Updated: May 7, 2021
Next Insurance has provided Amazon Business Prime member customized business insurance.
The insurtech uses machine learning and AI to give small business owners opportunities to receive digital insurances which are more cost effective for their businesses. Traintionally, large insurers usually offer the “one for all” plans for their customers , no matter what sizes of their customers' businesses are. Small business owners often spend more time and money for their services . That’s why Next insurance would like to change it.
In April 2021, Next insurance successfully has raised $250 millions in a round that values it at $4 Billions with over 200,000 small business customers .