.
• Astral ARminorGTM or Marketing PartnerCollaboration with Astral AR, a startup creating drones for search and rescue missions and crisis use cases as part of Drones for Good initiatives.

Scale indicators5 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Coverdrone: Specialist drone insurance provider offering hull and liability cover to commercial UAV operators across the UK, Europe, and other markets. Comparable to Precision Autonomy as a focused drone insurance MGA targeting enterprise and small-operator segments.
• SkyWatch.AI: A drone insurance platform offering on-demand, usage-based hull and liability coverage for commercial UAV operators. Directly comparable as a digital-first drone MGA with a mobile app distribution model similar to Precision Autonomy's pay.per.fly.
• Moonrock Drone Insurance: Specialist broker/MGA offering drone insurance across multiple markets with an emphasis on commercial operators. Comparable as a niche drone insurance distributor competing for the same operator and broker relationships.
• Flock: London-based insurtech MGA providing pay-as-you-fly drone insurance powered by a real-time risk engine. Closely comparable to Precision Autonomy on usage-based pricing, dynamic risk scoring, and digital-first broker/operator distribution.

Broad incumbents

• Tokio Marine HCC: Global insurance group with aviation and specialty lines serving emerging mobility customers. Comparable as a deep-pocketed incumbent able to underwrite drone and autonomous risks at scale that Precision Autonomy depends on as a carrier.
• Berkshire Hathaway Specialty Insurance: Specialty insurer offering aviation and emerging risk lines with significant underwriting capacity. Comparable as a broad incumbent able to price and bind aviation and drone coverage that competes with Precision Autonomy's carrier-supported model.
• Starr Aviation: Specialty aviation and aerospace insurer offering drone and emerging-technology coverage. Comparable as an incumbent aviation underwriter competing for the same broker and operator relationships in the drone insurance market.
• Global Aerospace: Established aviation insurer that acquired Verifly to add digital drone insurance to its portfolio. Comparable as a large incumbent now offering digital drone underwriting, posing direct competition to Precision Autonomy's US and EU ambitions.
• Allianz Global Corporate & Specialty: Major global aviation and aerospace insurer with growing drone and emerging-mobility product lines. Comparable as a broad incumbent expanding into autonomous and unmanned aerial insurance that could encroach on Precision Autonomy's niche.
• AIG Aviation: Large multinational aviation insurer underwriting general aviation and emerging drone risks. Comparable as a broad incumbent that competes with Precision Autonomy for general aviation premiums and increasingly for autonomous aerial business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/precision-autonomy
• Xx.com/PrAutonomy

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Precision Autonomy