mea Platform partners with Markel on GenAI solution
London, 23 July 2024 – mea, the AI powered processing platform for insurers, and Markel today announced the initiation of a new strategic partnership, where the global specialty insurer will use mea platform’s GenAI solution to improve underwriting processes across its International Wholesale operations.
mea is a generative artificial intelligence (GenAI)-powered global platform that simplifies insurance processes by automating essential activities. Its GenAI solution uses advanced natural language processing and machine learning techniques to quickly extract unstructured data from submission-related documents and turn it into structured data that can be analysed and interpreted. This significantly reduces the need for manual processes and workarounds, decreasing the amount of time and resources traditionally required to manage in-bound submission flow.
Speaking about the new partnership, Martin Henley, CEO at mea platform, stated: “We are very excited to embark on this new partnership with Markel and are looking forward to what we can achieve together. This agreement is a testament to our mutual commitment to providing transformative solutions and exceeding our clients’ expectations.”
Carys Lawton-Bryce, International Chief Operations Officer at Markel, added: “Technology transformation is at the forefront of our strategic ambitions at Markel. Our ability to leverage the type of AI technology that mea platform brings, will enable us to provide better, more efficient and speedier service for our clients and brokers.”
About mea platform:
mea is a GenAI-powered global platform that simplifies insurance processes. Its intelligent platform automates essential activities, enabling insurers, brokers, and MGAs to focus on their competitive edge. Designed by insurance professionals, mea boosts productivity and protects combined ratios and margins by providing the right data in the right format at the right time. By making insurance processes more intuitive, mea reduces operating costs and increases revenue. Founded by a team of insurance veterans and tech experts, mea addresses industry challenges, allowing insurers, brokers, and MGAs to concentrate on business growth.
For more information about mea platform, please visit meaplatform.com.
About Markel
We are Markel, a leading global specialty insurer with a truly people-first approach. As the insurance operations within the Markel Group Inc. (NYSE: MKL), we operate the Markel Specialty, Markel International, and Markel Global Reinsurance divisions, as well as State National, our portfolio protection and program services operations, and Nephila, our insurance-linked securities operations. Our broad array of capabilities and expertise allow us to create intelligent solutions for the most complex risk management needs. However, it is our people—and the deep, valued relationships they develop with colleagues, brokers and clients—that differentiates us worldwide.
For more information, contact:
Joanna Baidoo
+44 (0) 7478466318
Tom Robertson
+44 (0) 7769935376
Daniel Moore
+44 (0) 7711900370
