mea Platform funding marks a major milestone for the AI-native insurance technology company as it raises $50 million in minority growth equity from SEP. The investment will accelerate product innovation and global expansion while helping insurers improve combined ratios and margins.
Founded in 2021, mea Platform has driven rapid adoption of insurance-specific AI solutions. Intentionally bootstrapped until now, the company is in its fourth consecutive year of profitable growth. The new funding will support further development of its agentic AI capabilities and deepen customer engagement across (re)insurance operations worldwide.
Driving Insurance Combined Ratios With AI
The mea Platform funding reinforces the company’s mission to improve insurance combined ratios and strengthen margins. Despite heavy industry investment in technology, many insurance processes remain manual and resource intensive.
Operating costs can account for up to 14 points of the combined ratio for carriers and nearly half of total broker expenses—representing around $2 trillion in annual industry costs. mea’s AI-native platform orchestrates end-to-end operations automation, delivering:
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Up to 60% reduction in operating costs
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Faster submission ingestion and underwriting workflows
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Improved gross written premium (GWP) efficiency
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Measurable margin gains
By deploying proprietary AI products trained specifically for insurance language and requirements, mea ensures fast implementation and non-invasive integration.
Global Scale and Enterprise Adoption
The mea Platform funding comes as the company expands across global markets. The platform currently supports live deployments in 21 countries, processing more than $400 billion in gross written premium.
Customers and partners include major insurance and technology organizations such as:
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AXIS Capital
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CNA
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The Hartford
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Markel
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SCOR
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Lloyd’s of London
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Accenture
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ServiceNow
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Verisk
This growing ecosystem highlights mea’s position as a production-grade AI platform delivering measurable ROI for global insurance groups.
From Submission Ingestion to End-to-End Automation
Built by former insurance industry leaders, mea combines deep domain expertise with scalable enterprise technology. The company initially gained traction through its submission ingestion product and has since expanded into full end-to-end operations automation.
As insurers move from AI experimentation to full production deployment, demand is rising for domain-specific AI solutions that provide immediate operational impact. The mea Platform funding will help the company meet this demand by scaling its AI roadmap and enhancing its enterprise capabilities.
Strategic Partnership With SEP
According to company leadership, the decision to partner with SEP was driven by the investor’s experience in scaling enterprise technology businesses and its long-term, collaborative approach.
SEP’s investment aligns with its strategy of backing IP-rich technology companies that address complex challenges for large global organizations. With strong customer adoption, consistent profitability, and capital efficiency, mea is positioned to lead the next phase of AI-driven transformation in insurance.
The mea Platform funding signals continued momentum as the company targets improved combined ratios, stronger margins, and operational excellence across the global insurance industry.
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