Xceedance’s MIS invests in DigsFact to advance AI-powered property inspections

Millennium Information Services (MIS), a provider of property inspection solutions for the insurance industry, has made a strategic investment in DigsFact, an artificial intelligence (AI) company specialising in real-time virtual inspections and automation, aiming to advance property inspections.

MIS was acquired by global technology and digital solutions provider Xceedance late last year.

Through this investment, MIS plans to expand its digital capabilities and enhance its next-generation inspection offerings.

By combining the Millennium Automated Property System (MAPS), its underwriting inspection platform, with InstaBud, DigsFact’s AI-powered virtual inspection solution, the two companies aim to deliver faster, more scalable, tech-enabled solutions for insurers, field inspectors, and policyholders.

The partnership will focus on improving both field and self-service underwriting inspections using InstaBud, with an emphasis on accelerating turnaround times and enhancing data quality across insurer portfolios.

Travis MacMillian, President – Americas at Xceedance, said, “For more than three decades, MIS has been at the forefront of inspection innovation, supporting US P&C carriers, MGAs, and wholesalers.

“This partnership with DigsFact is a natural next step in our digital evolution. We’re excited to integrate AI-powered tools into our inspection ecosystem to simplify inspections, transforming how information is gathered by field inspectors and policyholders using our self-inspection solutions. This innovation will help insurers evaluate risk more effectively and serve their policyholders with greater precision.”

InstaBud enables virtual property inspections through AI-driven video and image analysis, extracting details such as measurements, layouts, and damage indicators. More than 90% of policyholders can capture damage in under two minutes, with adoption rates exceeding 85%. Real-time outputs are delivered in standard formats like ESX and FML, allowing seamless integration with insurers’ claims and underwriting platforms.

MacMillian added, “We have been working closely with the DigsFact team to adapt their InstaBud technology, which was originally built for claims, into a powerful tool for residential, commercial, and farmstead underwriting inspections.

“Early results from integrating InstaBud with our MAPS solution show significant potential to transform the inspection process—improving cycle times, reducing costs, and enhancing the overall policyholder experience.”

Nishant Tomar, CEO of DigsFact, said, “We’re thrilled to be a strategic partner with a forward-thinking organization like Millennium Information Services.

“Our shared vision of reimagining the insurance ecosystem through intelligent automation is now one step closer to reality. Together, we will empower insurers with actionable insights—delivered faster, more accurately, and at scale.”

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