Highlights

• In the past twelve months, doubled revenue whilst proportionally maintaining financial spending.

• Improved business relationships with a multitude of brokers through automated payments and standardised information flow.

• Scalable premium operation for diverse distribution channels, payment methods and product lines.

Simon Ritterband, Moonrock’s Founder and Managing Director, comments on the integration: “once the Diesta system came online, it automatically made sense.”

About Moonrock

Simon Ritterband launched Moonrock in 2016, and it was the UK’s first dedicated online platform-based insurance scheme and has since become one of the largest drone insurers in the UK. The growing business underwrites drones on behalf of multiple insurers, covering everything from privately flown to commercially used, and now even beyond visual line of sight (BVLOS) drones. Strong insurer partnerships enable the company to provide tailored coverage for virtually any need and situation. With strong broker partnerships on the distribution side, the company unlocks rapid growth and is able to provide cover drone operators worldwide.

Moonrock is currently operating in Australia, Europe, the UK and further markets are added every month. As a young company, Moonrock prioritises growth but is making sure that efficiency and data clarity are not sacrificed as a result.

Unique Value Proposition

Moonrock is one of the first specialised drone MGAs in the UK and Europe. The company brings drone expertise and insurance processes tailored to this fast-developing industry. Technological changes happen rapidly, propelling the industry to new heights month after month. In this landscape, customers and insurers alike rely on Moonrock’s expertise to navigate this specialised, evolving field with a professional, customer-oriented mindset. Simon Ritterband, Moonrock’s Managing Director and Founder, has earned a reputation as an industry leader in drone insurance and currently sits on the UK government’s advisory committee for drones, consulting with the CAA and the Department for Transport. Moonrock is set to become one of the most important global players in this future substantial market.

Integration Success

• Effortless integration with Moonrock’s policy admin system, multi-currency bank accounts and payment service providers

• Automation of reporting such as broker statements, written and paid bordereaux and board information

• 90% automated reconciliation ratio and one-click payment schedules for various product lines