Mckenzie Intelligence Services

InsTech overview:

McKenzie Intelligence Services (MIS) helps accelerate disaster relief and economic recovery. The company provides estimates of losses from insured events to assist insurers with the aggregation of exposure data and post claims loss analysis. The company processes satellite imagery and other data sources such as drones and on the ground “human intelligence” with machine-learning algorithms. This intelligence is provided to clients through its platform, Global Events Observer (GEO). MIS has partnered with Lloyd’s of London to provide access to its platform across the market.

GEO blends machine learning and expert analysis to deliver detailed digital representation of global perils. Analyses can be performed at speed. It provides answers to what was damaged, when and by what. This enables fact-based decisions in the immediate aftermath of a catastrophe at portfolio, policy and location level. GEO covers both natural hazards such as wind, fire, flood and earthquake as well as wider catastrophes such as the conflict in Ukraine or riots in South Africa. MIS states that insurers can expect to reduce internal claims cost allocation by up to 40%.

For more information, go to mckenzieintelligence.co.uk.

Related Content: