MGT, a company that calls itself an “AI-native neo-insurer,” is expanding to California to offer small business coverage.
The company says its underwriting model allows it to evaluate risk at a fraction of the traditional cost while giving it a greater ability to selectively write small commercial accounts rather than broadly restricting entire geographies.
MGT’s products are available via its digital platform through its appointed agent network in California, extending its national reach to 43 states and Washington D.C.
Topics InsurTech Data Driven Artificial Intelligence California Carriers Commercial Lines Business Insurance
Was this article valuable?
Here are more articles you may enjoy.
Hacking Attempts Surge as Companies, Governments Rush to Patch PHP Flaws 
Chubb CEO Greenberg: Industry Has to ‘Put Arms Around’ AI Liability 
Social Engineering: The Analog Threat to Digital Defenses 
Senator Grassley Adds to Fight for Federal TPLF Disclosure 
