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Israeli Unicorn Next Insurance acquires Juniper Labs
WIth a valuation north of $2B, Israeli startup Next Insurance adds the American company s unique machine-learning and open data capabilities. Yaneev Avital /
Israeli Insurtech Unicorn
Next Insurance announced the acquisition of U.S. startup
Juniper Labs, which was founded last year and leverages machine-learning and open data for the insurance sector.
Making complex data accessible
Juniper Labs provides better risk transparency by leveraging open data and machine learning to build tools for streamlined data collection and automated underwriting. Using natural language processing (NLP),
Juniper Labs blends fragmented data sources and unstructured content to provide more structured insights that strengthen the confidence and predictive power of their models, ultimately allowing for more precise risk assessment and a simplified customer experience.
Next Insurance Buys Data Firm Juniper Labs to Enhance Workers’ Compensation Offering
Digital small business insurer Next Insurance has closed its first acquisition, buying Juniper Labs, a Denver-based provider of data and underwriting technology.
With the acquisition, Next said it will focus on innovation in workers’ compensation and general liability product offerings through the use of machine learning technology.
Next’s acquisition announcement comes less than three months after it expanded its workers’ compensation offering into 24 additional states, bringing the total number to 30.
“This strategic acquisition of Juniper Labs’ technology and expertise in workers’ compensation will deepen our investments in relevant technologies such as machine learning, which will help scale pricing and decision making,” said Sofya Pogreb, Next Insurance chief operating officer, in prepared remarks.
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Next Insurance Acquires Juniper Labs
The company s first acquisition will further innovation in workers compensation and general liability product offerings through advanced machine learning capabilities
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PALO ALTO, Calif., Dec. 10, 2020 /PRNewswire/
Next Insurance, the leading digital insurtech company transforming small business insurance, today announced that it has completed the purchase of Juniper Labs, an innovative provider of alternative open data and underwriting technology focused on small businesses. Together, Next Insurance and Juniper Labs will continue to develop enhanced machine-learning capabilities and tools to strengthen the omni-channel customer experience. This is Next Insurance s first acquisition and follows the close of its