The partnership aims to transform the broker experience by significantly reducing quote turnaround times and improving overall efficiency.
According to reports, by integrating mea’s AI-powered processing platform with CruxHub, a cloud-based straight-through-processing system, Crux Underwriting will streamline its operations. The advanced natural language processing and machine learning capabilities of mea Platform will enable the automatic conversion of submission data into actionable insights. This will accelerate risk assessment and decision-making processes, ultimately allowing underwriters to dedicate more time to market engagement and less to administrative tasks.
The partnership is predicted to provide a superior experience for Crux Underwriting’s brokers, as they can now anticipate significantly faster quote times and more efficient interactions.
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.”
