EXCLUSIVE: Janover Dives into Insurance Market with AI-Driven Janover Insurance Group, Taps Tyler Schapiro as Consultant

Janover Inc JNVR announced today that it has launched a new insurtech as a wholly owned subsidiary, Janover Insurance Group. 

What Happened? Janover said this new venture will likely integrate with Janover's generative AI applications and directly plug into its industry-leading marketing funnel. 

Why Does It Matter? By leveraging Janover's marketing funnel, which has over 88 million annual impressions on Google, Janover Insurance Group will likely immediately gain broad distribution and enhance operational efficiencies, the company said. 

Janover Insurance Group aims to transform the landscape of commercial property insurance by applying generative AI and its unique access to data on the commercial property market. 

Also Read: EXCLUSIVE: Janover Expands Fintech Frontier With Acquisition Of Groundbreaker Technologies, Bolstering SaaS Offerings in Real Estate

Initially focusing on multifamily and commercial property insurance, the subsidiary plans to expand its services to include Small and Medium Business ("SMB") clients as it scales. 

Blake Janover, Chairman and CEO of Janover, said, "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."

To bolster its expertise, Janover has engaged Tyler Schapiro, CEO of Flagler Insurance, as a strategic advisor for its commercial insurance arm. Mr. Schapiro brings nearly a decade of industry experience, including a proven track record in leading insurance agencies and executing rollup strategies.

Price Action: JNVR shares closed higher by 1.92% at $1.06 on Friday.