McKenzie Intelligence Services (MIS) and London Market Operations & Strategic Sourcing (LIMOSS) have signed a new contract which will give Lloyd’s managing agents and associated companies’ market operations greater flexibility to access additional services when adoption of the MIS geospatial intelligence platform in 2025.

Since 2020, MIS, a geospatial intelligence provider to the global insurance industry, has facilitated the Lloyd’s market with multi-source data and imagery derived from satellites, drones, aircraft and, more recently, land vehicles.

This data is easily accessible through the Global Events Observer (GEO) platform, for man-made perils and a full range of natural disasters, such as hurricanes, floods, wildfires, hail and others.

Under the new contract, managing agents will have access to the most recent information on areas where their properties, policies and existing portfolios have been impacted by major events.

Additionally, they will have access to MIS’s AI Damage Classifier, a tool that, combined with MIS’ human intelligence-based approach, allows handlers to target their responses to events 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 centralized basis and, where the unique requirements of Lloyd’s of London arise, on a more personalized basis, providing greater flexibility than ever for Lloyd’s managing agents in how they choose to access our services.

“We are also particularly excited to offer property-level and policy-based insights through GEO’s exposure and claims layers, faster than ever, on a global, multi-risk basis.” This includes identifying the extent of damage to affected properties through our AI-assisted, human intelligence-based approach.

Janine Powell, Claims Director at Lloyd’s Market Association, commented: “For years, MIS has worked closely with the Lloyd’s Market to better understand and respond to catastrophe losses.

“Whether providing historical information, post-event intelligence or tailored services, MIS has demonstrated over the past four years its commitment to our industry. With continued support from carriers Lloyd’s and London, it will be fascinating to see how GEO develops further.

Since its launch, the MIS GEO platform has responded to 200 major events across six continents and nine perils, which also include unmodeled perils.

Over the past year, the platform has evolved significantly based on market needs. It added new features including policy information (including policy conditions), enhanced aerial imagery, broader event coverage, street level imagery, damage detection models by AI, multi-peril analysis (e.g. wind or flood), additional and building-level perils. assessments as standard in qualifying events.