On Tuesday,JanoverIncJNVR announced that it has officially launchedJanover Insurance GroupInc, its newinsurtechsubsidiary for commercial property insurance andmore.
The company also announces it has been granted insurance licenses in Texas and Florida, with multiple applications in progress in several other states.
Our ability to navigate large complex transactions in a marketplace model, particularly in multifamily and commercial property finance, fits perfectly in the insurance brokerage model, said Blake Janover, Chairman and CEO of Janover.
The company saysthat ithas recruited executives to advise Janover Insurance and hired a top-tier manager to oversee operations to facilitate expansion.
Additionally, Janoverhasforged a partnershipwith a wholesale brokerage, expanding its insurance options, with negotiations underway with two others.
The company is developing a comprehensive content strategy to enhance client engagement across its platforms, leveragingits online presence to keep insurance at the forefront of client discussions.
Looking ahead, Janover Insurance anticipates obtaining licenses in additional states, with the ultimate goal of offering national coverage and additional product offerings, said Blake Janover, Chairman and CEO of Janover.
With over 100 million impressions annually on Google and a strong, replicable content strategy, we are committed to embedding insurance into our digital ecosystem, concluded Mr. Janover.
In January, Janover announced the launch of Janover Insurance Group. The company said the new venture will likely integrate with Janovers generative AI applications and directly plug into itsindustry-leading marketing funnel.
Price Action:JNVR shares closed at $1.05 on Monday.Market News and Data brought to you by Benzinga APIs
2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
