The latest update from mea platform as they look back on a busy 2024;
mea platform, a leading innovator in the insurance technology sector, is proud to announce progress over 2024 which enables it to enter 2025 with a solid basis for important strategic growth initiatives. Over this period, mea has achieved significant milestones, including global deployments across multiple tier 1 US and global insurance carriers, some of the worlds largest re-insuers, fast growing MGAs, and Lloyds of London.
In 2024, mea experienced remarkable growth, with revenue increasing 2.6 times and the client base tripling. This impressive performance underscores the platform’s value and effectiveness in the insurance industry. mea, which has grown organically and profitably, is now three years into its develpment and has significant plans for 2025 as it moves from start-up to an accelerated growth phase.
As part of this transition, and continuing the laser focus on driving fast client benefits, mea is implementing a scaled operating model designed to enhance client connectivity and support. This new model will ensure that clients can seamlessly engage with mea, regardless of their location.
NEW CEO
In line with the growth strategy, it is excited to announce the appointment of Max Richter as the CEO for the UK and EMEA. Max Richter is a seasoned professional with over 25 years of experience operating at the intersection of insurance and technology led transformation. He most recently served as Managing Director and key member of Accenture’s global insurance team, working with some of Accenture’s largest P&C clients and leading on AI enabled Underwriting. Max has been instrumental in driving some of the P&C industry’s most strategic initiatives and fostering innovation and growth across multiple domains. Max comes from a software engineering background and prior to Accenture, he led growth across Europe for Detica NetReveal’s, fraud detection SAAS platform.
Martin Henley, Founder and CEO of mea said, “I am delighted with the progress we have achieved in 2024, and over the last three years since launching mea. In 2024 we met our growth plan for the business, having established strong industry relationships and demonstrated to clients the benefit of our technology. We are now integral to their operations, which has led to a tripling of out client base and increasing revenue 2.6 times.
“I’m excited to welcome Max to what will be a crucial next stage of our development. Max brings a wealth of experience and leadership to our team, and we are confident that his expertise will drive our continued success. Max will support me on driving global growth and his experience in leading insurance business and technology transformation on both local and global level will support our aims.”
Max Richter, CEO for UK and EMEA at mea added, “I’m so impressed by the business that Martin has created in a short time, the reputation and the growth of the business creates a strong platform on which I can build. Bringing over 25 years of experience working with Insurance C-level leaders to transform their businesses, as well as experience of growing technology led businesses, from early stage to leading scale, is the right combination of experience for mea’s next stage of growth. The insurance industry is on the cusp of the most transformational wave, enabled by AI technology, that I have witnessed in my career, and I am so excited to engage the industry in solving some of their most pressing challenges, leveraging mea advanced AI enabled technology.”
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