mea, an AI-native InsurTech, has announced a significant minority growth equity investment as it looks to accelerate its global expansion and deepen engagement with customers across the (re)insurance market.
The company has secured $50m in funding from SEP, a growth equity investor known for backing enterprise technology businesses. The transaction represents mea’s first external capital raise, following several years of organic, profitable growth.
Founded in 2021, mea develops proprietary insurance-specific artificial intelligence designed to automate end-to-end operational processes for carriers, brokers and managing general agents. Its products are pre-trained on the language, data structures and regulatory requirements of insurance, allowing for rapid deployment without invasive system integration. The platform is already live across 21 countries and has processed more than $400bn in gross written premium to date.
The fresh capital will be used to accelerate product development and increase customer engagement as mea continues to scale internationally. The company said the investment would support its ongoing expansion across all (re)insurance operations, building on growth plans first outlined in October last year.
The business is positioning itself to address persistent inefficiencies in the insurance sector, where many workflows remain manual and resource-heavy despite sustained technology spend. Operating costs can account for up to 14 points of a carrier’s combined ratio and nearly half of brokers’ total expenses, equating to around $2tn in annual industry costs. mea claims its agentic AI products can deliver operating cost reductions of up to 60%, alongside gains in GWP and margins.
mea was built by former insurance industry leaders and has expanded from an initial submission ingestion product into a full end-to-end operations platform. Its customer and partner roster includes AXIS, CNA, The Hartford, Markel, SCOR, Ardonagh, Lloyd’s of London, PPL, Accenture, DXC, ServiceNow, Velonetic and Verisk.
mea founder and CEO Martin Henley said, “SEP brings deep experience in scaling enterprise technology businesses, and we are excited to partner with them as we grow mea with the same discipline and focus that has brought us to this point. We saw significant inbound interest from potential investors and chose SEP for their long-term perspective, collaborative style, and the strategic support they will provide as we enter our next phase of growth.
“Our opportunity to improve client combined ratios and margin is built on years of developing and deploying insurance-specific AI at global scale. As the industry moves from AI experimentation to production, customers increasingly recognize the value of domain-specific technology that delivers results immediately.”
SEP managing partner Angus Conroy said, “mea is an excellent fit with our strategy of backing IP-rich technology companies that solve complex problems for the world’s largest organizations. mea has built a highly differentiated, production-grade platform with clear return on investment for global insurance groups. Strong customer adoption, growth, and capital efficiency reflect both the quality of the technology and the team’s deep insurance expertise. In a dynamic market, mea stands out for what is live, proven, and scaled today. We are excited to partner with Martin and the mea team as they continue to scale the business.”
Copyright © 2026 FinTech Global
