Vexcel and LIMOSS Team Up for Better Insurance Solutions
Vexcel Imaging, a leader in aerial imagery and geospatial data, has announced an exciting new partnership with London Market Operations and Strategic Sourcing Limited (LIMOSS). This collaboration will introduce Vexcel’s extensive aerial imagery and property attributes services to the Lloyd's Market, a significant marketplace for insurance and reinsurance. From the start of 2025, the valuable insights provided by Vexcel will be available as an elective service via LIMOSS.
Transforming Access to Aerial Imagery
The Lloyd's Market includes a network of over 50 prominent insurance organizations and more than 380 registered Lloyd's brokers, supported by a vast network of local coverholders. With the resources from Vexcel at their disposal, insurers will experience improved underwriting precision, efficient claims processing, and enhanced capabilities to detect fraudulent activity, which is crucial in today’s fast-paced insurance environment.
Global Reach of Imagery and Property Insights
This strategic partnership will empower Lloyd's Managing Agents with unique access to an advanced imagery and property intelligence program. Deploying its sophisticated UltraCam sensors and specialized fleet of aircraft, Vexcel delivers high-resolution aerial imagery and critical geospatial data across more than 40 countries. These countries include major global markets, enhancing operational efficiency for insurance providers worldwide.
Post-Catastrophic Imagery Services
In addition to its routine imagery collections, Vexcel offers specialized post-catastrophic (Gray Sky) imagery. This service provides high-resolution data of properties affected by natural disasters such as wildfires, hurricanes, and tornadoes in select areas. Employing AI and machine learning technologies, Vexcel extracts critical attributes from its imagery to generate updated property insights, assisting insurers in risk assessment and disaster response.
Rapid Decision-Making Through Enhanced Insights
“Even though we currently serve a limited part of the Lloyd's Market with our platform, we are keen to introduce our comprehensive aerial imagery and data library to a wider audience,” said Glen Brooks, Senior Vice President of Insurance at Vexcel. “Our goal is to provide insurers with swift access to ready-to-use imagery and actionable insights, which are essential for informed decision-making regarding policies.”
Learn More About the Partnership
Interested insurance brokers and Lloyd's Market participants can explore additional details about this collaboration and request a demo to see the benefits firsthand. Vexcel's dedicated team is available for demonstrations to illustrate how their services can significantly improve operational efficiency.
About LIMOSS and Vexcel
LIMOSS operates as a non-profit entity designed to source and manage essential services for the London Insurance Market, aiming to offer high-quality services that deliver value. Vexcel Imaging, with over three decades in the photogrammetric and remote sensing domain, asserts itself as the frontrunner in providing a comprehensive library of cloud-based geospatial data.
Vexcel's Data Program holds the title of the largest aerial imagery initiative globally, consistently capturing and delivering high-resolution images across key regions including the U.S., UK, Canada, Australia, New Zealand, Japan, and numerous others, supporting various sectors including government and insurance, thereby enhancing workflows and decision-making processes.
Frequently Asked Questions
What services does Vexcel offer through LIMOSS?
Vexcel provides aerial imagery, geospatial data, and property attributes services specifically designed for the Lloyd's Market.
How will this partnership benefit insurers?
Insurers will gain quick access to comprehensive aerial imagery and improved analytics for better pricing, underwriting, and claims processes.
In how many countries does Vexcel operate?
Vexcel operates in over 40 countries, delivering high-resolution aerial imagery and data.
What is post-catastrophic imagery?
This refers to Vexcel's ability to provide high-resolution imagery of properties damaged by natural disasters, aiding in damage assessment and restoration planning.
How can I learn more or request a demo?
Interested parties can connect with Vexcel for more information and to arrange a demonstration of their services.
