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Global Events Observer (GEO)

Market Services>Market Geospatial Services (MGS)>Global Events Observer (GEO)

Global Events Observer (GEO)

GEO Elective

Overview

McKenzie Intelligence Services (MIS) enable a rapid, data-driven response to all global natural and man-made catastrophes by informing insurers with actionable, decision-ready insights around their impacted business. In the first 72 hours of an event, trusted intelligence is provided to enable fast exposure assessments, followed by claims-level insights and building-level damage assessments supplemented by high resolution aerial and satellite imagery – delivered via MIS's dedicated disaster response platform, the Global Events Observer (GEO).

Since launching GEO in 2021 as Lloyd's of London's central catastrophe relief platform, MIS have responded to over 250 global events, informing leading insurers with real-time, verified intelligence around the impact of catastrophes. This is achieved by combining a wide-range of trusted data sources with detailed assessments from military-trained intelligence analysts and insurance experts within the MIS team, directly mapping the observed impact of an event to in-force portfolios.

MIS/GEO provides:

  • A timely, accurate and detailed digital representation of the impact of global perils from an intuitive web-based platform that can securely host portfolio data
  • Exposure, Claims and Building Level analysis to support fast and reliable decision-making at all levels of the catastrophe response cycle, with deliveries starting within the first 24 hours of an event
  • Policy and Location Insights that create an early, accurate financial understanding of an event’s impact
  • Proactive outreach pre-FNOL to support faster post-notification interim/full payments
  • Wide range of peril coverage including hurricanes, tornadoes, earthquakes, wildfires, hail, flooding, conflict, explosions and civil unrest
  • Multi-peril breakdown of the impact of an event i.e. determining wind and flood–driven damage following hurricanes
  • In-depth post-event damage assessments performed by military/NATO-trained intelligence analysts
  • Support from a team of insurance experts drawn from the market to ensure the MIS damage assessments are applied accurately to portfolio data, including the application of policy terms
  • High resolution post-event satellite, aerial and ground-level imagery covering affected areas
  • Downloadable layers to extract key data from event reports including shapefiles
  • Accessible archive of over 250 global catastrophic event reports
  • Round the clock monitoring of events happening across the world
  • Dedicated webinar briefings for major or ongoing events to help improve situational clarity

If you would like to discuss the GEO service or require a demonstration, please contact [email protected] who will introduce you to the MIS team.

Carriers/MAs should note that the key terms of elective MGS services offered through LIMOSS may vary significantly from LIMOSS core market services and some other panel services. Further details on request.