The goal of this partnership is to drastically cut down on the amount of time needed to quote business to minutes, giving underwriters more operational efficiency.

Crux Underwriting's CruxHub, a cloud-based straight-through-processing system created to offer the greatest user experience for brokers and insurance markets, will be integrated with the mea Platform to do this.

Mea Platform's AI technology, which makes use of machine learning (ML) and natural language processing (NLP), automatically transforms raw submission data into insightful knowledge, facilitating quicker risk assessments and decision-making.

This innovation is expected to change the broker experience for Crux Underwriting and move the underwriter's attention from administration to market interaction.

This strategic alliance highlights the insurance industry's move toward automation based on AI and ML to increase service quality and speed.

Brokers utilizing CruxHub will benefit from improved workflow because to Mea's sophisticated data ingestion technology, which removes the need for tedious data input and lets them drag-and-drop schedules straight into the system.

This procedure creates a practically instantaneous quotation process by populating Crux's price interface and streamlining data extraction.

After highlighting the advantages of the technology integration, Crux Underwriting CUO Mike O'Connor said, "By integrating mea's AI solution, brokers can easily drag and drop schedules of value, beginning with terrorism, straight into CruxHub, which then automatically extracts the data and populates our pricing tool, eliminating rekeying and generating quotes in seconds."

According to Crux Underwriting CEO Graham Elliott, "This is a really game-changing solution." Mea not only performs better in testing than other data ingestion suppliers, but it also has a far better understanding of our mission, market, and use cases. We are thrilled to share this strategic alliance and look forward to what we can accomplish together.

Speaking on my behalf, UK Managing Director Graeme Asquith said, "Crux is proud and thrilled to have been chosen to deliver this game-changing solution. Our mission is to create a seamless and efficient broker experience, enabled by cutting-edge technology." We have inked agreements with some of the biggest and most forward-thinking international (re)insurers, and our most recent collaboration with Crux demonstrates the depth of our product offering across the board.