Company
MGT
7 stories · tracked since Oct 16, 2025 · last seen Oct 18, 2026
MGT is an AI-native small commercial insurer that uses automated underwriting to write business insurance for small businesses. It also exposes its products to AI assistants through integrations.
Profile compiled by Insurtech Daily from the coverage below.
Most-covered themes
Reported by
Coverager, Insurance Business, 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
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MGT brings products to ChatGPT and Claude
The company enabled access through its Model Context Protocol (MCP) integration, which connects AI assistants to external tools and services.
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Insurance moves: Hartford, Marsh, CRC, MGT and OneShield
The Hartford combines technology with data and AI and names a new risk chief, as Marsh hires Meta’s data centre risk manager
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So what, exactly, is a "neo-insurer"? MGT brings its AI pitch to California
The small commercial carrier says it can write risks legacy players won't touch. Its state filings tell a more familiar story
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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…
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MGT raises $21.6m to modernise small business insurance
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AI-native insurer MGT closes $21.6m Series B funding round
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AI Neo-Insurer MGT Closes $21.6M Oversubscribed Series B to Redefine Commercial P&C Insurance for Small Businesses