Janover Inc., an AI-enabled platform for commercial real estate transactions, has launched a new insurtech as a wholly owned subsidiary – Janover Insurance Group.
According to the announcement, this new venture is set to seamlessly integrate with Janover’s generative AI applications and directly plug into its marketing funnel.
In a statement, the company explained that Janover Insurance Group “aims to transform the landscape of commercial property insurance through the application of generative AI and its unique access to data on the commercial property market.”
The subsidiary will initially focus on multifamily and commercial property insurance, but there are plans for it to expand its services to include Small and Medium Business (SMB) clients as it expands further.
In addition, Janover confirmed that it has engaged Tyler Schapiro, CEO of Flagler Insurance, as a strategic advisor for its commercial insurance arm.
An experienced veteran across the sector, Schapiro brings nearly a decade of industry expertise including a solid track record in leading insurance agencies and executing roll-up strategies.
Blake Janover, Chairman and CEO of Janover Inc, commented: “Our entrance into insurtech with Janover Insurance Group signifies a pivotal step on our ongoing journey to improve financial services for commercial real estate and SMB enterprises by building best in class, tech first solutions where they are most needed.
“We believe that this specialized insurtech arm is the ideal product to add to our ecosystem as it solves a meaningful pain point in the market and leverages technology and systems we’ve already built. Our expertise in the practical application of generative AI and building marketplaces, combined with our robust marketing capabilities, positions us uniquely to redefine the commercial insurance space and offer unparalleled service to our clients. It further creates an end-to-end tech-first financial services firm for our customers; further enhancing our revenue with recurring, predictable income. By strengthening our financial foundation, we will be able to better service our customers as we continue to scale.”
Adding: “The addition of Mr. Schapiro is a testament to our commitment to excellence and to surrounding ourselves with industry leaders. His experience executing on rollups, hiring and insights will be invaluable as we navigate this exciting new chapter in our journey.”
