Next Insurance

Next Insurance

Next Insurance launched in 2016 to simplify small-business insurance using algorithmic underwriting and online sales. Founders Guy Goldstein, Nissim Tapiro, and Alon Huri built the platform to deliver tailored policies without agents or brokers — serving contractors, cleaners, retailers, and other Main Street professions. The firm issues general liability, workers’ compensation, and professional liability coverage instantly after a quote. Its underwriting engine covers 1,300+ business types, using data to set premiums and manage risk. The company operates solely as a direct writer — it does not distribute through agents — and holds an A- (Excellent) financial strength rating (per AM Best, 2023). Earlier this year, it claimed 750,000 customers and a 4.7/5 customer rating on its website. In 2025, Next Insurance was acquired by Munich Re’s ERGO group and rebranded as ERGO NEXT Insurance. The transaction integrated Next's platform into one of Europe’s largest primary insurers, giving the digital upstart balance-sheet capacity and international distribution. The company maintains offices in Palo Alto, California and Plymouth Meeting, Pennsylvania. No founding-year figure, AUM, or detailed team roster is publicly available outside of the parent relationship. The key structural shift is ownership: Next Insurance is now a wholly-owned subsidiary of Munich Re, rather than an independent VC-backed startup. The alignment with ERGO provides permanent capital and removes the need to raise external funding rounds, but also folds strategic decisions into a larger global insurer’s framework.