NEXT Insurance, a digital insurtech specialising in small businesses, has secured an A+ Superior rating and an AA Superior long-term rating from credit rating agency, AM Best.
Founded in 2016 to close the protection gap for small business owners, NEXT combines insurance expertise with a digital-first model to deliver fast, affordable, and tailored protection to business owners.
The rating also reflects how NEXT’s advanced technology is laying the groundwork for sustainable growth that benefits customers, explained AM Best.
The upgraded rating follows NEXT’s full acquisition by ERGO Group AG, the primary insurance arm of Munich Re, in March 2025.
Teodora Gouneva, Chief Financial Officer, NEXT, commented, “Achieving an A+ rating from AM Best is a landmark moment for our team and the entrepreneurs we serve. 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.”
Tim McDermott, Director of Insurance Product Management, NEXT, added, “Small businesses are the backbone of the economy, and NEXT is proud to support nearly 750,000 entrepreneurs.
“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.”
In the last year, the company expanded its Business Owners’ Policy to 41 states including New York and Texas, launched multi-location workers’ compensation coverage, and introduced standalone Professional Liability coverage tailored to consultants.
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