DeFi Daily News
Sunday, June 1, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Finance Business Finance

rewrite this title and make it good for SEOMunich Re buys Israeli insurtech co Next at $2.6b valuation

Assaf Gilead by Assaf Gilead
March 20, 2025
in Business Finance
0 0
0
rewrite this title and make it good for SEOMunich Re buys Israeli insurtech co Next at .6b valuation
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

In 2022, as the technology market cooled and the insurtech sector went into decline, Israeli startup Next Insurance was forced to lay off employees. At the end of 2023 it raised a large amount, $365 million, but at a lower valuation than in its previous round, falling from $4 billion to $2.5 billion. Now, the company is being sold to one of its early investors, German insurance corporation Munich Re at a slightly higher valuation, $2.6 billion. The company has raised a total of $1.17 billion, according to the PitchBook database.





RELATED ARTICLES




Israeli co Next Insurance raises $265m


Digital insurance co Next Insurance lays off 150






Munich Re is buying the 71% of Next Insurance that it does not already own, through Ergo Group, its main insurance unit. The acquisition is a cash deal.

Next Insurance develops and manages a digital platform for insuring small businesses in the US. It was founded nine years ago by Guy Goldstein, Alon Huri, and Nissim Tapiro. At the time of its last fund raising round in 2023 it reported that it had surpassed 500,000 active customers in the US through 1,300 different types of insurance. Like another Israeli insurtech company, Lemonade, which is active in the consume market, Next Insurance is based on artificial intelligence and machine learning to carry out smart underwriting and to approve within minutes a policy offer that matches the criteria of small business owners. According to LinkedIn, the company employs 730 people, 200 of them at its Kfar Sava headquarters.

Among the investors in the company, according to PitchBook, are Oren Zeev, through Zeev Ventures, Dovi Frances’s Group 11, TLV Partners, and more lately Redpoint Ventures, Nationwide Ventures, CapitalG, and several financial institutions, among them Bank Hapoalim, Migdal, and Psagot.

The last round also brought in two strategic investors: US insurance company Allstate and Allianz X, the digital investment arm of German insurance company Allianz. Allianz X helped Next Insurance to reach reinsurers, and thereby improve its profitability.

Published by Globes, Israel business news – en.globes.co.il – on March 20, 2025.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.


and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: 2.6BbuysGoodInsurtechIsraelirewriteSEOMunichtitleValuation
ShareTweetShare
Previous Post

rewrite this title My favorite open-ear headphones are on sale for spring

Next Post

rewrite this title Lagrange Strikes a Deal with Matter Labs to Direct Up to 75% of Outsourced Proofs – Crypto-News.net

Next Post
rewrite this title Lagrange Strikes a Deal with Matter Labs to Direct Up to 75% of Outsourced Proofs – Crypto-News.net

rewrite this title Lagrange Strikes a Deal with Matter Labs to Direct Up to 75% of Outsourced Proofs - Crypto-News.net

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title Haliey Welch Breaks Silence on Hawk Tuah Coin Collapse

rewrite this title Haliey Welch Breaks Silence on Hawk Tuah Coin Collapse

May 6, 2025
Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

August 13, 2024
rewrite this title What Are Energy-Efficient Windows? Cost, Certification and How to Choose – NerdWallet

rewrite this title What Are Energy-Efficient Windows? Cost, Certification and How to Choose – NerdWallet

April 1, 2025
rewrite this title with good SEO Spar Supermarket In Switzerland Starts Accepting Bitcoin

rewrite this title with good SEO Spar Supermarket In Switzerland Starts Accepting Bitcoin

April 18, 2025
Tech companies are interested in nuclear power, but some utilities are blocking their progress.

Tech companies are interested in nuclear power, but some utilities are blocking their progress.

August 10, 2024
Why iPhones May Get More Expensive Amid Trump Tariffs

Why iPhones May Get More Expensive Amid Trump Tariffs

April 11, 2025
rewrite this title Jade Cargill breaks silence after failing to qualify for women’s Money in the Bank

rewrite this title Jade Cargill breaks silence after failing to qualify for women’s Money in the Bank

June 1, 2025
rewrite this title and make it good for SEOFPIs infuse Rs 19,860 cr in equities in May on strong domestic fundamentals, global eco indicators

rewrite this title and make it good for SEOFPIs infuse Rs 19,860 cr in equities in May on strong domestic fundamentals, global eco indicators

June 1, 2025
rewrite this title Ethereum Climbs In Key Channel After Triple Consolidation Setup | Bitcoinist.com

rewrite this title Ethereum Climbs In Key Channel After Triple Consolidation Setup | Bitcoinist.com

June 1, 2025
rewrite this title In Da Anti-Clemency Club: No Sean “Diddy” Combs Pardon From Trump, 50 Cent Vows

rewrite this title In Da Anti-Clemency Club: No Sean “Diddy” Combs Pardon From Trump, 50 Cent Vows

May 31, 2025
rewrite this title with good SEO Tron (TRX) Future Retail Activity Indicates More Gains Ahead – Analyst

rewrite this title with good SEO Tron (TRX) Future Retail Activity Indicates More Gains Ahead – Analyst

May 31, 2025
rewrite this title Bitcoin Price Trend Above 0,000: The Good News And The Bad News

rewrite this title Bitcoin Price Trend Above $100,000: The Good News And The Bad News

May 31, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.