Next Insurance

Company Overview

Snapshot

Founded in January 2016 by Alon Huri and Nissim Tapiro, Next Insurance operates with over 500 employees. The company raised a total of $1.15 billion across 7 funding rounds from 16 investors. In March 2025, Next Insurance was acquired by Munich Re.

Business overview

Next Insurance specializes in developing insurance solutions for small businesses, providing tailored, affordable coverage. The company's core offering includes easy-to-buy online policies with access to services such as certificates of insurance and additional insured coverage without extra fees. Next Insurance serves the small and medium-sized business market within the Fintech & Insurtech sectors, focusing on digital insurance platforms.

Strategic signal

In March 2025, Next Insurance was acquired by Munich Re at a valuation of $2.6 billion. This acquisition by an early investor signifies strong strategic validation for Next Insurance's model and market position in the insurtech space, indicating a successful exit for its founders and investors while expanding Munich Re's footprint in digital small business insurance.

Company Intelligence Q&A

What was a significant recent corporate development for Next Insurance?

In March 2025, Next Insurance was acquired by Munich Re at a valuation of $2.6 billion. Munich Re, an early investor, purchased the remaining 71% of the company it did not already own.

When did Next Insurance last raise funding?

Allstate Strategic Ventures led this round, with participation from Allianz X.

What was a key strategic partnership for Next Insurance?

In March 2021, Next Insurance partnered with Amazon Business Prime to provide small businesses with affordable digital insurance options, expanding its reach and distribution channels.

Did Next Insurance make any acquisitions?

In March 2021, Next Insurance acquired AP Intego, a move that doubled its revenue. Previously, in December 2020, the company acquired Juniper Labs.

What was a notable operational milestone for Next Insurance?

In May 2018, Next Insurance became a licensed insurance carrier, enabling it to offer tailored digital insurance directly to small businesses.