Moonrock Insurance

What Moonrock Insurance does

Moonrock Insurance (legal entity IFR Drones Ltd) is a UK-based specialist Managing General Agent providing insurance for unmanned aviation, drones and emerging aerial mobility such as BVLOS and eVTOL. It is authorised and regulated by the Financial Conduct Authority (FRN 979916), registered in England and Wales (company number 09426291), and operates from Northwood with a second listed location in London. The company sells three core products — Hobbyist Drone Insurance (up to £15,000 hull and £1m liability), Commercial Drone Insurance (up to £150,000 hull/payload and £10m liability with EC785/2004 compliance) and Bespoke Drone Insurance for non-standard operations including BVLOS, drone delivery, swarm displays and eVTOL — backed by A-rated capacity through Lloyd's of London and a panel including Hiscox, Apollo and Beazley.

Its technology stack combines three self-serve portals (hobbyist, commercial, customer) and a dedicated broker portal built on the Instanda no-code insurance platform with a recently deployed mea Operations AI platform that uses a domain-specific language model and an insurance-specific knowledge graph to automate submission intake, document processing, claims handling and financial operations. The company also claims to use telemetric operational data to refine pricing and improve safety outcomes.

The business model is subscription/annual recurring premiums on a hybrid distribution stack: self-serve digital portals for hobbyist and standard commercial customers, a UK broker network, an international broker channel reaching the USA and Canada, and direct specialist engagement for bespoke and emerging-aviation risks. Named enterprise customers include Amazon, Apple, BBC, ITV, Netflix and Warner Bros for media production drone work, alongside a broader base of 5,000+ cumulative policies. The company is privately held, recently closed a Series A from Minority Broker Partnerships (MBP) backed by Peter Cullum, and is led by founder and managing director Simon Ritterband.

Name

Moonrock Insurance

Legal name

IFR Drones Ltd

Website

https://moonrockinsurance.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Moonrock Insurance (IFR Drones Ltd) is a UK-regulated specialist MGA providing hobbyist, commercial and bespoke drone and emerging aviation (BVLOS, eVTOL) insurance, backed by Lloyd's of London capacity and distributed via self-serve portals, UK and international broker networks, and direct enterprise sales.

Ownership category

akta.pro rank

Product category

Specialty Drone and Unmanned Aviation Insurance

NAICS

Insurance Agencies and Brokerages (524210), Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Insurance Agents, Brokers & Service (6411), Insurance Carriers, Nec (6399)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

akta.pro secondary industry

Space / Satellite Insurance (FSAJAHAJ)

Keywords

• Drone insurance
• Uav insurance
• Unmanned aviation insurance
• Commercial drone coverage
• Hobbyist drone liability

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Drone Insurance Premiums (Hobbyist): Annual subscription-based drone insurance policies for recreational pilots covering hull/drone damage up to £15,000 and public liability up to £1m. Includes worldwide coverage, theft protection, and accidental damage.
2. Drone Insurance Premiums (Commercial): Commercial drone insurance policies with coverage up to £150,000 for drone hull/payload, £10m third party liability, £10m employers liability, and additional ground equipment up to £55k. Annual policies with monthly instalment options.
3. Bespoke/Specialist Insurance: Custom insurance solutions for BVLOS operations, eVTOL flights, swarm displays, and other emerging aviation technologies. Provides tailored coverage for operators requiring specialist underwriting beyond standard policies.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Moonrock Insurance is a specialist Managing General Agent (MGA) that underwrites and distributes unmanned aviation (drone) insurance. It sells three core insurance products—Hobbyist Drone Insurance, Commercial Drone Insurance, and Bespoke Drone Insurance—covering hull, third-party liability, employers' liability, and specialist risks for emerging aviation such as BVLOS and eVTOL, distributed via self-serve portals, broker networks, and direct specialist engagement, with capacity sourced from A-rated markets including Lloyd's of London.

Product overview

Moonrock Insurance operates as a specialist Managing General Agent (MGA) providing drone and unmanned aviation insurance. Its product portfolio consists of three core insurance offerings — Hobbyist Drone Insurance, Commercial Drone Insurance, and Bespoke Drone Insurance — supplemented by digital self-service platforms for brokers and customers. The Hobbyist product covers recreational pilots with up to £15,000 drone value and £1m liability. Commercial provides enterprise-grade cover with hull up to £150,000 and liability up to £10m. Bespoke covers specialized operations such as BVLOS, swarm displays, and eVTOL flights. All policies are backed by A-rated (Lloyd's) capacity, are EC785/2004 compliant, and provide worldwide coverage including the USA and Canada. The company also offers a broker portal and customer portal built on the Instanda platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Drone Insurance Enterprise-grade drone insurance for commercial pilots and operators covering drone hull and payload up to £150,000, third-party liability up to £10 million, additional ground equipment up to £55,000, and employers' liability at £10 million. Includes EC785/2004 compliance, worldwide cover (including USA and Canada), night flying, flights over water, fly-aways, theft, hired-in equipment, and cyber-attack and invasion of privacy coverage, sold via self-serve quote portal and broker intermediation.
• Hobbyist Drone Insurance Recreational drone insurance for hobbyist and enthusiast pilots covering drone value up to £15,000 and public liability up to £1 million, with theft, accidental damage, new-for-old replacements, and worldwide cover. A single policy can cover up to five vehicles provided combined value stays within the £15,000 material damage limit, sold directly through the hobby.moonrockinsurance.com self-serve portal.
• Bespoke Drone Insurance Custom-tailored drone insurance for non-standard operations including BVLOS (Beyond Visual Line of Sight) flights, drone delivery, heavy lifting, swarm displays and eVTOL flights. Coverage can be arranged for almost any drone operation globally, with policy adjustments and extensions available for one-off projects, accessed through direct specialist engagement and Moonrock's broker network.

Quantifiable outcome

• 95% of all claims settled
• +2 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability2 records

Feature3 records

Partnerships

Six partnerships are on record, tiered core and major.

• mea OperationscoreTechnology or Integration · 27 January 2026Deployment of mea Operations AI platform across Moonrock's business to support underwriting and operational efficiency. Platform provides end-to-end automation across core operational workflows including submission intake, data ingestion, document processing, claims handling, and financial operations.
• mea PlatformcoreTechnology or Integration · 22 January 2026Partnership to implement mea Operations, an AI-first operating platform, across Moonrock's specialist drone insurance MGA business operations. Moonrock positions itself as a technology-first MGA leveraging AI as foundational operating infrastructure.
• Lloyd's of LondoncoreOthersA-rated underwriting capacity backed by Lloyd's of London, providing financial security through partnerships with Tier 1 reinsurers. Underwriting decisions made by people who understand aviation risk.
• HiscoxmajorOthersInsurer partner providing claims handling for hobbyist and small commercial property damage claims. Claims processed through dedicated Hiscox claims team.
• ApollomajorOthersInsurance capacity partner shown in company logos, part of Moonrock's panel of A-rated insurer partners.
• BeazleymajorOthersInsurance capacity partner shown in company logos, part of Moonrock's panel of A-rated insurer partners for specialty lines.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Flock: UK-based drone insurance MGA offering on-demand, pay-as-you-fly cover powered by telematics data. Most direct comparable to Moonrock given shared UK MGA structure, drone specialism, and data-driven risk pricing approach.
• Coverdrone: Specialist UK drone and UAS insurance broker providing commercial and hobbyist cover to professional operators. Closely comparable given overlapping UK market focus, drone-only product portfolio, and broker distribution model.
• DroneInsurance.com: US-focused drone insurance broker placing hull and liability cover for commercial and recreational operators. Comparable as a specialist intermediary serving the same unmanned aviation risk profile, albeit with US rather than UK distribution focus.
• SkyWatch: Drone insurance platform offering on-demand liability and hull policies with usage-based pricing for commercial and hobbyist pilots. Directly comparable as a digital-first drone insurance specialist serving the same customer personas.
• Verifly (Thimble): On-demand drone insurance provider offering short-duration liability policies via a mobile app. Comparable in serving the same drone operator base with a digital, self-serve buying experience targeting hobbyist and small commercial pilots.

Broad incumbents

• Allianz Global Corporate & Specialty: Global insurer's specialty arm underwriting aviation, including emerging UAV and eVTOL risks, through traditional aviation products. Comparable as a broad incumbent expanding into the same unmanned and advanced air mobility categories.
• Global Aerospace: Established aviation insurance pool providing hull, liability, and specialty cover to manned and unmanned operators. Comparable as a broader aviation underwriter increasingly active in UAS and emerging aviation segments.
• Beazley: London-listed specialty insurer active in aviation, marine, and emerging technology risks, and a named capacity partner of Moonrock. Comparable as a specialty incumbent underwriting within adjacent aviation and emerging-tech lines.
• AIG Aviation: Major global aviation insurance carrier offering aerospace and airline coverage, with growing involvement in drone and UAS risks. Comparable as a large incumbent bringing general aviation underwriting frameworks into unmanned aviation.
• Hiscox: UK-listed specialty insurer with significant drone and UAS exposure (and a capacity partner of Moonrock). Comparable as a specialty broker/insurer participating in the same drone insurance market with broader portfolio diversification.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/moonrockinsurance
• Instagraminstagram.com/moonrockdrone/?hl=en-gb
• Xx.com/moonrockdrone
• LinkedInlinkedin.com/company/moonrock-drone-insurance

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors1 record

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 Moonrock Insurance