Peak3, a leading InsurTech company headquartered in Singapore, has announced a strategic partnership with DJI, the global leader in drone manufacturing, to expand DJI's Agricultural Drone Insurance program in Thailand. This collaboration marks a significant advancement in fostering smart farming technologies across the region.

    Under this new partnership, DJI offers comprehensive drone hull insurance and cost-effective third-party liability insurance with the purchase of agriculture drones. Peak3 streamlines the customer journey through its SaaS technology platform and insurance expertise, working in tandem with DJI to reduce claims costs by 20% to 30% compared to industry standards. Bangkok Insurance underwrites the coverage, ensuring reliable protection for customers.

    This initiative represents a major step forward in propelling smart farming innovations across the region while enhancing the financial resilience of farmers. Given the substantial upfront investment required for agricultural drones, embedding insurance for accidental damage helps mitigate financial risks and provides farmers with peace of mind.