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Admin9/30/20 12:00 AM3 min read

MIS Selected for UK Virtual Trade Mission to USA

UK Department for International Trade selects MIS for prestigious cohort of 10 insurtechs to take part in 2020 Virtual InsurTech Mission to San Francisco and InsureTech Connect

London, Thursday 1st October 2020:

Geospatial imagery and re/insurance intelligence scale up McKenzie Intelligence Services (MIS) is delighted to announce it has been selected for the UK Department for International Trade (DIT) 2020 Virtual Insurtech Trade Mission in San Francisco.

The DIT shortlisted the 10 best UK insurtechs for the mission, which is an opportunity to showcase their expertise to the US market, engage with US regulators, connect with venture capital prospectors and further relationships with wider industry players in the US market.

The 10 insurtechs showcase the pinnacle of the UK’s innovation and expertise in the field, pioneering ground-breaking technology with the aim of establishing and expanding business relationships between the UK and the US.

The delegation will also attend the world’s largest insurtech conference, the InsureTech Connect ITC Global virtual conference from 19th October to 21st October, as part of the UK DIT delegation.

Acting Consul General to San Francisco and Head of US Tech Policy Mary-Eve McNerney said:

“The importance of investing in technology designed to modernise the insurance industry is increasingly vital, and the coronavirus epidemic has underlined that for us all.

The UK is a global leader in the insurtech space. We are delighted to have McKenzie Intelligence Services participating in this year’s virtual trade mission which will connect them with other leading start-ups who are putting this innovation at the forefront.”

Forbes McKenzie, Chief Executive and Founder of MIS, said:

“We are really looking forward to taking part in the prestigious DIT Virtual Insurtech Trade Mission, taking place against the backdrop of the unprecedented global pandemic challenge, and one of the busiest hurricane seasons we have seen in recent years.

Since 2016, MIS has exclusively been the geospatial imagery and intelligence provider for Lloyd’s, its managing agents, TPAs and partners, providing access to invaluable exposure management and claims data following global events via the award-winning MIS-Intel Portal.

We have also partnered with the European Space Agency to develop and deliver a Global Event Observer for the insurance industry.

We are delighted to have this opportunity to showcase our expertise to the US market, where we already enjoy strong relationships. In particular, the opportunity to pitch to US investors is very exciting – MIS has demonstrated time and again the unparalleled real-time data and insights we can bring to risk and exposure management decision making, and we certainly look forward to showcasing this further during the trade mission.”

Notes to Editors – About MIS

McKenzie Intelligence Services (MIS) is an imagery and geospatial intelligence scale up, delivering transformative near real time intelligence for clients all over the world.

MIS intelligence is available to the global re/insurance industry across a number of areas and specialisms, including claims and loss adjusting; exposure management, risk engineering and underwriting.

MIS gives its users actionable situational awareness via the medium of cloud penetrating satellite images, ultra high resolution aerial and drone imagery and ground sensed internet of things devices. This intelligence empowers users to make accurate reserving and coverage decisions faster and more cost effectively, and enables delivery of a proactive service to policyholders plus early insight into exposure at portfolio and individual policy level.

MIS intelligence is fused from multiple sources:
Aerial, drone and satellite imagery
IoT data
Radar and multi spectral imagery
Open source data scraping
Military trained analysts
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