NEXT Insurance Earns A+ Financial Strength Rating from AM Best, Approaches 750,000 Small Business Customers Post-ERGO Acquisition

NEXT Insurance has earned an A+ (Superior) Financial Strength Rating and an aa (Superior) Long-Term Issuer Credit Rating from AM Best, marking a significant milestone for the digital insurtech company. The achievement comes as NEXT approaches 750,000 small business customers nationwide. AM Best, the world’s leading credit rating agency for the insurance industry, recognizes the financial stability and long-term viability of insurers. NEXT’s A+ rating places it among the top-tier carriers and reflects its strong financial foundation, supported by its integration into the Munich Reinsurance Company group. This affiliation underscores NEXT’s ability to deliver reliable, scalable coverage to small business owners across diverse industries. Teodora Gouneva, Chief Financial Officer of NEXT, said the rating is a landmark achievement. “Being included in Munich Re Group’s A+ rating from AM Best is a landmark moment for our team and the entrepreneurs we serve,” she said. “This rating 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 recognition follows NEXT’s full acquisition by ERGO, the primary insurance company of Munich Re, completed in 2025. Since the acquisition, NEXT has accelerated its growth, expanding its reach across key sectors such as professional services, hospitality, retail, and construction. The company now supports over 1,300 professions and continues to grow rapidly. NEXT’s digital-first approach combines advanced technology with personalized service to deliver fast, affordable, and tailored insurance solutions. Its proprietary platform enables instant quotes, streamlined underwriting, and dynamic risk assessments that adapt to the unique needs of each business. With support from trusted agents and advisors, NEXT ensures small business owners receive timely, relevant coverage without unnecessary complexity. Tim McDermott, Director of Insurance Product Management at NEXT, said the milestone reflects the trust entrepreneurs place in the company. “Small businesses are the backbone of the economy, and NEXT is proud to support nearly 750,000 entrepreneurs,” he said. “Our mission has always been to make insurance simple and affordable so business owners can focus on running their companies with confidence. This milestone inspires us to keep innovating.” In the past year, NEXT expanded its Business Owners’ Policy to 41 states, including New York and Texas, launched multi-location workers’ compensation coverage, and introduced standalone Professional Liability insurance for consultants. The company also rolled out new digital tools like ACH Payments, Coverage Builder, and Agent Copilot to enhance efficiency for business owners, agents, and partners. NEXT Insurance continues to strengthen its position as a trusted partner in the small business ecosystem, leveraging technology and strategic partnerships to drive innovation and accessibility. For more information, visit www.nextinsurance.com. Follow NEXT on LinkedIn, Facebook, and its blog for updates.