IQUW Teams Up With mea on AI Underwriting Platform Tech

 The latest partnership news from IQUW;

Property and Specialty insurer and reinsurer IQUW has announced a strategic partnership with mea, the AI powered processing platform for (re)insurers, implementing their advanced processing platform to revolutionise underwriting efficiency across IQUW’s (re)insurance operations. The partnership will enhance IQUW’s underwriting productivity and improve service as the (re)insurer continues to focus on delivering seamless broker experiences.

The partnership, which is currently live within IQUW’s Director and Officer product and is rolling-out across all lines of business in the coming months, implements mea’s cutting-edge Generative AI solution, and marks a significant advancement in IQUW’s underwriting service proposition. By leveraging mea’s advanced natural language processing and machine learning, IQUW’s underwriters can now automatically convert unstructured submission data into actionable insights, dramatically accelerating risk assessment and decision-making processes.

IQUW Group CEO, Peter Bilsby commented: “We’re committed to combining intelligent automation and underwriting expertise to maintain our competitive edge and make trading with IQUW seamlessly simple. The implementation of mea’s platform represents an important step in our underwriting journey, enabling our teams to provide significantly faster response times to brokers, whilst maintaining our high standards of risk assessment. The ability to process submissions at a significantly increased rate will represent a game-changing efficiency gain for our underwriting teams and our overall broker service proposition.”

Speaking about the new partnership, Graeme Asquith, UK Managing Director at mea platform, stated: “We are excited to embark on this new partnership with IQUW and are looking forward to what we can achieve together. This agreement is a testament to our mutual commitment to providing transformative solutions and exceeding our clients’ expectations. We’ve recently signed deals with some of the largest players in the (re)insurance market, and this latest partnership with IQUW highlights the strength of our offering.”