Mandl Launches to Rebuild the Full Engine of Commercial Insurance with AI
Key Highlights
- ➤Mandl launches AI company to rebuild the commercial insurance value chain
- ➤Nirvana exceeds $300 million in run-rate premium with top-tier loss ratio performance
- ➤Vega delivers claims cycle times four times faster than industry standard
- ➤Rushil Goel previously scaled Samsara’s Connected Fleets platform above $500 million annual revenue
- ➤Jon Hammer named Nirvana CEO as Goel becomes chairman
Expert Statements
Rushil Goel, Founder and CEO of Mandl
“Insurance is the quiet force that lets ambition outrun risk, and there’s an incredible opportunity to rebuild it for the millions of businesses that depend on it”
Rushil Goel, Founder and CEO of Mandl
“We've already proven that an AI-native model works across underwriting, claims, and operations to improve how businesses price risk, recover from losses, and get coverage that fits. Launching Mandl is the natural next step.”
Rushil Goel, Founder and CEO of Mandl
“Building on Nirvana’s success and original innovation, we created and launched Vega to reimagine claims with AI, and are already delivering cycle times four times faster than the industry standard. Similarly, we created and launched Cooper to bring an AI-native operations platform to the market, with a mission to make every insurance professional extraordinary.”
Jon Hammer, CEO of Nirvana
“Commercial insurance still prices most businesses by category and averages, the same way it has for decades”
Jon Hammer, CEO of Nirvana
“We built Nirvana to understand risk better than anyone else, so every business pays for how it actually operates. Put simply, the best operators should pay the least, and with Nirvana, they finally can.”
Alex Carges, Cofounder and Chief Actuary of Nirvana
“Actuarial work has always been about turning uncertainty into a price”
Alex Carges, Cofounder and Chief Actuary of Nirvana
“The data and models we've built at Nirvana let us do that with a precision the industry hasn't had before. That's what lets us say yes to good businesses that traditional underwriting would turn away.”
Talha Zubair, Cofounder and CEO of Vega
“Businesses don't buy insurance for the policy, they buy it for the moment something goes wrong”
Talha Zubair, Cofounder and CEO of Vega
“Vega makes that moment fast and fair, resolving claims in a fraction of the time legacy administrators take. As part of Mandl, we can finally make that the standard across the industry.”
Akhilesh Koppineni, Cofounder and CEO of Cooper
“Insurance professionals lose hours every day to work that AI should handle”
Akhilesh Koppineni, Cofounder and CEO of Cooper
“Cooper gives those hours back, so agencies, brokerages, MGAs, and carriers can focus on their clients and on growing their business. Every customer that runs on Cooper is proof the industry is ready to work differently.”
SAN FRANCISCO and SCOTTSDALE, Ariz., Oct. 19, 2026 (GLOBE NEWSWIRE) -- Mandl, a new AI company, launched today to rebuild the full engine of commercial insurance from the inside out and, with it, advance economic ambition and abundance. The announcement was made by former Samsara (NYSE: IOT) executive and Mandl CEO Rushil Goel at the 2026 Target Markets TMPAA Summit, a flagship annual gathering of program administrators and managing general agents (MGAs).
"Insurance is the quiet force that lets ambition outrun risk, and there’s an incredible opportunity to rebuild it for the millions of businesses that depend on it," said Rushil Goel, founder and CEO of Mandl. "We've already proven that an AI-native model works across underwriting, claims, and operations to improve how businesses price risk, recover from losses, and get coverage that fits. Launching Mandl is the natural next step.”
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