Swiss Re selects mea platform’s GenAI solution to enhance operations

mea, a GenAI-powered global platform for insurers, has announced that Swiss Re has selected its platform to enhance its insurance and reinsurance operations, strengthening their existing partnership.

This expanded partnership builds on their successful collaboration that began in July 2023, when Swiss Re first selected mea for its Corporate Solutions business. As the partnership goes into its second year, it now covers P&C reinsurance operations use cases.

Under the expanded agreement, mea’s GenAI technology will process complex data formats, such as Schedules of Value (SOV) and Loss Runs, making it easier to process data from detailed Excel spreadsheets and PDFs.

mea aims to streamline insurance processes by automating key tasks. Its GenAI solution, Ora, uses advanced natural language processing and machine learning to transform unstructured data from submission-related documents into structured, analysable data. This reduces the need for manual work and speeds up the handling of incoming submissions.

Tarun Kohli, Managing Director & Head Group Delivery Services, Swiss Re, said, “We are pleased to announce this partnership with mea which comes off the back of successful pilots across our reinsurance and insurance operations. We went through a rigorous selection process to identify a platform that is both innovative and mature enough to complement our state-of-the-art tech stack. mea’s capabilities have proven to be the right fit for us as Swiss Re is continuing its digital transformation journey.”

Marc Werder, Managing Director & Chief Innovation and Transformation Officer at Swiss Re Corporate Solutions, added, “With its GenAI-powered platform, mea’s technology helps us further enhance our data capabilities and simply processes where needed. The expansion of this partnership is part of our commitment to continuously optimising our business operations and driving innovation across the organisation.”

Martin Henley, CEO at mea, commented on the expansion, saying, “We are thrilled to deepen our partnership with Swiss Re. This selection and expansion demonstrate the value and efficiency our solution brings to both Reinsurance and Insurance operations. We’re just scratching the surface of what’s possible, and we look forward to continuing to innovate and deliver value for Swiss Re.”

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