Next Insurance H1 2018 Report Shows Exponential Growth Year-Over-Year
PALO ALTO, California, August 9, 2018 /PRNewswire/ --
Next Insurance, the leading digital insurance company for small businesses, today published its H1 2018 Report, detailing exponential growth in premiums sold, record-breaking venture capital investment, increased insurance offerings across multiple new lines of business, and more.
Next Insurance recently announced its Series B funding round of $83 million - bringing its total raised to transform the US small business insurance marketplace to $131 million in just two years.
Key Highlights from the Report:
In May 2018, Next Insurance became a licensed insurance carrier, enabling it to begin writing policies independently, with more freedom over underwriting, setting prices, and configuring policies. The company is currently licensed in eight states, including Delaware, Oklahoma, Arizona, North Carolina, Texas, New Mexico, Maryland, Utah, and the District of Columbia, and is rapidly expanding to become a carrier in all 50 states.
To view the full report, please click here.
About Next Insurance:
Next Insurance is transforming small business insurance with simple, affordable coverage, tailored to the needs of each class of business. Next Insurance offers policies that are easy-to-buy with instant, 24/7, online access to services such as Live Certificates of Insurance, Additional Insured, and more with absolutely no extra fees. Revolutionizing traditional insurance processes, Next Insurance is utilizing advanced technology to offer the industry's most innovative small business insurance policies. Founded in 2016 by a team of serial entrepreneurs, the company is headquartered in Palo Alto and has received a total of $131 million in venture capital funding from Redpoint Ventures, Nationwide, Munich Re, Markel, American Express Ventures, Ribbit Capital, TLV Partners, SGVC, and Zeev Ventures. To see how Next Insurance performed in 2017, click here. To learn more about Next Insurance becoming a carrier, please click here. For more information about the company, visit Next-Insurance.com.
SOURCE Next Insurance