Hannover, 17 August 2020

The new platform, called ‘Aviation IQ’, has been developed in partnership with Precision Autonomy and delivers end-to-end digital automation of general aviation insurance policies.

Initially, the platform is only available in Australia but is expected to be rolled out internationally, across all of HDI Global Specialty’s aviation teams.

The announcement extends the partnership that HDI Global Speciality SE already has with Precision Autonomy, which began in January this year providing a commercial drone insurance offering to the Australian market.

Jamie Bowes, Head of Aviation at HDI Global Specialty SE Australia said: “Aviation IQ is a bespoke full insurance life cycle platform for general aviation policies. The aviation market has lacked disruption and innovation, this seeks to considerably change that. We are now able to provide a much faster response to brokers, more flexibility in terms of product offering, pricing and usability, and thus streamlining the traditional method of placement and management of aviation insurance policies.”

“Since the start of our partnership with Precision Autonomy we have been impressed with the customisation capabilities of the platform which will provide aviation brokers with a genuinely enhanced level of service and experience.”

Mark Halverson, Precision Autonomy’s CEO and co-founder added: “We are delighted to be extending our relationship with the Australian team at HDI Global Specialty. The partnership is already delivering a much enhanced experience for their brokers, I’m looking forward to demonstrating our ability to take this to the next level.”

About HDI Global Specialty SE

Following approval by the supervisory authorities, HDI Global Specialty rolled-out operational activities on 1 January 2019.

HDI Global Specialty SE is a joint venture of Hannover Re and HDI Global SE, both being strong and established players in the insurance and reinsurance market. Combining the specialty activities of the Talanx Group into HDI Global Specialty SE, is an excellent platform for putting together cross-business segment expertise and network reach writing agency and specialty insurance business in lines including such as errors & omissions liability insurance, directors’ and officers’ liability insurance (D&O), legal expenses insurance, sports and entertainment, aviation, offshore energy and animal insurance.

Specialist local teams are highly qualified to give quick responses and informed support to the client’s local operations, specifically their special, unusual or difficult insurance needs.

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About Precision Autonomy

Precision Autonomy is a US-based InsurTech company that launched in Australia enabling insurers and reinsurers to offer ‘Pay as you Go’ insurance for inflight and autonomous vehicles, using its proprietary technology platform, algorithms, and integrations.

Precision Autonomy’s digital end-to-end platform and algorithms dynamically price risk based on conditions, pilot performance and machine specifications. The platform also allows profitable management of a large number of small policies.

This ability to manage, price, and insure risk are key steps towards achievement of the Precision Autonomy mission to accelerate the world’s safe adoption of autonomous services.

About HDI Global SE

As an industrial lines insurer, HDI Global SE (HDI) meets the needs of SMEs, industrial companies and corporate customers with insurance solutions that are specifically tailored to their requirements. In addition to HDI's prominent position in the German and broader European market, the company also has operations in more than 150 countries through foreign branch offices, subsidiary and peer companies, and network partners. The company is thus able to offer its customers local policies for their global operations, which ensure that the established service and insurance protection is extended for all covered risks worldwide.

HDI Global SE is a company in the Talanx Group’s Industrial Lines Division. Approx. 3,700 employees in this division generated gross written premiums of approx. EUR 6.2 billion in the year 2019. The rating agency Standard & Poor’s has given the Talanx Primary Group a financial strength rating of A+/stable (strong). Talanx AG is listed on the Frankfurt Stock Exchange in the SDAX as well as on the stock exchanges in Hannover and Warsaw (ISIN: DE000TLX1005, German Securities Code: TLX100, Polish Securities Code: TNX).

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About Hannover Re

Hannover Re, with gross premium of EUR 17.8billion, is the fourth-largest reinsurer in the world. It transacts all lines of property & casualty and life & health reinsurance and is present on all continents with around 3,300 staff. Established in 1966, the Hannover Re Group today has a network of more than 140 subsidiaries, branches and representative offices worldwide. The Group's German business is written by the subsidiary E+S Rück. The rating agencies most relevant to the insurance industry have awarded both Hannover Re and E+S Rück outstanding financial strength ratings: Standard & Poor's AA-"Very Strong" and A.M. Best A+ "Superior".

For media enquiries please contact:

Emma Heal
Tel.: +44 (0)20 7015 4016
Email: Emma.Heal@hdi-specialty.com

Matt Beasley
Full Circle Corporate Communications
Tel: +44 20 7265 7887
Email: mbeasley@fullcirclecomms.co.uk


This news release may include forward-looking statements which are based on certain assumptions, expectations and opinions of the management of Talanx AG and/or HDI Global Specialty SE. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG’s and/or HDI Global Specialty SE’s control, affect our business activities, business strategy, results, performance and achievements. Should one or more of these factors or risks or uncertainties materialize, actual results, performance or achievements of Talanx AG and/or HDI Global Specialty SE may vary materially from those expressed or implied in the relevant forward-looking statement. Talanx AG and HDI Global Specialty SE do not guarantee that the assumptions underlying such forward-looking statements are free from errors nor do Talanx AG and/or HDI Global Specialty SE accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG and HDI Global Specialty SE neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.