McKenzie Intelligence Services (MIS) and London Market Operations & Strategic Sourcing (LIMOSS) have signed a new contract that will give Lloyd’s Managing Agents and associated company market business greater flexibility to access additional services when adopting MIS’ geospatial intelligence platform in 2025.
Since 2020, MIS, a geospatial intelligence provider for the global insurance industry, has facilitated the Lloyd’s market with multi-sourced data and imagery derived from satellites, drones, aircraft, and more recently, terrestrial vehicles.
This data is readily accessible through the Global Events Observer (GEO) platform, for man-made perils and a comprehensive array of natural catastrophe perils, such as hurricanes, flooding, wildfires, hail, and others.
Under the new contract, Managing Agents will gain access to the most up-to-date intelligence on where their in-force properties, policies and portfolios have been impacted by major events.
Additionally, they will have access to MIS’ AI damage classifier, a tool which combined with MIS’ human intelligence-led approach, enables Managing Agents to focus their event responses and streamline claims processes.
Forbes McKenzie, CEO and Founder of MIS, said: “We are delighted to announce our continued collaboration with LIMOSS. We look forward to serving the Lloyd’s market on both a centralised and, when the unique Lloyd’s of London requirements arise, a more bespoke basis, offering greater flexibility than ever to Lloyd’s Managing Agents regarding how they choose to access our services.
“We are also particularly pleased to be offering property-level and policy-based insights through GEO’s Exposure and Claims Layers faster than ever on a global, multi-peril basis. This includes identifying the extent of damage to impacted properties with our AI-assisted, human intelligence-driven approach.”
Janine Powell, Claims Director of the Lloyd’s Market Association, commented: “For years MIS has worked closely with the Lloyd’s market to better understand and respond to catastrophe claims.
“Whether providing historical insights, post-event intelligence or bespoke services, MIS has over the last four years demonstrated its commitment to our industry. With ongoing support from Lloyd’s and London carriers, it will be fascinating to see how GEO develops further.”
Since its launch, MIS’ GEO platform has responded to 200 major events across six continents and nine perils, which also include non modelled perils.
In the last year, the platform has evolved significantly driven by the MArket’s needs. It has added new features, including policy Insights (inclusive of policy conditions), enhanced aerial imagery, wider event coverage, street-level imagery, AI damage detection models, multi-peril analysis (e.g. wind vs flood), additional perils and building level assessments as standard in qualifying events.
