Crisalion Mobility, a Spanish leader in the design and development of advanced electric mobility solutions that are efficient, safe and sustainable, has signed a memorandum of understanding (MOU) with global advanced air mobility (AAM) insurance specialist Skyrisks at theDubai Air Show, establishing a pioneering strategic partnership in the eVTOL insurance market.

The official signing ceremony took place at Crisalion Mobility’s stand in the Advanced Air Mobility Pavilion at the Dubai Air Show, and was attended by senior executives from the two companies, including Crisalion Mobility COO Óscar Lara Rapp and Skyrisks CEO Alistair Blundy.

This strategic partnership sees Crisalion Mobility, a leader in eVTOL design and development, join forces with one of the key players in the field of AAM insurance solutions.

The companies’ goals under the new agreement are to:

• Investigate appropriate frameworks and ways of working between eVTOL OEMs and insurance companies to ensure effective and efficient insurance policies can be in place for eVTOL OEMs and operators.
• Work together to assess key parameters for eVTOL insurability.
• Propose methodologies to measure these parameters.
• Evaluate the drivers of insurance costs and how design decisions may affect them.
• Investigate appropriate insurance methodologies for eVTOL needs during design, testing, prototyping, certification, and operation phases.

The partnership will allow Crisalion Mobility and Skyrisks to share specialist insights, identifying and mitigating the risks associated with eVTOLs.

The two partners will also exchange key technical data to allow for accurate risk assessment and to create policies that respond effectively to the needs of all parties involved.

The two companies are fully committed to bridging the gap in the eVTOL industry, where a strong mutual understanding between manufacturers and insurers is absolutely crucial.

This pioneering partnership will aspire not only to set a benchmark for industry standards, but also to help promote a more proactive approach to eVTOL insurability.

“From the very inception of our Integrity eVTOL’s design, our commitment to efficient insurance coverage has been paramount. This collaboration with Skyrisks marks a pivotal agreement, where our dedication to minimizing operating costs while preserving quality for our customers aligns seamlessly with their disruptive insurance expertise,” said Óscar Lara Rapp, COO of Crisalion Mobility.

“As an eVTOL OEM (original equipment manufacturer), we bring to the table our extensive knowledge in design and manufacturing, while Skyrisks brings specialized insurance insights. Together, we are shaping the present of innovative mobility.”

“Electric aviation promises to have a lasting positive impact on the world by offering safe, efficient, and affordable travel. Issues of insurance and risk are at the heart of commercial success, which is why Crisalion and Skyrisks are partnering in the development of AAM insurance,” said Alistair Blundy, CEO of Skyrisks.

“We are drawing on each other’s varied expertise as we analyse emerging risks and create insurance that helps propel the industry to global success”.