Company lands No. 37 spot on annual list for its customized insurance offerings for small businesses
NEXT Insurance, a leading digital insurtech company transforming small business insurance, today announced it was named to the 2022 CNBC Disruptor 50 list. The annual list honors the leading private companies whose business models and and innovative solutions are fundamentally changing industries and better serving consumers. NEXT, debuting at number 37, was selected because of its innovation and impact on the small business insurance market. NEXT’s mission is to help small businesses thrive and is committed to providing entrepreneurs with a simpler way to secure the coverage they need so they can focus on what matters most – growing their business.
NEXT celebrates the win after wrapping up a year of significant corporate milestones, including a $250 million funding round at a $4 billion valuation, a successful rebrand launch, completing the acquisition of AP Intego and tripling its gross written premium to reach a $650 million run rate. Committed to continuous innovation in small business insurance, over the past year, the company unveiled its first embedded insurance solution NEXT Connect, launched a refreshed mobile app and announced its participation in the Amazon Insurance Accelerator.
“Small businesses have undergone incredible hardship over the past two years which has refocused the importance and power of how digital solutions can best set them up for success,” said Guy Goldstein, CEO and co-founder of NEXT Insurance. “This recognition from CNBC not only shows how NEXT is uniquely positioned to revolutionize the small business insurance market through constant innovation and staying true to our mission to help small businesses thrive.”
CNBC receives thousands of nominations for the Disruptor 50 list each year. All submissions are subjected to a qualitative and quantitative judging process that evaluates core business models, scalability, customer growth among other key metrics.