Company
MGT
4 stories · tracked since Oct 16, 2025 · last seen Sep 22, 2026
MGT is a US insurtech that underwrites small commercial insurance using an AI-driven risk assessment model to price business coverage. It positions itself as an AI-native insurer competing on faster, more granular underwriting for small businesses.
Profile compiled by Insurtech Daily from the coverage below.
Most-covered themes
Reported by
Insurance Journal, FinTech Global, Reinsurance News, Business Wire
Funding
1 disclosed round · $21.6M raised · first tracked Oct 16, 2025
| Amount | Stage | Lead investor | Announced | Source |
|---|---|---|---|---|
| $21.6M | Series B | — | Business Wire+2 |
Disclosed rounds only, as reported in the insurtech press — see the funding tracker for what is counted and what isn't, or how this compares in the ranking of the most-funded insurtech companies.
Coverage
-
AI Insurer MGT Expands Its Small Commercial Coverage to California
MGT, a company that calls itself an “AI-native neo-insurer,” is expanding to California to offer small business coverage. The company says its underwriting model allows it to evaluate risk at a fraction of the…
-
MGT raises $21.6m to modernise small business insurance
-
AI-native insurer MGT closes $21.6m Series B funding round
-
AI Neo-Insurer MGT Closes $21.6M Oversubscribed Series B to Redefine Commercial P&C Insurance for Small Businesses