This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred.
Descartes Underwriting, the parametric risk transfer specialist, has adopted mea Platform’s artificial intelligence (AI) products to enhance automation and data orchestration across its underwriting processes.
The implementation expands Descartes’ use of AI technology to deliver faster and more cost-efficient underwriting decisions, which ultimately mirrors the speed and precision of its claims settlement processes that are a key advantage of parametric insurance.
Descartes noted that its adoption of mea reflects the firm’s commitment to scale efficiently as demand for parametric coverage continues to expand worldwide.
It is important to highlight that mea Platform utilises proprietary domain-specific language models (dsLM) along with agentic AI workflows to enhance AI functionality throughout all aspects of insurance operations, including document ingestion, claims processing, and financial management.
mea is designed for rapid, noninvasive deployment, delivering fast, measurable impact.
AI specifically designed for the insurance industry is uniquely positioned to address the challenges of parametric underwriting, where success in this field particularly hinges on product performance driven by precision, speed, and dependable data, all of which are key factors in proving an organisation’s growth and responsiveness.
Kevin Dedieu, Co-founder and Chief Scientific Officer at Descartes Underwriting, commented: “Tech and data are at the heart of our DNA. Our parametric solutions enable faster claims, greater transparency, and more affordable protection for brokers and their clients. We see mea as an accelerator for our mission to make insurance more responsive, allowing us to focus on innovation and stronger client relationships.”
Max Richter, EMEA CEO at mea Platform, said: “Descartes represents a new generation of insurance companies that are both data-native and outcome-driven. Their focus on clarity, speed, and trust aligns directly with what mea delivers: AI that understands insurance and operates seamlessly to simplify complex and costly (re)insurance operations.”
Also read: Parametric specialist Descartes joins ICMIF to advance climate resilience
Descartes adopts mea Platform to expand parametric growth was published by: www.Artemis.bm
Our catastrophe bond deal directory
Sign up for our free weekly email newsletter here.