Business Model Analysis
Next Insurance is a Palo Alto-based unicorn that provides commercial insurance to the US small business market using a simplified online experience. In this post, we analyze Next's funding, business model, customer acquisition strategy, market size, and competition.
Palo Alto-based insurtech unicorn Next Insurance is a full-stack digital insurer looking to tackle the $100B small business commercial insurance market. The company offers an online service targeting the roughly 30M small businesses in the US.
We analyze Next’s:
- Funding history
- Business model & traction
- Customer acquisition strategy
- Market size