Guy Goldstein News

Next Funding Round for Next Insurance May Double Insurtech’s Valuation to $2.25 Billion

Next Insurance is in talks to raise new capital in a round that values the insurance technology startup at about $2.25 billion, according to people familiar with the matter. Alphabet Inc.’s CapitalG is in talks to lead the roughly $250 …

Munich Re Backs Small Business Insurtech Next Insurance with $250 Million

Insurtech Next Insurance has pulled in a $250 million financing round from a single investor: Munich Re. Palo Alto-based Next said it plans to use the Series C cash infusion to scale up its small business insurance products and expand …

Insurtech Next Insurance Raises $83 Million to Expand; Nationwide, Munich Re Among Investors

Next Insurance has raised $83 million in new financing, money it said will fuel its continued U.S. expansion as a full-service digital insurance carrier focused on the small business market. Nationwide Insurance and Munich Re participated in the Series B …

Insurtech Next Insurance Ditching Agency Model to Become a Carrier

Next Insurance, which debuted in 2016 as a digital insurance agency for small to medium-size businesses, is repositioning itself by becoming a licensed insurance carrier. The company says it has received its first license from Delaware and expects to be …

Language Lessons for Property/Casualty Insurers

InsurTech leaders speaking at the InsureTech Connect Conference in October had a message for traditional insurers they have probably heard before: The language that insurance agents and carriers use is creating a gulf between insurers and customers who struggle with …

Personal Trainers Can Now Buy Policies from Next Insurance via Chatbot on Facebook

Next Insurance, a digital insurance company for small businesses, has launched a chatbot that enables personal trainers to quote and buy liability insurance via Facebook Messenger. Next said it partnered with chatbot developer SmallTalk, becoming what it claims is the …