small business insurance market News

Direct Sales of Small Business Insurance Poised to Grow to $12B by 2025: Novarica

Over the past decade, selling small commercial insurance directly online to customers has gone from an outlandish idea to a reality. In a new report, research and advisory firm Novarica projects significant growth in the market as insurtechs and major …

Berkshire Hathaway’s New ‘THREE’ Policy Seeks to Simplify Small Business Insurance

Berkshire Hathaway’s Insurance Group has launched a comprehensive insurance product for small businesses that combines multiple coverages, and the conglomerate’s legendary chairman has endorsed it. The product, dubbed THREE, is three-pages long, and combines coverage for workers compensation, multiple liability …

Lowell Joins The Hartford to Head Small Business Innovation Lab

The Hartford has appointed Christopher Lowell to lead its Small Business Innovation Lab, which will design and test new products and business models to meet the needs of The Hartford’s small business customers. “The lab is part of the company’s …

Nationwide Invests in Online Business Financing Startup BlueVine

Nationwide said it is making a new venture-capital investment in BlueVine, a provider of online working capital financing for small- and medium-sized businesses. The BlueVine announcement is part of Nationwide’s commitment to invest more than $100 million of venture capital …

Could Allstate’s ‘5 Minute’ Small Business Policy Transform Commercial Lines Sales?

At a time when technology startups are also targeting the small commercial insurance market, giant Allstate has debuted a hi-tech business insurance quoting platform that it says makes it possible for small business owners to buy a policy in about …