mea Platform and AXIS Announce Expansion of Strategic Partnership
London, October 2024 – mea platform announces the renewal and expansion of its strategic partnership with AXIS, a global leader in specialty insurance and reinsurance. Through the partnership, AXIS will expand its use of mea’s generative artificial intelligence (GenAI) to deliver operational efficiencies while enhancing the speed and service that it provides to its customers.
Using mea’s GenAI-powered global solution, AXIS will be able to simplify processes by automating essential activities in submission clearance. This partnership will reduce the need for manual processes and workarounds, decreasing the time and resource traditionally required to manage in-bound submission flow. Previously, AXIS had utilized mea’s Gen-AI across new business submissions.
“At AXIS we are focused on leveraging the transformative power of Artificial Intelligence (AI) to improve outcomes for customers, business partners, teammates, and shareholders,” said Steve Lord, Global Chief Information Officer at AXIS. “The renewal and expansion of our partnership with mea platform enables us to further enhance how we support our customers.”
“We are thrilled to renew and significantly extend our partnership with AXIS,” said Martin Henley, CEO at mea platform. “This agreement reinforces our shared commitment to making innovative technologies actually work for insurers and drive meaningful long-term benefits. We remain committed to delivering transformative solutions and exceeding client expectations year on year.”
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 AXIS
AXIS Capital, through its operating subsidiaries, is a global specialty underwriter and provider of insurance and reinsurance solutions. The Company has shareholders’ equity of $5.7 billion at June 30, 2024, and locations in Bermuda, the United States, Europe, Singapore and Canada. Its operating subsidiaries have been assigned a financial strength rating of “A+” (“Strong”) by Standard & Poor’s and “A” (“Excellent”) by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com .
