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Global Events Observer (GEO)

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Global Events Observer (GEO)

GEO Elective

As part of the move to an elective service in January 2025, all Managing Agents who wish to use GEO will need to sign a new MUA, which will include the pricing, term, and key contractual terms summary.

Once a Managing Agent has decided to sign up to the elective GEO service, subject to your internal contract execution processes, LIMOSS will confirm your suitable contacts for i) billing, ii) service purposes. You will also need to confirm to LIMOSS who your authorised signatory will be so we can issue the MUA via DocuSign.

  • If you would like to discuss the GEO service or require a demonstration, please contact servicedesk@limoss.london 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.

Overview

McKenzie Intelligence Services (MIS) enable a rapid, data-driven response to natural and man-made catastrophes worldwide by informing insurers with actionable insights around their relevant exposure. In the immediate aftermath of an event, intelligence is provided to enable exposure assessments, followed by refinements which support claims management and finally, high fidelity outputs to support claims adjustments – delivered via their 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 200 global events, informing leading insurers with real-time intelligence around the impact of catastrophes. This is achieved by using a wide-range of trusted data sources, machine learning, and expert assessments from military-trained intelligence analysts within the MIS team.

As of 01 Jan 25, GEO is available to the London insurance market as an elective service within the LIMOSS Market Geospatial Services (MGS) Panel.

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
  • 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 200 global catastrophic event reports
  • Round the clock monitoring of events happening across the world