NOW Insurance is a data-driven, AI-powered insurtech built to modernize medical professional liability insurance for physicians and healthcare providers. The company leverages predictive analytics and machine learning to streamline underwriting and create customizable, affordable coverage options. NOW offers a full-stack platform that converts complex insurance processes into frictionless customer experiences and is introducing a new broker portal for online submission and binding of medical malpractice coverage. Proceeds from the recent capital raise will be used to launch a new suite of medical malpractice products, scale the platform, and expand distribution networks. NOW Insurance was founded in 2019 by Philip Cabaud, who serves as CEO, and is headquartered in San Francisco. The company has also entered a managing general agent partnership with Arch Insurance North America as part of the agreement. NOW Insurance is a full-stack, AI-enabled commercial insurance platform that uses machine learning and best-in-class risk selection to match small businesses, health care practitioners and other professionals with coverage. The platform offers general liability, professional liability and cybersecurity insurance and plans to expand into other coverage areas. NOW provides real-time quotes and a streamlined application experience to customize coverage to exact needs. The company is backed by Lloyd’s of London and was founded in 2019 by insurance veteran Philip Cabaud. With the latest funding, NOW plans to further invest in its machine learning algorithms, expand its software engineering team, and continue developing its products and services for small businesses and professionals.

Total raised

$1M

Funding rounds

2

Latest round

Seed

Latest activity

Dec 2020