ADVANTAGEGO AND MEA PLATFORM ANNOUNCE ECOSYSTEM ALLIANCE

London, 16 January 2024 – AdvantageGo, a leading commercial insurance and reinsurance software provider, today announced a strategic alliance with mea platform, a leading AI-powered processing provider for insurance companies.

The latest of several ecosystem alliances, mea intelligently deploys technology, including AI, to quickly solve problems for (re)insurers, brokers and MGAs. An innovative insurtech provider, mea’s software automatically extracts risk data from submission documents without any need for AI training or implementation effort, offering an instant solution and immediate value.

The AdvantageGo Ecosystem offers insurers the choice of leading technology providers through a single source to accelerate digitisation. The ecosystem delivers a comprehensive technology proposition through a single source to accelerate and digitise operations.

“I am very pleased to announce this alliance with such an innovative partner as mea. This latest collaboration is great news for our clients as the AdvantageGo Ecosystem continues to expand, to the market’s benefit,” commented Ian Summers, Global Business Leader, AdvantageGo.

“The mea solution provides seamless, instant, data extraction from submissions documents, utilising their pre trained AI tooling” Summers said.

“This alliance provides clients with the ability to access new data and insights and fresh capabilities faster. Clients can benefit by leveraging the ecosystem’s innovative model of a single service provider relationship to manage in an otherwise fragmented insurtech landscape,” Summers added.

Graeme Asquith, UK Managing Director, mea, commented: “I’m very pleased to join forces with the AdvantageGo Ecosystem so that our companies can collaborate to the benefit of the insurance market,”

“Our software, called ‘ora’ provides increased levels of automation for core business processes, helping make those processes more intuitive, and immediately freeing up staff to focus on providing competitive edge,” Asquith added.

About AdvantageGo

AdvantageGo helps insurance companies to look from an increasingly precarious future back to today. The difference is clarity. And profit. By bringing the future more efficiently and effectively into the present, we position insurers´ profits at the heart of their business – today, not tomorrow. Our pioneering platform and 25 years of experience mean AdvantageGo offers insurers the IT agility they need to create an intelligent digital strategy.

Learn more at www.advantagego.com

About Sapiens

Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global leader in intelligent SaaS-based software solutions. With Sapiens’ robust platform, customer-driven partnerships, and rich ecosystem, insurers are empowered to future-proof their organisations with operational excellence in a rapidly changing marketplace. Our SaaS-based solutions help insurers harness the power of AI and advanced automation to support core solutions for property and casualty, workers’ compensation, and life insurance, including reinsurance, financial & compliance, data & analytics, digital, and decision management. Sapiens boasts a long-time global presence, serving over 600 customers in more than 30 countries with our innovative offerings. Recognised by industry experts and selected for the Microsoft Top 100 Partner program, Sapiens is committed to partnering with our customers for their entire transformation journey and is continuously innovating to ensure their success.    

For more information, please visit  https://sapiens.com

Media contact:

David Benyon

[email protected]

About mea

mea is an AI powered enterprise platform that makes insurance easier. Its intelligent platform takes the effort out of essential processes so insurers, brokers, MGAs can focus on their competitive edge.

Designed for insurers by insurers, mea automates critical activities, boosting productivity, protecting combined ratios and margins. mea’s ora can be immediately applied and rapidly scaled to provide insurers, brokers and MGAs with the right data, in the right format, at the right time.

By making critical insurance processes more intuitive, mea reduces operating costs and increases the top line. Built by a team of insurance veterans and technology talent, mea solves industry problems, freeing insurers, brokers and MGAs to focus on building their businesses.

Media Contact:

Joanna Baidoo

[email protected]

+44 (0) 7478466318