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InsTech - insurance & innovation with Matthew Grant

Graeme Asquith, UK Managing Director: mea platform: Designing an intelligent processing platform for insurance (342)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.850 Ratings

🗓️ 16 February 2025

⏱️ 27 minutes

🧾️ Download transcript

Summary

AI-driven automation is transforming how insurers process data, streamline workflows and improve decision-making. In this episode, Robin Merttens speaks with Graeme Asquith, UK Managing Director at mea Platform, about how AI-powered document ingestion is changing the game for underwriting and claims. With advanced machine learning models trained on millions of insurance documents, mea platform enables insurers to extract key information instantly—reducing manual processing, improving accuracy and accelerating business decisions. Robin and Graeme also discuss the rise of algorithmic underwriting, the role of AI in digital distribution and what’s next for the insurance industry as automation becomes a competitive necessity. Key Talking Points: From consulting to AI – Graeme's career path and transition into insurance technology How mea platform extracts data from insurance documents using AI and machine learning Automating underwriting workflows – turning unstructured data into actionable insights The rise of AI-driven ingestion – why it’s becoming a must-have for insurers Three approaches to document processing – build, generic IDP, or insurance-specific AI Speed and accuracy – how mea achieves high extraction precision out of the box Scaling AI in insurance – implementing solutions quickly without heavy IT investment Beyond ingestion – how automation and intelligence are shaping underwriting and claims Partnering for success – mea’s collaborations with Lloyd’s, Accenture, and Solos Consulting The future of insurance AI – from digital trading to algorithmic underwriting and beyond If you like what you’re hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn. You can also contact Graeme Asquith on LinkedIn to start a conversation! Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning. Continuing Professional Development This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, you can claim up to 0.5 hours towards your CPD scheme. By the end of this podcast, you should be able to meet the following Learning Objectives: Specify the differences between generic document processing tools and insurance-specific AI solutions. Define the challenges insurers face in handling unstructured data and the benefits of automation. List the key inefficiencies in manual data extraction and how AI-powered solutions address them. If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 342 page of the InsTech website or email [email protected] to let us know you have listened to this podcast. To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.

Transcript

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0:00.0

Hello, welcome or welcome back to the Insteck podcast. Zoya podcast producer here. Our guest

0:14.3

this week, Mia Platform, has been in the news quite a lot recently. If you're an average reader of

0:19.5

our newsletter, you would have caught that

0:21.3

Mia platform, alongside Accenture, partnered with lawyers to release their summary of coverage service,

0:27.0

providing local policy information to clients across approximately 80 territories. Likewise, Mia partnered

0:33.0

with Solas consulting at the end of January. What does Mia do? Mia is at the forefront of using AI and machine

0:40.1

learning to extract data from insurance submissions, claims and other key documents to automate

0:44.7

workflows and eliminate inefficiencies. Joining Robin this week is Graham Asquith, UK managing

0:51.0

director at Mia. They dive into how Mia is tackling one of the biggest challenges

0:55.4

in insurance, turning unstructured data into actionable insights. Now let's dive into the conversation.

1:06.0

On this week's Instech podcast, I'm joined by Graham Asquith, who's the UK manager of MIR platform.

1:15.5

Graham, thanks for joining us.

1:17.4

Thanks a lot, Robin.

1:18.2

Lovely to be here.

1:19.4

Tell us what MIR, MIR platform, MIR, but I'm going to call it MIR because it's easier.

1:23.7

What does MIR do?

1:25.0

So, yeah, so MIR uses artificial intelligence machine learning to read

1:28.5

insurance documents and to extract data from those insurance documents, whether they're

1:32.6

submissions or claims or whatever, and then send that extracted data wherever it needs to go to.

1:37.3

So whether that's, you know, an underwriting workbench or a claim system, etc. So yeah,

1:41.5

so automating underwriting processes, automating claims processes.

1:45.4

I don't think there's a hotter theme in the UK specialty market right now. So someone had the

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