Overview
MGT Insurance is an AI-native neo-insurer redefining commercial property and casualty insurance for small businesses and their agents. Co-founded by brothers Graham Topol and Michael Topol, MGT is positioned as the world's first vertically AI-native neo-insurer, using proprietary artificial intelligence throughout underwriting, pricing, claims, and customer interactions. The company writes Business Owners Policies (BOPs) across 43 states and Washington D.C., covering hundreds of business classes, and enables brokers to quote and bind in under 10 minutes. MGT scaled to nearly 30,000 customers and achieved profitability before its second anniversary, then closed a USD 21.6 million oversubscribed Series B in October 2025.