NEXT Insurance Earns A+ Superior Rating from AM Best, Approaches 750,000 Small Business Customers

Milestones follow ERGO acquisition, reinforcing NEXT’s financial strength, scale, and commitment to helping small businesses thrive

PALO ALTO, Calif.--(BUSINESS WIRE)--
NEXT Insurance, a leading digital insurtech company transforming small business insurance, announced it has earned an A+ Superior rating and an AA Superior long-term rating from AM Best while approaching 750,000 small business customers nationwide.

AM Best is the world’s most widely recognized credit rating agency for the insurance industry and serves as a critical benchmark for carriers, agents, and customers to assess the financial strength and long-term stability of an insurer.

NEXT’s A+ rating demonstrates the company’s financial strength and reliability, reinforcing its ability to support entrepreneurs across a broad range of industries. It also reflects how NEXT’s advanced technology is laying the groundwork for sustainable growth that benefits customers today and well into the future.

“Achieving an A+ rating from AM Best is a landmark moment for our team and the entrepreneurs we serve,” said Teodora Gouneva, Chief Financial Officer of NEXT. “This recognition validates the strength of our model and gives small business owners confidence that their coverage is backed by one of the most trusted authorities in the industry.”

The AM Best A+ rating arrives as NEXT approaches the milestone of serving 750,000 small business customers.

Small business owners have long been overlooked by traditional insurers, relying on policies that are inflexible and expensive. As a result, entrepreneurs are left without the coverage they need. Founded in 2016 to close this gap, NEXT combines insurance expertise with a digital-first model to deliver fast, affordable, and tailored protection to business owners.

These achievements come on the heels of NEXT’s full acquisition by ERGO Group AG, the primary insurance arm of Munich Re, in March 2025.

Today, NEXT supports over 1,300 professions and has seen rapid growth across key markets, including professional services, hospitality, retail and construction.

Its proprietary technology enables a fully digital experience that offers instant quotes, streamlined underwriting, and data-driven risk assessments that adapt coverage to the realities of each business. Combined with guidance from trusted agents and advisors, NEXT’s approach to insurance ensures SMBs get the protection that fits their evolving risks without delays or complexity.

“Small businesses are the backbone of the economy, and NEXT is proud to support nearly 750,000 entrepreneurs,” said Tim McDermott, director of insurance product management at NEXT. “Our mission has always been to make insurance simple and affordable so business owners can focus on running their companies with confidence. This milestone reflects the trust they place in our expertise and technology, and it inspires us to keep innovating.”

NEXT continues to demonstrate market momentum through product innovation and expansion. Over the past year, the company expanded its Business Owners' Policy to 41 states including New York and Texas, launched multi-location workers’ compensation coverage to simplify protection for growing businesses, and introduced standalone Professional Liability coverage tailored to consultants.

New digital tools that support small business owners, agents and partners include ACH Payments, Coverage Builder, and Agent Copilot to streamline workflows and create more revenue opportunities for agents. By pairing innovative products with efficient digital experiences, NEXT is strengthening its role as a trusted partner for the small business community.

Visit www.nextinsurance.com to learn more about NEXT Insurance.

About NEXT Insurance

NEXT Insurance is a leading digital insurer transforming small business insurance with simple, digital coverage tailored to entrepreneurs.

We utilize AI and machine learning to simplify the purchasing process for coverage with 24/7 access to servicing, including Certificates of Insurance, additional insured, and more.

After years of close partnership with Munich Re, we were acquired in 2025 to become a part of their ERGO Group global insurance network. Together, we’re making small business insurance simpler and smarter to help more small businesses thrive.

For more information, visit NextInsurance.com. Stay up to date on the latest with NEXT on LinkedIn, Facebook and our blog.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250916942189/en/

Media Contact:
Anat Harel
NEXT Insurance, Inc.

Director, Digital Marketing

975 California Ave

Palo Alto, CA 94304

650-512-7303

[email protected]

Source: NEXT Insurance