Registry

Does Next Insurance support Israel?

Business presence documentedupdated 2026-09-26

Next Insurance does business in Israel — we found records of its operations there, but no record of donations, aid, or a public statement of support. Every claim below links to its source.

Filed under: Banks & financial companies · Tech companies · Companies that support Israel

Background

Next Insurance appears here as an Israeli-founded insurtech with a real Israeli engineering base in Kfar Saba, not because of any donation — we found none. The company sells almost entirely to American small businesses and its corporate seat is in Palo Alto, so it is easy to read it as a purely US business; the founders, the development centre and the Israeli shareholder base are the substantive Israeli connection. Since the March 2025 agreement with Munich Re's ERGO Group the ultimate owner has been German, which does not remove the Israeli operations but does mean that decisions about future giving or public positions rest with a German parent. We found no public statement by Next Insurance about the war that began on 7 October 2023, and no charitable or in-kind action towards Israeli organisations that meets this site's sourcing standard.

CTech (Calcalist, Mar 2025) Ynetnews (Mar 2025)

Timeline of documented records

201620182020202220242016 — Operations in Israel: State of Israel (employment, taxes, technology ecosystem)Operations in Israel20162023-11 — Investment / program: Next Insurance itself (Israeli-founded; development centre in Kfar Saba)Investment / program2023-112025-03 — Acquisition: Munich Re's ERGO Group (buyer); Next Insurance's Israeli founders and shareholders (sellers)Acquisition2025-03

Documented records

TypeDateAmountRecipientSources
Operations in Israel2016—State of Israel (employment, taxes, technology ecosystem)
Israeli-founded company with an Israeli engineering base: Next Insurance was founded in 2016 by three Israeli entrepreneurs — Guy Goldstein (CEO), Nissim Tapiro and Alon Huri, who had previously worked together at Check Point — to sell small-business insurance online in the United States. The corporate headquarters is in Palo Alto, California, but the company's development centre is in Kfar Saba, Israel, and Israeli business media have consistently described it as an Israeli company since its early funding rounds. The relationship recorded here is economic — Israeli jobs, salaries and taxes — not a donation. When the sale to ERGO was announced in March 2025 the company employed about 700 people, roughly 200 of them in its Israeli offices.
Investment / program2023-11-01—Next Insurance itself (Israeli-founded; development centre in Kfar Saba)
On 1 November 2023 Next Insurance announced a $265 million funding round — the largest in its history, bringing the total it has raised since 2016 to about $1.1 billion. Co-founder Alon Huri told CTech the round had been completed before the war broke out on 7 October 2023. The investors are foreign insurers: Allstate of the United States and Allianz of Germany, which invested through its Allianz X arm. Allstate's investment is strategic: it agreed to sell Next's policies on its own platform, and a joint commercial auto insurance product was expected. The round carried no debt component and the whole sum went into the company for business expansion. The money therefore flows towards an Israeli-founded company whose development centre is in Kfar Saba, but the actors are the investors, not Next Insurance, and nothing in it is a donation or a gift to an Israeli organisation. The company published no valuation — Calcalist reported it unchanged from early 2021 at $4 billion, while TheMarker estimated about $2.7 billion — so no valuation is stated here as fact.
Acquisition2025-03-20—Munich Re's ERGO Group (buyer); Next Insurance's Israeli founders and shareholders (sellers)
In March 2025 the German reinsurer Munich Re, through its ERGO Group, agreed to acquire Next Insurance in an all-cash deal valuing the company at about $2.6 billion — one of the larger exits for an Israeli-founded company that year. Munich Re was already an investor, having put $250 million into the company in October 2019. The buyer is German; the sellers include the Israeli founders and Israeli employee shareholders, and the Kfar Saba development centre was part of what was bought. Recorded here as a transaction affecting an Israeli-founded business, not as a gift to any organisation. ERGO already held about 29% of Next Insurance before the deal, so the cash that actually changed hands was smaller than the headline $2.6 billion: CTech reported both that the $2.6 billion was the value of the whole company and, later, that it was the price of the remaining 71%, so no single figure for the sum paid is established here.

Frequently asked questions

Did Next Insurance donate money to Israel or Israeli causes?

We have no records of donations. What is on record is commercial activity in Israel (Operations in Israel, Investment / program, Acquisition), which is not the same as support — see the records on this page.

Where does this information come from?

Every record on this page links to its source — news reports, official company statements, tax filings, or government records. 7 distinct sources are cited for Next Insurance. Our methodology page explains the full verification process.

Sources & citations

Record last updated: 2026-09-26

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