Nirvana Insurance announces new top tier reinsurers and doubling of capacity

“We’re excited that some of the largest names in the industry have seen what we’re accomplishing and are eager to be a part of modernizing commercial insurance. It’s a testament to our innovation and our ability to provide ultra-competitive rates while maintaining best-in-class loss ratios,”

Rushil Goel, Nirvana CEO.

“As we secure top-tier reinsurers and expand our capabilities, we’re looking forward to further opportunities to transform the commercial insurance landscape.”

Rushil Goel, Nirvana CEO.

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We were able to grow so dramatically because of our ability to deeply understand the true risk profile of each fleet,combined with the partnership of our world-class network of agencies and brokers.

“Given the current market environment in Commercial Auto, programs are experiencing the strictest reinsurance underwritingrequirements in recent history,” said Justin Ward, Head of Production for North America Programs with Gallagher Re.“Reinsurers are seeking to partner with the most disciplined underwriting teams—those who demonstrate an extreme depthof knowledge in their space and proactively utilize industry-leading tools and metrics to assess risk.The Nirvana team has aligned with these underwriting requirements, and as a result, has garnered distinguished tractionin the marketplace.”

Driven by AI, telematics, and computer vision, our mission is to bring new data-led insights to the dynamic landscapeof commercial trucking underwriting—passing along both savings and AI-powered safety insights to fleets across the US.

This reinsurance milestone builds on several major developments, including a successfulSeries B raise last year, the recent launch of a Non-fleet programwith SiriusPoint, and the expansion of our appetite to include Heavy Haul operations.Nirvana now operates in 26 states.

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