ICEYE partners McKenzie to support Lloyd’s

Satellite imagining and flood hazard data specialist ICEYE has signed an agreement with McKenzie Intelligence Services to support its delivery of property loss numbers to the Lloyd’s market via its MIS Global Events Observer platform.

ICEYE will provide MIS with active flood hazard data before, during and after large-scale flood events. This information will include data relating to flood depth at the individual building level across the affected areas.

Lisa Wardlaw, global head of insurance solutions at ICEYE, said: “We are delighted to be announcing our agreement with McKenzie Intelligence Services. This partnership brings together two Lloyd’s Lab graduates, combining best-in-class observation analysis from ICEYE with the innovative ‘decisions-as-a-service’ platform GEO from MIS.

“By supplying ICEYE’s proprietary flood hazard data, we can enhance the services that MIS is delivering under its two-year partnership with Lloyd’s and deliver world-class satellite imagery and data to the market.”

Forbes McKenzie, CEO of MIS, added: “Through our participation in the Future at Lloyd’s programme over the past two years, we have gained unprecedented insights into how our technology can add additional value to the whole insurance value chain. This new partnership will add further value cases for Lloyd’s syndicates and deepen our understanding of flood risks.”

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