Boca Raton, Florida-based Janover Inc. (NASDAQ: JNVR), an AI-enabled platform for commercial real estate transactions, has launched a new insurtech subsidiary called Janover Insurance Group.
According to the company, the new venture will integrate with Janover’s generative AI applications and directly plug into its marketing funnel. The new subsidiary will initially focus on multifamily and commercial property insurance and plans to expand its services to include small and medium business clients.
The company has also contracted Tyler Schapiro, CEO of Flagler Insurance, as a strategic advisor for its commercial insurance arm.
“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,” said Blake Janover, chairman and CEO of Janover Inc. “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.”