Crux Underwriting Selects mea’s GenAI-Powered Platform to Enhance Broker Service Proposition
London, 12th November 2024 – Specialty MGA Crux Underwriting has announced a strategic partnership with mea, implementing their advanced AI powered processing platform to cut the time taken to quote business down to minutes and transform the broker experience.
The partnership integrates mea Platform with Crux Undewriting’s CruxHub, a cloud-based straight-through-processing system that delivers best-in-class user experience and efficiency to both brokers and markets. mea Platform uses advanced natural language processing and machine learning to automatically convert submission data into actionable insights, dramatically accelerating risk assessment and decision-making processes. For Crux, this will transform their brokers’ experience as well as allowing underwriters to spend less time on admin and more time in the market.
Crux Underwriting CUO, Mike O’Connor, commented: “Integrating mea’s AI solution allows brokers to simply drag-and-drop schedules of value, starting with terrorism, directly into CruxHub which then automatically extracts the data and populates our pricing tool, eliminating rekeying and generating quotes in seconds.”
Crux Underwriting CEO, Graham Elliott added: “This is a truly game-changing solution. We assessed a number of data ingestion vendors and found that mea not only understands our vision, market and use cases significantly better than others, it also outperformed in testing. We’re delighted to announce this strategic partnership and excited about what we can achieve together.”
Speaking about the new partnership, Graeme Asquith, UK Managing Director at mea Platform, stated: “Crux are mission driven to create a seamless and efficient broker experience, enabled by cutting edge technology – we’re proud and excited to have been selected to deliver this transformative solution. We’ve recently signed deals with some of the largest and most progressive global (re)insurers and this latest partnership with Crux highlights the strength of our offering in all parts of the market.”
About Crux Underwriting:
Crux was co-founded by Graham Elliott (CEO), formerly of Azur Underwriting, Mike O’Connor (CUO), Rob Dimsey (non-Exec Chairman) and Yvonne Costello (non-Exec Director), all alumni of Ascot Underwriting. It has plans to build out a specialty business in London taking advantage of its enterprise-grade platform and the huge benefit of getting all its data in one place from the get-go.
For more information, contact:
gelliott@cruxunderwriting.com
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.
For more information, contact:
