PALO ALTO, Calif., March 9, 2022 /PRNewswire/ — NEXT Insurance coverage, a number one digital insurtech firm reworking small enterprise insurance coverage, at the moment introduced the appointment of Jennifer Lawrence as the corporate’s first Common Counsel. On this position, Lawrence will leverage her distinctive expertise in the private and non-private sectors to assist NEXT successfully handle threat as the corporate continues to develop and broaden to cowl extra companies.
Lawrence joins NEXT after 4 years as Chief Authorized Officer and Common 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 Common Counsel for the PURE Group of Insurance coverage Firms, and in addition OneBeacon Insurance coverage Group, the place she helped information the corporate by its IPO.
“Jennifer is enthusiastic about making a stronger relationship between the client and their insurance coverage firm with a purpose to assist entrepreneurs thrive,” stated 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 aim of changing into the primary small enterprise insurance coverage supplier within the U.S.“
Lawrence is an energetic supporter of ladies in management. She is a founding member of the Boston chapter of Chief, a membership group centered on connecting and supporting ladies govt leaders. At Noblr, she was the founder and Govt Sponsor of the Girls 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 vital, as McKinsey discovered that whereas insurance coverage fares comparatively nicely for feminine illustration on the entry degree (57 %), it drops considerably to simply 18 % of the SVP degree.
“I’m so excited to affix NEXT’s various management staff. Its unimaginable development exhibits 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 stated. “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 staff 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 companies 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 College of Regulation and an M.B.A. from Boston College College of Administration.
She is the newest lady to affix NEXT’s rising management staff. Chief Monetary Officer Teodora Gounevajoined 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 gives insurance policies which can be simple to purchase in 10 minutes or much less and offers 24/7 entry to Dwell 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 obtained a complete of $881 million in enterprise capital funding, is rated “A- Glorious” by AM Finest and has been acknowledged by Forbes Fintech 50, Inc.’s Finest-Led Firms, and Forbes Finest StartUp Employers. For extra data 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
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