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Janover's New Insurtech Platform Launches D&O Liability Insurance for Publicly Traded Companies
Janover Janover (US:JNVR) GlobeNewswire News Roomยท2024-07-09 19:30

Core Insights - Janover Inc. has launched a directors and officers (D&O) liability insurance offering through its insurtech subsidiary, Janover Insurance Group, aimed at publicly traded companies [1][3] - The D&O liability insurance is designed to protect board members and executives from personal losses due to lawsuits related to their roles [1] - The introduction of this insurance product aligns with Janover's strategic vision to diversify its services and enhance its market position in commercial real estate and business insurance [3] Company Overview - Janover Inc. operates as an AI-enabled platform focused on commercial real estate transactions, aiming to make the lending market more efficient and accessible [2] - The company connects commercial mortgage borrowers, including owners, operators, and developers of multifamily properties, with various lenders such as small banks, credit unions, and government-backed entities [2] - Janover is targeting a growing segment of small business owners, which represents a significant growth opportunity for the company [2] Strategic Goals - The company aims to transition to recurring and subscription revenues while providing world-class products to its clients [2] - The launch of D&O liability insurance is part of Janover's commitment to meet the evolving needs of the market and provide unmatched value [2][3] - Janover Insurance seeks to become a one-stop-shop for all commercial real estate and business insurance needs, broadening its service offerings to attract a wider range of clients [3]