Next Insurance doubles gross written premium with AI-powered coverage

The US-based small business insurtech reached a $200 million gross written premium run rate by the end of 2020, from $100 million last February, per PR Newswire...

Next Insurance now serves over 130,000 customers, up from 100,000 when it raised $250 million in Series D funding last September. Founded in 2016, Next Insurance uses AI to offer tailored coverage to small businesses via a digital process, including general and professional liability, commercial auto, and workers' compensation.