Home Security Innovation: AI-Powered Drones Anticipated for Widespread Use in the Next Five Years
In the ever-evolving landscape of technology, AI-powered drones are making a significant stride towards enhancing home and vehicle security. While the concept is still in its nascent stages, it holds immense potential for the insurance industry.
One such AI-driven drone system is Eagle-AI, a 360-degree mini-cam that can be installed on rooftops, eaves, or garage roofs. Equipped with microphones for logging voices, tone, and language, Eagle-AI is designed to recognize potential threats. It boasts night vision, auto-zooms on faces, hands, and feet, and even estimates the weight and height of potential offenders.
The dream of this innovative system was conceived in collaboration with an insurer, aiming to develop a home-based drone security system. However, the challenging part lies in building the necessary technology and software. The software must be 100% secure to prevent hacking, a crucial aspect given the sensitive personal data involved.
Insurers are increasingly integrating AI-driven technologies, including drones, to enhance risk detection, claims processing, and fraud prevention. However, specific deployments of AI drones focused exclusively on home and vehicle security remain limited and in early stages.
While drone delivery is becoming a daily sight for many, with companies like Amazon, Google, Uber Eats, Deliveroo exploring this frontier, the use of drones for insurance purposes is still a developing concept. The potential for drones to speed up claims after a catastrophic event is being considered, offering insurance brands an opportunity to offer a private security response, along with evidence captured by Eagle-AI, which can aid in prosecution and deter future robbery attempts.
Partnerships between technology companies and insurtech startups, like Lorenz Technology and Flock, are being formed to create flexible insurance policies for drone fleets. On-demand drone insurance products, such as those offered by SkyWatch.AI, are also being launched.
The future of insurance may lie with brands that can protect people, their families, and their most valuable assets. In 10 years, a rapid response by Police or private security may become the insurance for people, rather than payouts after an event. The contract for Eagle-AI is for 5 years, with the possibility of upgrading to newer models in the future.
Autonomous drone platforms for enterprise and public sector use are also being developed, such as the Skydio X2. Homeowners or car owners pay a one-time installation cost of £200-£300 and a monthly subscription of £25-£75.
As the technology matures and regulatory and security concerns are addressed, the market for AI-powered drone security systems is expected to evolve rapidly. The industry anticipates faster growth and smarter, more autonomous systems, potentially accelerating deployment in home and vehicle security over the coming years.
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- The partnership between technology companies and insurtech startups, like Lorenz Technology and Flock, is not only focusing on creating flexible insurance policies for drone fleets but also envisioning a future where private security responses, aided by evidence captured by AI-driven drones like Eagle-AI, could become part of insurance services.
- In the ever-growing realm of events that might threaten home-and-garden safety, the use of AI-driven technology, such as drones, is being considered to speed up claims processes after catastrophic events, offering an opportunity for insurance brands to provide a proactive security solution.
- As the regulation and security aspects of AI-powered drone technology continue to mature, the market for these systems is anticipated to grow rapidly in the insurance sector, with smarter, more autonomous systems becoming increasingly deployed for home and vehicle security over the upcoming years.
