Next insurance enters partnerships with allstate and allianz x, supported by $265 million strategic investment

Next will provide its products to allstate customers, expanding its footprint to even more small businesses nationwide next and allstate will co-develop innovative and unique commercial auto products to target market of 33 million small businesses deal with allianz re bolsters its reinsurance relationship with a multi-year commitment partnership fuels a new $265 million equity raise from allstate and allianz x to accelerate the company's path to profitability and continue expanding distribution palo alto, calif. , nov. 1, 2023 /prnewswire/ -- next insurance , a leading technology-first small business insurer, today announced its strategic partnership with allstate that will combine the companies' expertise in small business insurance to develop and offer innovative and unique new products to a large underserved market, as well as a commitment to deepening its reinsurance relationship with allianz.
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