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class="globe-inner-circle" fill="#FFF" d="M10 1.1c-4.9 0-8.9 4-8.9 8.9s4 8.9 8.9 8.9 8.9-4 8.9-8.9-4-8.9-8.9-8.9zm0 16.7c-4.3 0-7.8-3.5-7.8-7.8S5.7 2.2 10 2.2s7.8 3.5 7.8 7.8-3.5 7.8-7.8 7.8z"/><path class="globe-outer-circle" fill="#848F91" d="M10 20C4.5 20 0 15.5 0 10S4.5 0 10 0s10 4.5 10 10-4.5 10-10 10zm0-1.1c4.9 0 8.9-4 8.9-8.9s-4-8.9-8.9-8.9-8.9 4-8.9 8.9 4 8.9 8.9 8.9z"/></svg>
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    <section class="accounts-list accounts-list-dropdown" data-accounts-list-dropdown>
        <div class="accounts-header accounts-list-dropdown">
            <span class="accounts-icon-wrapper">
                <svg class="svg-icon profile-icon accounts-list-dropdown" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 17 18.8"><path class="profile" fill="none" stroke="#848F91" d="M.5 14.8c.1-1.1 1-2.1 2.4-2.8.5.7 1.1 1.3 1.5 1.7.9.8 2.8 1.2 4 1.2s3.1-.4 4-1.2c.5-.5 1.2-1 1.7-1.6 1.4.7 2.2 1.7 2.3 2.7v3.4H.4l.1-3.4zm8-4c-3.6 0-4.6-4-4.6-6.2S5.9.5 8.5.5 13 2.3 13 4.6s-1 6.3-4.5 6.2z"/></svg>            </span>
            <div class="accounts-header-title">BI ACCOUNTS</div>
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    <ul class="accounts-listgroup">

        
                                                
    <li class="accounts-listitem">
            <a class="accounts-link" href="/login" target="" data-signin-default aria-label="signin">BUSINESS INSIDER</a>

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                            <li class="accounts-listitem signout-listitem">
                                            <a class="accounts-link" href="/subscription/prime" target="" data-signin-default aria-label="signin">BI PRIME</a>


                                            <a class="accounts-link-logout is-access-denied" href="#" target="" data-bi-prime-logout aria-label="signout">SIGN OUT</a>

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<nav class="l-nav l-nav-full" data-nav data-e2e-name="l-nav" data-track-page-area="Navigation">
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                        <li class="verticals-accordion-flex-grow verticals-accordion-listitem" data-vertical-label="tech">
                                                            <label class="verticals-accordion-label " data-e2e-name="vertical-listitem-link" data-vertical-listitem="Tech" for="item1">
                                    <a href="/sai" class="verticals-accordion-listitem-link" data-e2e-name="vertical-listitem-link" data-vertical-listitem="Tech">Tech</a>
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                                                                            <section class="verticals-accordion-subvertical-section">
                                                                                                        <a href="/enterprise" class="verticals-accordion-subvertical-link">
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                                    <a href="/clusterstock" class="verticals-accordion-listitem-link" data-e2e-name="vertical-listitem-link" data-vertical-listitem="Finance">Finance</a>
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                                                                            <section class="verticals-accordion-subvertical-section">
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                        <li class="verticals-accordion-flex-grow verticals-accordion-listitem" data-vertical-label="politics">
                                                            <label class="verticals-accordion-label " data-e2e-name="vertical-listitem-link" data-vertical-listitem="Politics" for="item3">
                                    <a href="/politics" class="verticals-accordion-listitem-link" data-e2e-name="vertical-listitem-link" data-vertical-listitem="Politics">Politics</a>
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                                                                            <section class="verticals-accordion-subvertical-section">
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            News
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                                                                            <svg class="svg-icon chevron-icon verticals-accordion-chevron-icon" data-chevron-icon xmlns="http://www.w3.org/2000/svg" viewBox="0 0 14.4 8.4"><path class="chevron" fill="none" stroke="#848F91" stroke-linecap="square" d="M.7.7l6.5 7 6.5-7"/></svg>                                                                    </label>
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                        <li class="verticals-accordion-flex-grow verticals-accordion-listitem" data-vertical-label="strategy">
                                                            <label class="verticals-accordion-label " data-e2e-name="vertical-listitem-link" data-vertical-listitem="Strategy" for="item4">
                                    <a href="/warroom" class="verticals-accordion-listitem-link" data-e2e-name="vertical-listitem-link" data-vertical-listitem="Strategy">Strategy</a>
                                    <input data-label-transform class="verticals-accordion-input" id="item4" type="checkbox" />
                                                                            <section class="verticals-accordion-subvertical-section">
                                                                                                        <a href="/careers" class="verticals-accordion-subvertical-link">
            Careers
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                                                                                    </section>
                                    
                                                                            <svg class="svg-icon chevron-icon verticals-accordion-chevron-icon" data-chevron-icon xmlns="http://www.w3.org/2000/svg" viewBox="0 0 14.4 8.4"><path class="chevron" fill="none" stroke="#848F91" stroke-linecap="square" d="M.7.7l6.5 7 6.5-7"/></svg>                                                                    </label>
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                        <li class="verticals-accordion-flex-grow verticals-accordion-listitem" data-vertical-label="life">
                                                            <label class="verticals-accordion-label " data-e2e-name="vertical-listitem-link" data-vertical-listitem="Life" for="item5">
                                    <a href="/thelife" class="verticals-accordion-listitem-link" data-e2e-name="vertical-listitem-link" data-vertical-listitem="Life">Life</a>
                                    <input data-label-transform class="verticals-accordion-input" id="item5" type="checkbox" />
                                                                            <section class="verticals-accordion-subvertical-section">
                                                                                                        <a href="/thewire" class="verticals-accordion-subvertical-link">
            Entertainment
        </a>
    
                                                                                                        <a href="/travel" class="verticals-accordion-subvertical-link">
            Travel
        </a>
    
                                                                                                        <a href="/sportspage" class="verticals-accordion-subvertical-link">
            Sports
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                                                                                    </section>
                                    
                                                                            <svg class="svg-icon chevron-icon verticals-accordion-chevron-icon" data-chevron-icon xmlns="http://www.w3.org/2000/svg" viewBox="0 0 14.4 8.4"><path class="chevron" fill="none" stroke="#848F91" stroke-linecap="square" d="M.7.7l6.5 7 6.5-7"/></svg>                                                                    </label>
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                        <li class="verticals-accordion-flex-grow verticals-accordion-listitem" data-vertical-label="all">
                                                            <label class="verticals-accordion-label verticals-accordion-label-last" data-e2e-name="vertical-listitem-link" data-vertical-listitem="All" for="item6">
                                    <a href="/all" class="verticals-accordion-listitem-link" data-e2e-name="vertical-listitem-link" data-vertical-listitem="All">All</a>
                                    <input data-label-transform class="verticals-accordion-input" id="item6" type="checkbox" />
                                    
                                                                    </label>
                                                    </li>

                            
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    <section class="accounts-list accounts-list-exposed" data-accounts-list-exposed>
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        <h1 class="post-headline" >Insurance drones expected to play a major role in Hurricane Harvey&#039;s aftermath</h1>
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                                            <div><p><figure id="img-888163" class="figure image-figure-image image-figure-float-right float-md-right postload" data-type="img" data-e2e-name="image-figure-image" data-media-container="image" style=""><postload-img data-src="http://static.businessinsider.com/image/59131befd9f4069d2e8b4ca6-750.jpg" data-sizes="(min-width: 768px) and (max-width: 959px) 960px, (min-width: 960px) and (max-width: 1239px) 1136px, (min-width: 1240px) 1260px, (-webkit-min-device-pixel-ratio: 2) 50vw, 100vw" data-srcset="https://amp.businessinsider.com/images/59131befd9f4069d2e8b4ca6-160-120.png 160w, https://amp.businessinsider.com/images/59131befd9f4069d2e8b4ca6-320-240.png 320w, https://amp.businessinsider.com/images/59131befd9f4069d2e8b4ca6-480-360.png 480w, https://amp.businessinsider.com/images/59131befd9f4069d2e8b4ca6-640-480.png 640w" data-alt="Enterprise Drone Shipments" ></postload-img><span class="image-source-only"><span class="image-source" data-e2e-name="image-source">
                                            BI Intelligence
                                    </span></span></figure></p><p><em>This story was delivered to BI Intelligence <a href=http://www.businessinsider.com/intelligence/iot-insider?IR=T&amp;utm_source=businessinsider&amp;utm_medium=content_marketing&amp;utm_term=content_marketing_subscription_newsletter_text_link_insurance-drones-hurricane-harvey-aftermath-2017-8&amp;utm_utm_content=subscription_content_marketing_text_link_1&amp;utm_campaign=content_marketing_subscription_newsletter_link&amp;vertical=iot > IoT Briefing</a> subscribers. To learn more and subscribe, please <a href=http://www.businessinsider.com/intelligence/iot-insider?IR=T&amp;utm_source=businessinsider&amp;utm_medium=content_marketing&amp;utm_term=content_marketing_subscription_newsletter_text_link_insurance-drones-hurricane-harvey-aftermath-2017-8&amp;utm_content=subscription_content_marketing_text_link_2&amp;utm_campaign=content_marketing_subscription_newsletter_link&amp;vertical=iot > click here</a>.</em></p><p> Property insurance firms like State Farm and Allstate are preparing to use drones to inspect commercial and residential properties in Texas and Louisiana they insure that were damaged by Hurricane Harvey, according to <a href=http://e.businessinsider.com/click/10504017.3930/aHR0cDovL3d3dy5zbGF0ZS5jb20vYmxvZ3MvZnV0dXJlX3RlbnNlLzIwMTcvMDgvMjkvaW5zdXJhbmNlX2NvbXBhbmllc193aWxsX2ZseV9kcm9uZXNfYWZ0ZXJfaHVycmljYW5lX2hhcnZleS5odG1s/56378b5356cf60046a8b4ca0B17fb6d51 target=_blank> Slate</a>. The companies expect to start inspecting properties early next week, once the storm completely subsides. </p><p> The benefits of using drones to inspect damaged properties are magnified during natural disasters like Hurricane Harvey. To speed up inspection processes and reduce labor costs, some insurers have started using drones to assist human workers in inspecting damages on properties they insure. But this is especially helpful in cases of major hurricanes like Harvey, where many roads can't be used at all and insurers have to wait days to visit the site of the damage. But by using a drone to reach and inspect the properties, they could inspect the same number of properties in a shorter time frame despite the region's infrastructure being unusable. </p><p> And that's likely good news for the drone industry. </p><ul><li><strong>More insurers could jump on the drone bandwagon.</strong>Only <a href=http://e.businessinsider.com/click/10504017.3930/aHR0cHM6Ly93d3cuZGlnLWluLmNvbS9uZXdzL2luc2lkZS1kcm9uZS1kZXBsb3ltZW50LXN0cmF0ZWdpZXMtZnJvbS1hbGxzdGF0ZS11c2FhLWFuZC1lcmll/56378b5356cf60046a8b4ca0B5278f97a target=_blank> 20%</a> of global property insurers currently use drones to inspect damaged properties, but this could climb higher in the coming years. That's especially likely as more insurers see the benefits of using drones to inspect damaged properties in the wake of natural disasters, which could push drone adoption in the insurance industry to new heights. </li><li><strong>And if that occurs it'll give the entire drone industry &mdash; from manufacturers to analytics and software platforms &mdash; a boost.</strong>If more insurers come to use drones to inspect properties in the coming years, that's likely good news not just for <a href=http://www.businessinsider.com/top-drone-manufacturers-companies-invest-stocks-2017-07 > drone manufacturers</a>, but also for software and mapping platforms for drones like DroneDeploy. That's because, unlike some other industries where drones are used, insurers will need the most accurate maps, software, and camera capabilities to properly inspect homes and buildings that are damaged. Furthermore, that means that the insurance industry might be one of the leading drivers of adoption, as annual drone spending <a href=http://e.businessinsider.com/click/10504017.3930/aHR0cHM6Ly9pbnRlbGxpZ2VuY2UuYnVzaW5lc3NpbnNpZGVyLmNvbS90aGUtZHJvbmVzLXJlcG9ydC1tYXJrZXQtZm9yZWNhc3RzLWtleS1wbGF5ZXJzLWFuZC1yZWd1bGF0b3J5LWJhcnJpZXJzLXRvLXRoZS1wcm9saWZlcmF0aW9uLW9mLWRyb25lcy0yMDE2LTI/56378b5356cf60046a8b4ca0Be2ca9794 target=_blank> climbs</a> 50% to reach $12 billion in 2021. </li></ul><p> The global insurance industry is worth nearly $5 trillion, and insurance companies are at risk of losing a share of this valuable market to new entrants. That's because these legacy players have been even slower to modernize than their counterparts in other financial services industries. </p><p> This has created an opportunity for a group of firms known as insurtechs. These startups are leveraging new technology and a better understanding of consumer expectations to increase efficiencies in the insurance industry. Some are helping incumbents deliver better end products, while others are directly competing with legacy players. </p><p> Sarah Kocianski, senior research analyst for <a href=http://www.businessinsider.com/intelligence/bi-intelligence-fintech-and-payments-research-bundle?IR=T&amp;utm_source=businessinsider&amp;utm_medium=content_marketing&amp;utm_term=content_marketing_subscription_text_link_insurance-drones-hurricane-harvey-aftermath-2017-8&amp;utm_content=subscription_content_marketing_text_link_3&amp;utm_campaign=content_marketing_subscription_link&amp;vertical=fintech > BI Intelligence</a>, Business Insider's premium research service, has compiled <a href=http://www.businessinsider.com/intelligence/research-store?IR=T&amp;utm_source=businessinsider&amp;utm_medium=content_marketing&amp;utm_term=content_marketing_store_text_link_insurance-drones-hurricane-harvey-aftermath-2017-8&amp;utm_content=report_store_content_marketing_text_link_4&amp;utm_campaign=content_marketing_store_link&amp;vertical=fintech#!/The-Insurtech-Report/p/72044089 > a detailed report on insurtechs</a> that: </p><ul><li> Explains the structure and current state of the insurance market. </li><li> Highlights areas where insurtechs can help legacy players modernize. </li><li> Describes where insurtechs are competing with incumbents and how their models compare. </li><li>Provides case studies of insurtechs. </li><li>Outlines the legacy response. </li><li>And much more. </li></ul><p style="border: 3px; border-style: solid; border-color: #4286f4; padding: 1em;"> To get the full report, subscribe to an <strong><em>All-Access</em></strong> pass to BI Intelligence and gain immediate access to this report and more than 250 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. >><strong><a href=http://www.businessinsider.com/intelligence/bi-intelligence-fintech-and-payments-research-bundle?IR=T&amp;utm_source=businessinsider&amp;utm_medium=content_marketing&amp;utm_term=content_marketing_subscription_text_link_insurance-drones-hurricane-harvey-aftermath-2017-8&amp;utm_content=subscription_content_marketing_text_link_5&amp;utm_campaign=content_marketing_subscription_link&amp;vertical=fintech > Learn More Now</a></strong></p><p> You can also purchase and download the full report from our <a href=http://www.businessinsider.com/intelligence/research-store?IR=T&amp;utm_source=businessinsider&amp;utm_medium=content_marketing&amp;utm_term=content_marketing_store_text_link_insurance-drones-hurricane-harvey-aftermath-2017-8&amp;utm_content=report_store_content_marketing_text_link_6&amp;utm_campaign=content_marketing_store_link&amp;vertical=fintech#!/The-Insurtech-Report/p/72044089 > research store</a>. </p></div>
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                                                            <div><div><h2> Read more: </h2><ul><li><a href=http://www.businessinsider.com/top-internet-of-things-companies-to-watch-invest-2016-8 > Top IoT Companies to Watch & Invest In</a></li><li><a href=http://www.businessinsider.com/internet-of-things-conferences-2016-12 > Best IoT Conferences & Expos</a></li><li><a href=http://www.businessinsider.com/wearable-technology-iot-devices-2016-8 > IoT Wearable Devices & Technology</a></li><li><a href=http://www.businessinsider.com/internet-of-things-security-privacy-2016-8 > How the IoT Will Affect Security & Privacy</a></li><li><a href=http://read.bi/iotultimate > Ultimate IoT Research Bundle</a></li></ul></div></div>                                                        </section>
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                                                            <div><div><h2> Read more: </h2><ul><li><a href=http://www.businessinsider.com/top-internet-of-things-companies-to-watch-invest-2016-8 > Top IoT Companies to Watch & Invest In</a></li><li><a href=http://www.businessinsider.com/internet-of-things-conferences-2016-8 > Best IoT Conferences & Expos</a></li><li><a href=http://www.businessinsider.com/wearable-technology-iot-devices-2016-8 > IoT Wearable Devices & Technology</a></li><li><a href=http://www.businessinsider.com/internet-of-things-security-privacy-2016-8 > How the IoT Will Affect Security & Privacy</a></li><li><a href=http://read.bi/iotultimate > Ultimate IoT Research Bundle</a></li></ul></div></div>                                                        </section>
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                                                            <div><div><h2> Read more: </h2><ul><li><a href=http://www.businessinsider.com/top-internet-of-things-companies-to-watch-invest-2016-8 > Top IoT Companies to Watch & Invest In</a></li><li><a href=http://www.businessinsider.com/internet-of-things-conferences-2016-8 > Best IoT Conferences & Expos</a></li><li><a href=http://www.businessinsider.com/wearable-technology-iot-devices-2016-8 > IoT Wearable Devices & Technology</a></li><li><a href=http://www.businessinsider.com/internet-of-things-security-privacy-2016-8 > How the IoT Will Affect Security & Privacy</a></li><li><a href=http://read.bi/iotultimate > Ultimate IoT Research Bundle</a></li></ul></div></div>                                                        </section>
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