Skyrisks

Advanced Technology Assurance Limited (ATA), formerly known as Skyrisks Limited, operates as a specialized managing general agent (MGA) focused on the high-tech sector. The London-based company was incorporated in January 2023 and commenced its insurance operations in October 2023 with a cornerstone financial investment and underwriting capacity from Convex Group Limited, a specialty insurer and reinsurer. The firm was co-founded by Alistair Blundy, who serves as CEO, and a team of insurance and data science veterans, with Michael Coles as Chairman. Blundy, a former specialist aviation underwriter, brings experience in creating data-driven pricing models, a methodology central to the company's strategy.

ATA's business model is centered on providing bespoke insurance products for emerging and complex technological risks, moving beyond its initial focus on Advanced Air Mobility (AAM) to cover a broader spectrum of industries. The firm functions as an underwriting powerhouse, developing new risk models, policy language, and tailored coverages for its clients. It distributes its products globally through a network of insurance brokers, utilizing a modern technology platform to enhance service efficiency. Revenue is generated through the underwriting of these specialized insurance policies.

The company's services are aimed at businesses operating within the aerospace, defense, energy, industrial, transportation, and technology sectors. Initially establishing itself in the AAM market, ATA provides coverage for operators of electric vertical take-off and landing (eVTOL) aircraft, unmanned aircraft systems (UAS), and manufacturers of AAM components. Following its rebranding, the company expanded its scope, establishing 'centres of excellence' to develop insurance solutions for autonomous systems, battery technologies, electric infrastructure, and hydrogen and alternative fuels. These products are designed to provide confidence to regulators, shareholders, and users, thereby enabling the adoption and growth of these advanced technologies.

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