Next Insurance News

Next Insurance Attracts $250M in New Financing; Its $631M to Date Beats Lemonade

Next Insurance secured another $250 million in financing designed to fuel continued national expansion of its digital small business insurance offerings. CapitalG, Alphabet/Google’s independent growth fund, led the Series D round. But existing investor Munich Re Group also participated in …

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 …

GEICO, Farmers, Liberty Mutual Join Insurers Giving Breaks to Drivers, Businesses

More auto insureds and small businesses are getting a break on their insurance premiums to help them through the coronavirus crisis. Auto insurer GEICO said it will give back approximately $2.5 billion in the form of a 15 percent credit …

Next Insurance Cuts April Premium by 25% to Help Small Firms in Coronavirus Crisis

An insurtech small business insurer is cutting April premiums by 25% for its customers with general liability, professional liability and commercial auto policies to help them get through the coronavirus crisis. Next’s founder and CEO Guy Goldstein said he is …

Next Insurance Appoints Chase, Leichtag as Head Marketing and Product Officers

Next Insurance, a digital insurtech company focused on small business insurance, has appointed today former Fitbit executive Melanie Chase as chief marketing officer and former Yelp executive Effi Fuks Leichtag as chief product officer. Next Insurance provides insurance coverage to …

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 …

On Second Thought, Insurtech Next Insurance Thinks Agents Have a Role After All

Next Insurance has begun formally marketing a portal designed to help independent agents quickly quote and sell its policies. Next said the system, dubbed “Next for Agents,” had been in beta testing since April 2019, though more than 3,000 agents …

Digital Carrier Next Insurance Launches General Contractor Coverage

Small business digital insurance carrier Next Insurance has launched a new general contractor insurance policy that includes general and professional liability insurance for general contractors entirely online. Next Insurance now offers three coverage plans for general contractor insurance starting at …

Next Insurance Rolls Out Commercial Auto Policy

Small business-focused digital insurance carrier Next Insurance has launched a commercial auto insurance policy available entirely online with no extra fees. Small businesses can now purchase a commercial car insurance policy separately, or at a reduced price when bundled together …

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 …