The integration is poised to enhance underwriting precision, claims processing, fraud detection and disaster response. Credit: pauloalberto82/Shutterstock.

London Market Operations and Strategic Sourcing (LIMOSS) has teamed up with Vexcel Imaging, a provider of aerial camera and hybrid mapping systems. 

This collaboration delivers Vexcel’s aerial imagery, geospatial data and property attributes services to the Lloyd’s Market as an elective service, effective from 1 January 2025. 

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LIMOSS is a not-for-profit entity owned by the London Market Association, International Underwriting Association and Lloyd’s. 

It sources and operates common market services for London’s insurance sector.  

The Lloyd’s Market is a global insurance hub comprising more than 50 insurance companies, over 380 registered brokers and more than 4,000 local cover-holders. 

The integration is poised to enhance underwriting precision, claims processing, fraud detection and disaster response for both residential and commercial properties.  

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Lloyd’s Managing Agents will gain access to a imagery and property intelligence programme, leveraging Vexcel’s UltraCam sensors and a fleet of aircraft to capture “high-resolution” aerial imagery and geospatial data. 

Vexcel Insurance SVP Glen Brooks said: “While we have a small segment of the Lloyd’s Market using our platform today, we are excited to showcase our extensive aerial imagery and data library to a broader segment of the market, offering insurers quick access to valuable, ready-to-use imagery and insights to enhance decision-making across their policies.” 

Vexcel’s global reach extends across more than 40 countries including Australia, Canada, Japan, the UK, the US, Western Europe and other regions.  

The company is also known for its Gray Sky initiative, which provides imagery of properties affected by natural disasters like wildfires, hurricanes and tornadoes in certain areas. 

Utilising AI and machine learning, Vexcel processes its imagery library to extract and update property insights.  

These insights encompass building and property attributes such as roof materials and conditions, building footprints and other critical details that enable insurers to gain a deeper understanding of properties.