Next Insurance
Next Insurance Inc. is an online insurance agency that specializes in providing various insurance products and services tailored for small businesses. Founded in 2015 and based in Palo Alto, California, the company offers business, general liability, professional liability, commercial auto, and workers’ compensation insurance. By leveraging technology, Next Insurance eliminates the need for agents and reduces costs, enabling it to offer competitive pricing. The company's services cater to a diverse range of sectors, including construction, fitness, cleaning, beauty, therapy, entertainment, and education. Additionally, Next Insurance prioritizes timely claims processing, often investigating claims within 48 hours to ensure transparency and efficiency for its clients.
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2 past transactions
AP Intego
Acquisition in 2021
AP Intego is a digital small commercial insurance agency and one of the nation’s fastest-growing Insurtech companies. The company provides an integrated, turn-key insurance agency to hundreds of affinity partners, as well as optimal coverage, superior customer service, and flexible, streamlined billing to tens of thousands of small business customers through its industry-leading digital insurance platform.
Juniper Labs
Acquisition in 2020
Juniper Labs LLC is a Denver-based company that develops AI-driven tools for the commercial insurance industry. Incorporated in 2018, Juniper Labs specializes in application programming interfaces (APIs) that enhance the quoting and underwriting processes for insurance products. By employing natural language processing, the company effectively organizes and analyzes fragmented and unstructured data from small businesses, delivering structured insights that improve the predictive power of underwriting models. This capability helps insurance carriers achieve greater risk transparency and increases efficiency in their operations, ultimately automating the quote process and enabling faster decision-making. As of December 2020, Juniper Labs operates as a subsidiary of Next Insurance Inc.
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