PALO ALTO, Calif., March 9, 2022 /PRNewswire/ — NEXT Insurance coverage, a number one digital insurtech firm reworking small enterprise insurance coverage, right now introduced the appointment of Jennifer Lawrence as the corporate’s first Basic Counsel. On this function, Lawrence will leverage her distinctive expertise in the private and non-private sectors to assist NEXT successfully handle danger as the corporate continues to develop and broaden to cowl extra companies.
Lawrence joins NEXT after 4 years as Chief Authorized Officer and Basic Counsel at Noblr, a private auto insurtech not too long ago acquired by USAA, the place she created and oversaw the corporate’s authorized, regulatory and authorities affairs groups. Earlier than Noblr, she was Basic Counsel for the PURE Group of Insurance coverage Corporations, and in addition OneBeacon Insurance coverage Group, the place she helped information the corporate by means of its IPO.
“Jennifer is keen about making a stronger relationship between the client and their insurance coverage firm so as to assist entrepreneurs thrive,” mentioned Man Goldstein, CEO and co-founder of NEXT. “Her deep experience in insurance coverage and authorities coverage makes her a uniquely certified chief to assist NEXT scale our enterprise and proceed our objective of changing into the primary small enterprise insurance coverage supplier within the U.S.”
Lawrence is an lively supporter of girls in management. She is a founding member of the Boston chapter of Chief, a membership group targeted on connecting and supporting ladies government leaders. At Noblr, she was the founder and Govt Sponsor of the Ladies in Management Group geared toward creating equal illustration of women and men throughout all ranges on the firm. Her ardour for nurturing ladies in insurance coverage and insurtech firms is especially essential, as McKinsey discovered that whereas insurance coverage fares comparatively effectively for feminine illustration on the entry stage (57 %), it drops considerably to only 18 % of the SVP stage.
“I’m so excited to hitch NEXT’s various management group. Its unbelievable progress reveals that small companies have been underserved by conventional insurance coverage carriers, and there’s actual alternative for firms to raised perceive the complexities of their companies and supply higher reasonably priced options,” Lawrence mentioned. “My actual ardour is for the policyholder. NEXT is dedicated to altering the narrative round insurance coverage and making the expertise smarter and simpler for small companies, and I am thrilled to be a part of the group making that imaginative and prescient into actuality.”
Along with her work for insurance coverage firms, Lawrence has expertise serving the general public. She served as an Assistant Cupboard Secretary to the previous Governor of the Commonwealth of Massachusetts, the place she oversaw businesses together with the Division of Insurance coverage, Division of Banks and the Workplace of Worldwide Commerce and Funding.
Lawrence has served on a number of Boards of Administrators within the monetary companies trade together with property casualty insurance coverage firms. Jennifer has a B.A. from Columbia College and holds a J.D. from Boston College Faculty of Legislation and an M.B.A. from Boston College Faculty of Administration.
She is the newest lady to hitch NEXT’s rising management group. Chief Monetary Officer Teodora Gouneva joined the corporate in January after one other yr of milestones for the 6-year-old firm: NEXT tripled its gross written premium final yr – reaching a $650 million run price – and kicked off 2022 with the launch of a brand new cell app.
About NEXT Insurance coverage:
NEXT Insurance coverage is reworking small enterprise insurance coverage with easy, digital and reasonably priced protection tailor-made to the self-employed. Trusted by 300K enterprise homeowners, NEXT provides insurance policies which can be simple to purchase in 10 minutes or much less and gives 24/7 entry to Stay Certificates of Insurance coverage, Further Insured, and extra, with no additional charges. Revolutionizing a traditionally sophisticated insurance coverage trade, NEXT makes use of AI and machine studying to simplify the buying course of and supply extra reasonably priced protection. Based in 2016, the corporate is headquartered in Palo Alto, has acquired a complete of $881 million in enterprise capital funding, is rated “A- Glorious” by AM Greatest and has been acknowledged by Forbes Fintech 50, Inc.’s Greatest-Led Corporations, and Forbes Greatest StartUp Employers. For extra info go to NEXTInsurance.com. Keep updated on the newest with NEXT on Twitter, LinkedIn, Fb and our weblog.
Kerry Ogata
Head of Company Communications
NEXT Insurance coverage
[email protected]
301-717-4224
SOURCE NEXT Insurance coverage