"Since formation in 2021, mea has consistently driven the market for AI applied to the insurance industry. Demand is accelerating for mea's products that rapidly improve combined ratios and strengthen margins. Intentionally bootstrapped to date, mea is now in its fourth consecutive year of profitable growth. The investment from SEP enables mea to accelerate product development and customer engagement as the company continues its expansion, announced last October, across all (re)insurance operations."
"mea deploys proprietary, insurance-specific AI products to automate end-to-end operations for carriers, brokers, and MGAs. Because the company's products are pre-trained in the language and specificity of insurance requirements, customer deployments are fast and integration is non-invasive. The company has live client deployments across 21 countries with more than $400 billion of gross written premium processed through the platform. Customers and partners include AXIS, CNA, The Hartford, Markel, SCOR, Ardonagh, Lloyd's of London, PPL, Accenture, DXC, ServiceNow, Velonetic, and Verisk, amongst others."
"Despite sustained industry investment in technology, many insurance processes are still highly manual and resource intensive. Operating costs account for up to 14 points of the combined ratio for carriers and nearly half of total expenses for brokers, representing approximately $2 trillion in annual industry costs. mea's agentic AI products orchestrate operations process automation that delivers significant GWP and margin gains with up to 60 percent reductions in operating costs."
mea Platform received a $50 million minority growth equity investment from SEP to accelerate product development and customer engagement. Since 2021, mea has applied AI specifically to insurance, delivering rapid improvements in combined ratios and margins while remaining intentionally bootstrapped and profitable for four consecutive years. The company provides pre-trained, insurance-specific AI products that automate end-to-end operations for carriers, brokers, and MGAs, enabling fast, non-invasive deployments. mea has live deployments in 21 countries processing over $400 billion of gross written premium, with customers and partners across major insurers and service providers. mea's agentic AI products target high manual operating costs, promising up to 60% cost reductions and significant GWP and margin gains.
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