Next Insurance

The InsurTech announced a strategic partnership with Allstate to combine the companies' expertise in small business insurance, and a stronger reinsurance relationship with Allianz.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The executive will help define Next’s customer segmentation strategy as the company evaluates new industries to serve.

Even if venture debt has always been around, sources said InsurTechs are approaching the market in different ways, as they struggle to raise equity rounds at attractive valuations.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

It is understood that the InsurTech is looking to raise approximately $200mn in debt.

Next is the latest InsurTech to reduce its staff in what has become a widespread phenomenon within the space.

Inside P&C’s news team runs you through the key developments from the week.

It is understood that Next decided to discontinue the process after it proved an uphill battle to secure funding at an attractive valuation amid volatile market conditions.

The offering includes auto repair shops, auto body shops, car washes, oil change stations, tire shops and auto parts stores.

COO Sofya Pogreb says InsurTech Next is evaluating the option to go public, but the time is not yet right.

Next Connect will enable small businesses in industries such as payroll, POS, accounting, e-commerce and banking to embed Next's insurance offerings into their existing platforms.