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Copilot, unveiled by NEXT Insurance, is transforming the way agents work with small businesses.

April 04, 2024
2 Min Reads

One of the earliest companies in the FinTech space, NEXT Insurance focuses on providing small businesses with all-inclusive, digitally-first insurance products. With its Palo Alto headquarters and sophisticated technologies, NEXT Insurance, which was founded in 2016, has completely changed the small business insurance market.

NEXT Insurance's launch of Copilot responds to the urgent demand for insurance brokers to boost productivity and profitability. Agents need technologies like Copilot that expedite the quoting and binding process, remove underwriting delays, and enable more profitable engagements with small micro firms because they operate on thin margins and manage various duties.

 

By providing plans that are not only simple to buy but also reasonably priced and customized to fit the particular requirements of independent contractors, NEXT Insurance is committed to reinventing small business insurance. NEXT uses artificial intelligence (AI) and machine learning to streamline the insurance purchasing process, increasing accessibility for over 500,000 business owners across a range of industries. This strategy has been acknowledged by esteemed organizations like Forbes Fintech 50 and CNBC Disruptor 50.

 

The newest creation from NEXT Insurance, Copilot, is an effective tool for insurance agents. It makes it possible for them to effectively provide tiny microbusinesses with tailored insurance coverage. Without the customary underwriting delays, agents can issue estimates and complete policies online around-the-clock using a personalized quoting link created via NEXT's agent portal. Because of this flexibility, agents can continue to get conventional commissions while customizing the buying experience to fit their unique selling strategy.

 

Copilot improves the agent's capacity to provide clients with efficient service in addition to streamlining the quotation process. Agents can offer prospective clients a smooth self-service experience by promoting their exclusive quoting link via email, social media, and their websites, among other means. For clients and agents alike, the ability to see a quote prior to policy binding provides an additional degree of comfort.

 

Kimberly Silkes, vice president of finance management at InsuranceBee, stated. For our agents, NEXT's Copilot solution has changed the game, making it simple to support the independent contractors, freelancers, and small enterprises that we work with.

 

Like NEXT, we at InsuranceBee are committed to provide our customers with quick, convenient, and reasonably priced coverage. We also recognize the difficulties that come with managing a business. Copilot eliminates laborious stages with a single click and gives agents the freedom to tailor the buying experience to their unique selling proposition.

 

Jack Ramsey, Vice President of Agent Business at NEXT Insurance, stated. It can be difficult for agents to handle several quote inquiries, and it can take time to get customer information quickly.

 

"NEXT's Copilot is a special tool that helps our partner agents stand out from the competition and provide tiny micro enterprises with a flawless self-serve quote experience. Copilot benefits both parties by freeing up agency workers to concentrate on more intricate sales and bringing up new revenue streams.

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