mea Platform, an AI-driven insurance technology company, announced it has received a $50 million minority growth equity investment from SEP, a prominent investor in the enterprise technology space.
Founded in 2021, MEA focuses on applying artificial intelligence to the insurance industry, offering products designed to improve combined ratios and improve profit margins.
The company, which has so far been intentionally self-funded, is now entering its fourth consecutive year of profitable growth. SEP’s investment will support accelerated product development and customer engagement as MEA continues the global expansion of its re/insurance business first announced last October.
mea provides artificial intelligence solutions tailored for the insurance industry, automating end-to-end operations for carriers, brokers and MGAs. Its products are pre-trained for insurance language and requirements, allowing for fast, non-disruptive deployment.
The platform serves clients in 21 countries and manages more than $400 billion in gross premiums. Notable clients and partners include AXIS, CNA, The Hartford, Markel, SCOR, Ardonagh, Lloyd’s of London, PPL, Accenture, DXC, ServiceNow, Velonetic and Verisk.
Despite significant technology investments across the insurance industry, many processes remain manual and resource-intensive. Operating costs account for up to 14 percentage points of a carrier’s combined ratio and nearly half of a broker’s total fees, totaling about $2 trillion annually. mea’s artificial intelligence products automate these processes, reducing operating costs by up to 60% while driving growth in total written premiums and profit margins.
Founded by experienced insurance professionals, MEA combines industry expertise with scalable technology to deliver measurable results. Its product suite has expanded from submission ingestion to comprehensive operational automation, providing customers with rapid deployment and return on investment.
Martin Henley, founder and CEO of mea, commented: “SEP has extensive experience in scaling enterprise technology businesses and we are delighted to be working with them to grow mea with the same principles and focus that have taken us to this point. We saw strong interest from potential investors and selected SEP because of their long-term view, collaborative style and the strategic support they will provide as we enter our next phase of growth.”
“Our opportunity to improve combined ratios and margins for our clients builds on years of developing and deploying insurance-specific AI globally. As the industry moves from AI experimentation to production, clients are increasingly recognizing the value of domain-specific technologies that can deliver results immediately.”
Angus Conroy, managing partner at SEP, added: “mea is a perfect fit for our strategy of supporting IP-rich technology companies solving complex problems for the world’s largest organizations. mea has built a highly differentiated, production-grade platform for global insurance groups with a clear return on investment.”
“Strong customer adoption, growth and capital efficiency reflect the quality of the technology and the team’s deep insurance expertise. In a dynamic market, mea differentiates itself by being real-time, proven and at scale today. We are excited to partner with Martin and the mea team to help them continue to scale their business.”
