Lloyd's to introduce satellite imagery
Friday, 07 07 2017, Category: Technology, Country: United Kingdom
The Lloyd’s Market Association (LMA) said on July 6 that it has received backing and funding support for a satellite imagery and intelligence service for all Lloyd’s managing agents.
The new service aims to enable improvements to claims processes and exposure management both pre and post a natural catastrophe across multiple classes of business. It will help Lloyd’s carriers to assess the extent of the damage/loss at an early stage by providing ‘ground truth’ intelligence such as satellite imagery and any available all-source data, according to the statement.
Source: Intelligent Insurer