Market Geospatial Services (MGS) combine aerial and satellite imagery with exposure data and analysis. Such services can inform payment of claims where a total loss has been concluded from available imagery and are often used to augment exposure management assessments following a major event. Increasingly, these services are also used to help other insurance functions, including underwriting and operations.
LIMOSS MGS Panel
The LIMOSS MGS panel is an elective (optional) service available to members of the Underwriting community in the London insurance market. The panel offers multiple geospatial services from different vendors under one, over-arching contractual framework. A Carrier/MA can choose to use some, all, or none of the services on the panel – paying only for the services they select. This model was setup at the request of the LMA Claims Committee to provide options and choice, providing a greater breadth of insights for the London Market.
The panel’s key terms are:
Panel Members
The current panel members are:
Existing GEO and GIC users
Current GEO and GIC users have the option of continuing under a direct contract with the relevant vendor or joining the LIMOSS MGS Panel. New users also have the option to contract directly or via LIMOSS. Advantages of using the LIMOSS panel include Market-wide contractual negotiation; centralised and proportionate market governance; centrally collected payments (MAs only); LIMOSS Service Desk escalation pathway.
New Panel Members
Carriers/MAs who would like to see additional geospatial services added to the LIMOSS panel should contact the LMA Claims team OR servicedesk@limoss.london.
Register Now
To register for any Panel service, complete the registration actions on the relevant page for GEO and GIC.