California insurtech Next Insurance is to embark on product development and customer expansion initiatives after securing $250m in funding from German reinsurer Munich Re. TEL AVIV (Reuters) - Next Insurance, a provider of digital insurance products to small U.S. businesses, said on Monday it raised $250 million in funding from German reinsurer Munich Re (MUVGn. The company will use the money for a new insurance platform that it hopes will be able to offer more comprehensive coverage than existing offerings.
California insurtech Next Insurance is to embark on product development and customer expansion initiatives after securing $250m in funding from German reinsurer Munich Re. The company will use the money for a new insurance platform that it hopes will be able to offer more comprehensive coverage than existing offerings.