Next Insurance Reports Exponential Growth in First Half of 2018
The Silicon Valley startup that uses AI algorithms to offer customized coverage to small businesses forecasts annual run rate of $22 million, up from $3 million last year
Meir Orbach | 12:09 12.08.2018
Next Insurance Inc., a Silicon Valley startup that offers customized coverage to small businesses, has published an announcement about its financials for the first half of 2018 on Thursday. The company reported annual written premium run rate of $22 million, up from $3 million for the same period last year. The annual written premium run rate is the volume of written insurance premiums the company estimates it would sell for the year, based on monthly performance. According to Next Insurance, it is the primary measure of growth the company reports to its investors.