NEXT Insurance unveils Copilot: Revolutionising the way agents serve micro businesses

NEXT Insurance unveils Copilot: Revolutionising the way agents serve micro businesses

NEXT Insurance, a pioneer in the FinTech sector, specializes in delivering comprehensive, digital-first insurance solutions tailored for small businesses. Founded in 2016 and headquartered in Palo Alto, NEXT Insurance has transformed the small business insurance landscape through innovative technology and customer-centric services.

The introduction of Copilot by NEXT Insurance addresses the critical need for insurance agents to increase operational efficiency and profitability. Operating with slim margins and managing multiple responsibilities, agents require solutions like Copilot that streamline the quoting and binding process, eliminating underwriting delays and enabling more profitable engagements with small micro businesses.

NEXT Insurance is dedicated to redefining small business insurance by offering policies that are not only easy to purchase but also affordable and tailored to meet the unique needs of the self-employed. By leveraging AI and machine learning, NEXT simplifies the insurance buying process, making it more accessible to over 500,000 business owners across various industries. This approach has garnered recognition from prestigious entities such as CNBC Disruptor 50, Forbes Fintech 50, and more.

Copilot, the latest innovation from NEXT Insurance, serves as a powerful tool for insurance agents. It enables them to offer customized insurance policies to small micro businesses efficiently. Through a personalized quoting link generated via NEXT’s agent portal, agents can provide quotes and finalize policies online 24/7, without traditional underwriting delays. This flexibility allows agents to adapt the purchasing experience to their unique selling approach while continuing to earn standard commissions.

Copilot not only streamlines the quotation process but also enhances the agent’s ability to serve clients effectively. Agents can promote their unique quoting link through various channels, including email, social media, and their websites, facilitating a seamless self-service experience for prospective clients. The option for a quote review before policy binding further adds a layer of assurance for both agents and clients.

InsuranceBee Vice President of Finance Management Kimberly Silkes said. “NEXT’s Copilot offering has been a game-changer for our agents, allowing us to effortlessly serve the small businesses, freelancers, and independent contractors we support.

“At InsuranceBee, we understand the challenges of running a business, and like NEXT, we are dedicated to delivering fast, affordable, and convenient coverage to our clients. With just a simple click, Copilot eliminates time-consuming steps while providing agents the flexibility to customize the purchasing experience according to their unique selling approach.”

NEXT Insurance Vice President of Agent Business Jack Ramsey said. “Agents often face the challenge of managing multiple quoting requests, and obtaining client information in a timely manner can be time-consuming.

“NEXT’s Copilot is a unique tool for our partner agents, enabling them to differentiate themselves and better serve small micro businesses with a seamless self-serve quoting experience. Copilot is a win-win, allowing agency staff to focus on more complex sales while opening new revenue streams with no additional burden.”

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