Patrick Egan Expo2014

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2014 SUSB Expo PATRICK EGAN SUAS NEWS

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Patrick Egan's presentation from the Silicon Valley Expo

Transcript of Patrick Egan Expo2014

  • 1. 2014 SUSB Expo PATRICK EGAN SUAS NEWS

2. THE EXPO 2014 WELCOME 3. Couple of fun facts: Transport Risk broke 325 insured UASs last Friday. Over the weekend we had 7 more bound. Transport Risk is entering into the international market in 90 days and will be insuring directly throughout the EU. Transport Risk is going to be announcing a partnership that is unprecedented in either the UAS or UAV insurance industries. This is with an established well known partner. This will involve thousands of units. Transport Risk has combined premiums written on UAS manufacturers and operators exceeding $1.1mm. Transport Risk has 11 underwriters now insuring UAS and 7 of those are exclusive. 4. What A Difference A Year Makes Patrick Egan 5. Do we need standards? 6. Key Industry Factors Financing/FUN-ding Regulation Insurance Public Acceptance Technology 7. $79 ROI in a False Economy $250,000,000.00 $55,000,000,000.00 $255,000,000.00 $450,000.00 $1,000,000.00 $300.00 Costperflighthour 0 $37,500.00 $7,500.00 $500,000.00 $150.00 $3500.00 8. REGULATORY INROADS 9. What does it look like? * RTCA SC 228 Work products review on the agenda Page #2 MIL-STD-3001 manual is 480 pages plus a 301 page handbook! Page #2 ISO, etc?? Further ASTM review needed! 10. The Airspace Integration Broken Record Hardcore lobbying Chairman of the Unmanned Systems Caucus total haul $830,000+ UAS ARC Stakeholders are big vendors, no small business representation ASTM F-38 Cannot produce a member and affiliations list The work speaks for itself Quote from a member- That Chinese stuff aint gonna fly! RTCA sc 228 C2 and Human Factors- Military focus, no small business representation AUVSI Ineffective industry/regulatory representation and the EKM has got to go! FAA No support for public ADS-B algorithm. BLOS liability?? Punch line - Small Business is locked out! 11. THANK YOU sUAS News Readers For making us the #1 UA news outlet For watching Drone TV For listening to the Podcast For supporting the advertisers For all of the positive feedback For supporting the Global community 12. QUESTIONS?