NEXT Insurance said Allstate and Allianz X have invested $265 million in the digital small business insurer. NEXT and Allstate will partner on bringing new commercial products to what they call an underserved target market of 33 million small businesses. …
Digital small business insurer Next Insurance announced a new offering it says will enable agents to fully customize coverage quotes to better meet the needs of their small business clients. Next’s Coverage Builder allows agents to micro-tailor small business quotes …
Could self-service and digital quoting and binding be gamechangers for independent agents and brokers working in microbusiness lines? Though they’re the smallest of small businesses, microbusinesses account for the largest portion of small businesses in the United States. They dominate …
Chubb Appoints Camp North America Business Development Leader Chubb has appointed Annmarie Camp as North America business development leader, part of the company’s North America field operations. Camp has over two decades of insurance industry experience. Since joining Chubb in …
Findings from a recent NEXT Insurance survey highlight a significant gap between small business owners’ biggest stressors in 2023 and what they’re prepared for when it comes to their insurance knowledge and coverage. The data’s overarching takeaway: Insurance is often …
Next Insurance Names Rhodes as First Chief Insurance Officer Next Insurance has announced the appointment of Chris Rhodes as the company’s first chief insurance officer. Rhodes has 20 years of property and casualty insurance experience, including senior leadership roles at …
NEXT Insurance and Thimble are the latest insurtechs to lay off part of their workforce this year, with NEXT citing challenging economic conditions and both insurtechs pointing to an increased focus on profitability. NEXT laid off 17% of its workforce …
According to a recent survey by Next Insurance, small businesses are feeling stressed and frustrated by the state of the economy and inflation. Only 29% of respondents said they felt optimistic about an economic recovery in the next year, according …
Liberty Mutual Motor Cargo Product Serves ‘Last Mile’ Delivery Market Liberty Mutual Insurance has launched a motor cargo product to serve the emerging last mile and gig economy delivery segments, including the regional operators and individual proprietors that transport goods …
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to startup Next Insurance US Co., headquartered in Palo Alto, California. The outlook assigned to these ratings is stable. The …
