Sollers Consulting and mea Platform have entered into a partnership that will see both companies help insurers improve their digital capabilities within underwriting and claims.
The partnership will reportedly have a strong focus on Lloyd’s and the London market, which is currently undergoing a transformation towards data-driven business models.
From what Reinsurance News understands, the aim of the two companies is to help improve underwriting and claims management, as well as accelerating the associated processes.
It’s important to highlight how underwriting, automation and data have become major focus areas in London, with companies looking to develop data-driven models for underwriting and claims.
Another key factor to note, is that mea’s GenAI powered platform automatically converts submission and claims data into actionable insights. As a result, this reduces a l0t of manual work, which ultimately saves time and accelerates decision-making processes.
Wojciech Korobacz UK London Market Lead at Sollers, commented: “Lloyd’s and the London market are at a turning point as competition in the markets is increasing. Technology is becoming a major driver in the market with underwriting and claims being key focus areas. We are delighted to be working with mea Platform to support this transformation. Through its AI-driven solution and multiple global deployments, it has proven how beneficial its technology is for insurance companies.”
Graeme Asquith, UK Managing Director at mea Platform, also commented on the partnership: “Maximising value from new technology requires the best solutions, implemented by experts. Bringing together mea’s platform with Sollers’ delivery expertise and combining our deep knowledge of the London Market will help integrate it with core insurance systems. We are delighted that Sollers has joined our implementation partner ecosystem to underpin increasing demand from insurance companies, MGAs and brokers.”
