Next Insurance

Next Insurance is a technology-driven insurance company that specializes in providing simple, affordable, and tailored insurance coverage for small businesses and the self-employed. Founded in 2016 and headquartered in Palo Alto, California, Next Insurance leverages artificial intelligence and machine learning to streamline the insurance purchasing process, offering a fully digital experience. This allows business owners to obtain quotes and policies for various types of coverage, including general liability, workers' compensation, professional liability, commercial auto, and commercial property insurance, often within minutes. The company aims to address the historically complicated nature of the insurance industry by making it more accessible and transparent for its customers.

Next Insurance serves over 1,300 types of businesses and has insured more than 600,000 customers. The company emphasizes its commitment to small business owners, with its founders having backgrounds as small business owners themselves. This firsthand experience informs their approach to creating insurance solutions that meet the unique needs of entrepreneurs. Next Insurance provides 24/7 online access to services such as obtaining certificates of insurance and adding additional insureds without extra fees. In March 2025, it was announced that Munich Re signed a definitive agreement to acquire Next Insurance, with the company set to become part of ERGO, Munich Re's primary insurance arm. This acquisition is expected to further scale Next Insurance's technology-driven approach and expand its reach in the U.S. small business market. The company has received significant venture capital funding, totaling over $1.1 billion, from investors including Allstate, Allianz X, Munich Re, and CapitalG.