“The complexity of the small business insurance market is very significant and this leads to a situation where even the largest insurance providers own less than 10 percent of the small business market,” founder and CEO Guy Goldstein told TechCrunch when the company raised its Series A.

https://techcrunch.com/2018/07/11/next-insurance-an-insurtech-targeting-small-businesses-scores-83m-series-b-led-by-redpoint/