ZeroEyes, the creators of the only AI-based gun detection video analytics platform that holds the US Department of Homeland Security SAFETY Act Designation, announced that it has been selected for the award-winning and globally renowned Lloyd’s Lab Accelerator programme.
The company was accepted following an in-depth selection process evaluating 270 applicants from over 33 countries.
Lloyd’s Lab programme
During the ten-week, Lloyd’s Lab programme, ZeroEyes will work with Lloyd’s and its expansive insurance network to help develop parametric insurance policies for gun-related violence, to be offered for the first time to schools and commercial entities.
Despite the rising epidemic of mass shootings in the US, there are no widely available parametric insurance policies for gun-related violence. However, these incidents often result in significant financial implications, including facility closures, building repairs, legal fees, loss of personnel, and retention costs.
Gun detection policies
“ZeroEyes is dedicated to helping its customers proactively prepare for gun-related threats,” said Mike Lahiff, CEO and Co-Founder of ZeroEyes.
He adds, “Lloyd’s Lab’s Accelerator programme offers us the opportunity to innovate insurance policies, just as we have transformed gun detection. We are honoured to be selected for the programme and look forward to future partnership opportunities with leading insurance players.”
AI gun detection
ZeroEyes' AI gun detection and intelligent situational awareness software layers onto existing digital security cameras. If a gun is identified, images are instantly shared with the ZeroEyes Operations Center (ZOC), staffed 24/7/365 by specially trained U.S. military and law enforcement veterans.
Suppose these experts determine that the threat is valid. In that case, they dispatch alerts and actionable intelligence including visual description, gun type, and last known location to local law enforcement as quickly as 3 to 5 seconds from detection.
