Through this partnership, NEXT can help Evident’s clients and their small business clients streamline and simplify the process of purchasing coverage and provide proof of required insurance. NEXT and Evident’s combined solution is the only fully automated, fully-digital insurance verification and fulfilment solution available. After you have signed your insurance contract with Next Insurance, your policy will start on the policy effective date. Through NEXT, small businesses can obtain fast quotes, purchase online, and receive a certificate of insurance in seconds at any time of day. Connect Square Payroll to Next Insurance. NEXT was selected by Evident because it provides multiple lines of insurance coverage to a broad array of classes of businesses across the small business sector, powering small business growth. “Our partnership with NEXT means increased overall compliance rates for our enterprise customers along with the right coverage at the right price for the small businesses we verify – helping everyone get to work.” Navigating insurance options while trying to onboard with a significant new enterprise is a serious pain point in a small business’s customer journey,” said David Thomas, founder and CEO of Evident. “Our enterprise customers are demanding small businesses meet increasingly strict insurance requirements. This partnership allows NEXT and Evident to fill the coverage gaps that exist for these small businesses and support them with their compliance needs. Yet, according to Evident‘s data-based research report, only 25% of enterprise companies’ third-party partners fully comply with their insurance requirements. Israeli-founded insurtech company Next Insurance doubled its valuation to 4 billion in six months, raising another investment of 250 million, the company announced on Wednesday. Small businesses can’t access enterprise customers without meeting these requirements, halting their growth trajectory. The insurtech has raised 881 million in funding, according to Crunchbase, including three. Whether small businesses are maintaining relationships with larger customers or winning business with larger prospects, compliance with insurance requirements is essential. About Next Insurance Provides industry-tailored small business insurance policies (liability, auto, workers comp, etc.) online using artificial intelligence to process applications in 10. Next was founded in 2016 and launched the following year, offering insurance cover for small businesses. “Enterprise risk managers deal with thousands of small business vendors who need various coverages in order to scale their business, and NEXT Connect, our embedded insurance solution, makes this process really easy.” Our partnership with Evident helps small businesses achieve and remain compliant with the coverage requirements of their larger enterprise customers,” said Eric Harnden, vice president of partnerships and agency at NEXT Insurance. “Our mission is to enable small businesses to thrive by providing them with fast, affordable and customizable insurance. Through this partnership, NEXT and Evident are making it easier for small businesses to get the exact coverage they need to grow and scale. They tend to renew automatically and do very little shopping around.NEXT Insurance, a leading digital insurtech company transforming small business insurance and Evident, a leading provider of third-party insurance verification services, recently announced that they have partnered to provide NEXT’s tailored insurance solutions to the small businesses that Evident verifies, improving their compliance with the enterprise’s requirements. NEXT Insurance is an insurtech startup that offers fast, tailored, and affordable insurance to small businesses. Incumbent players hold large market shares, while many businesses remain loyal to existing providers. Even with vast sums of funding, the SME insurance market is still a difficult one to break into. However, this tie-up with Amazon could take the insurtech to the next level. GlobalData’s Smart Money Analytics database shows that Next Insurance has already raised $881m as of August 2021, making it a leading insurtech globally by this measure. Next is the only insurer participating in this trial, which grants it access to an enormous potential customer base and could see it move from leading insurtech to a key player in the US SME insurance market. Were disrupting the antiquated business insurance model, and passing up to 30. Next will help Amazon provide its sellers with instant quotes directly within Amazon Seller Central. Next Insurance is 100 dedicated to small businesses and the self-employed. US SME insurtech Next Insurance is taking part in Amazon’s insurance accelerator as the tech giant looks to upgrade its insurance offering.
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