Next Insurance was founded in 2016 by Guy Goldstein (CEO), Alon Huri (CGO), and Nissim Tapiro (CTO). A year later, in 2017, the company started operating its insurance business. Prior to Next Insurance, the three founders founded another company called Check that was acquired by Intuit in 2014 for 360 Million USD.
Who founded Next insurance?
Founded in 2016 by Alon Huri, Guy Goldstein, and Nissim Tapiro, the company provides digital, small business insurance coverage across the US, offering tailored, easy-to-understand policies with instant, 24/7, online access and in-house claims filings where a decision is typically made within 48 hours.
How much is next insurance worth?
Next Insurance raises $250M, doubling its valuation to $4B in under a year. Next Insurance recently announced that it has raised a $250 million round, valuing the SMB-focused insurance provider at $4 billion. The company last raised another $250 million in September 2020, at a valuation of $2 billion.
Is Pie insurance an insurance company?
Pie Insurance operates as a managing general agency for Sirius America Insurance Company.
Is next an insurance carrier?
Next Insurance Becomes a Licensed Insurance Carrier, Offering, Digital Insurance to Small Businesses. (Palo Alto, May 24, 2018) Next Insurance, the leading digital insurance company for small businesses, today announced their new status as a licensed insurance carrier.
Is next Insurance AM Best rating?
Partners next to us
Our policies are backed by Munich R.E., rated A+ by A.M. Best. Depending on state and line of business, our policies are issued by either Next Insurance US Company, rated “A” Exceptional by Demotech, or by State National Insurance Company, Inc., rated “A” by A.M. Best.
Is next insurance an admitted carrier?
An “admitted” insurance carrier has been approved by a state’s Insurance Department. Next Insurance currently works only with admitted carriers. Admitted carriers must satisfy stringent requirements for doing business.
How many customers does next insurance have?
A recovery in the making
Guy Goldstein, Next’s cofounder and chief executive, says 2021 is already poised to be a better year for business than last year. That holds true not just for Next, but for the more than 200,000 customers and counting across the U.S., to whom the company’s fortunes are tied.
What is O&E insurance?
What is E&O insurance? E&O insurance is a kind of specialized liability protection against losses not covered by traditional liability insurance. It protects you and your business from claims if a client sues for negligent acts, errors or omissions committed during business activities that result in a financial loss.