small commercial underwriting

AI-native US small-commercial insurance carrier, now ERGO NEXT, selling general liability, workers' compensation, commercial auto, professional liability and BOP directly to small businesses through a fully digital quote-bind-manage flow. Acquired by Munich Re's ERGO in July 2025 for $2.6 billion in the largest insurtech P&C deal on record.

traction

2/5

maturity

4/5

coverage

2/5

recognition

3/5

US small-commercial digital MGA and broker platform serving agents with instant-quote BOP, workers' compensation, general liability, professional liability and excess policies in all 50 states. Originally a 2016 joint venture of AIG, Hamilton Insurance Group and Two Sigma — not Hartford — now a wholly owned subsidiary of Pinnacol Assurance via its digital MGA arm Cake Insure, after Coalition acquired Attune in October 2021 and resold it in January 2023.

traction

2/5

maturity

4/5

coverage

2/5

recognition

2/5

AI-native US small-commercial carrier writing workers' compensation as its primary line, with proprietary underwriting and pricing technology built to quote small businesses in minutes through independent agents.

traction

2/5

maturity

3/5

coverage

2/5

recognition

2/5