Allstate and Allianz are making a sizable bet on the digital transformation of the commercial insurance market with a $265 million strategic investment in Next Insurance, an insuretech startup focused on the small business market.
Tag: Next
Insurtech Trend? Next Insurance, Thimble Announce Layoffs
Israeli insurtech Next Insurance is laying off 150 employees, which make up some 17% of the company’s workforce. Most of those being laid off are based in the U.S., but it is believed that around 40 of the employees leaving the company are headquartered in Israel. “It was a very difficult decision, but we are… Continue reading Insurtech Trend? Next Insurance, Thimble Announce Layoffs