Openly's Product Videos
ESPs containing Openly
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The renters insurance market provides protection for individuals who rent their homes. Renters insurance covers personal property and liability, providing financial protection against unforeseen events such as theft, fire, or water damage. While landlords may have insurance that covers the physical structure of the rental property, they do not cover the renters' personal belongings. Renters insura…
Openly's Products & Differentiators
Openly Homeowners Insurnace
H05 insurance product
Expert Collections containing Openly
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Openly is included in 3 Expert Collections, including Real Estate Tech.
Real Estate Tech
Startups in the space cover the residential and commercial real estate space. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and property management, insurance, mortgage, construction, and more.
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest Openly News
Nov 29, 2022
Jersey City, New Jersey, UNITED STATES JERSEY CITY, N.J., Nov. 29, 2022 (GLOBE NEWSWIRE) -- Openly , a growing provider of homeowners insurance, is delivering a modern, simplified customer experience powered by advanced technology and data from Verisk (Nasdaq: VRSK), a leading global data analytics provider. With Verisk’s LightSpeed® for Homeowners platform, Openly is amplifying their data-forward strategy that optimizes the ordering of rating and underwriting information in real time and helps independent agents deliver innovative products and service to homeowners. Openly is leveraging LightSpeed to support its efforts to enhance the quoting process for independent agents, refine underlying models and continue its profitable growth into new states. “With Verisk, the Openly team found an abundance of broad, new and actionable underwriting and rating data to help us drive automation and refine segmentation in risk assessment and pricing,” said Ty Harris, chief executive officer and co-founder of Openly. “These solutions help us build upon a solid and substantial foundation, enhancing our ability to bring tailored coverage options to homeowners across the United States.” Data delivered through Verisk’s LightSpeed platform includes loss history, address-level hazard exposure, fire protection ratings, reconstruction costs, homeowner characteristics, aerial imagery and a range of intelligence on property history and condition. Openly will use this data at point of quote and then across the policy life cycle to track changes—from occupancy details to renovations—that may affect coverages, pricing and eligibility at renewal. “In today’s challenging economy, profitable growth is top of mind for property insurers,” said Doug Caccese, president of risk assessment, underwriting solutions at Verisk. “Our collaboration with Openly is a powerful example of how digitally enabled experiences can help transform the way insurance is bought and sold, even in traditional channels, and ultimately, help improve their bottom line.” Learn more about LightSpeed for Homeowners , which can help deliver a comprehensive view of property risk. About Verisk Verisk (Nasdaq: VRSK) provides data-driven analytic insights and solutions for the insurance and energy industries. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk empowers customers to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud, and make informed decisions about global issues including climate change and extreme events as well as political and ESG topics. With offices in more than 30 countries, Verisk consistently earns certification by Great Place to Work and fosters an inclusive culture where all team members feel they belong. For more, visit Verisk.com and the Verisk Newsroom . About Openly Openly is a Boston-based premium homeowners insurance company. Its centralized platform offers comprehensive coverage using advanced pricing models. Founded by industry veterans in 2017, Openly is dedicated to delivering modern and transparent homeowners insurance and empowering independent agents across America. For more information, visit Openly.com or linkedin.com/openlyinc .
Openly Frequently Asked Questions (FAQ)
When was Openly founded?
Openly was founded in 2017.
Where is Openly's headquarters?
Openly's headquarters is located at 131 Dartmouth Street, Boston.
What is Openly's latest funding round?
Openly's latest funding round is Series D.
How much did Openly raise?
Openly raised a total of $237.77M.
Who are the investors of Openly?
Investors of Openly include Gradient Ventures, Clocktower Technology Ventures, Triniti Capital, Eden Global Partners, Techstars Ventures and 11 more.
Who are Openly's competitors?
Competitors of Openly include Hippo and 5 more.
What products does Openly offer?
Openly's products include Openly Homeowners Insurnace.
Who are Openly's customers?
Customers of Openly include Iroquois , Goosehead Insurance, Agentero, Reliance Risk and Guaranteed Rate.
Compare Openly to Competitors
Branch provides an insurance platform. It delivers auto insurance, renters insurance, umbrella insurance, home insurance, insurance, bundled insurance, and more. The company was founded in 2017 and is based in Columbus, Ohio.
Kin provides a digital insurance service platform. It offers various insurance plans to buy homeowners insurance over the phone without any physical visits. Kin was formerly known as Bright Policy. The company was founded in 2016 and is based in Chicago, Illinois.
State Farm Insurance is an insurance company. It provides insurance for cars, motorcycles, boats, commercial automobiles, and more. The company also provides life, health, and disability insurance. Additionally, it offers banking and investment services such as brokerage. The company was founded in 1922 and is based in Bloomington, Illinois.
Swyfft uses patented analytical methods and unique data sources to more accurately assess the risks to users home and property. In most cases, this enables Swyfft to provide a premium quote in a few seconds using just an address, and it can usually offer a lower premium, too.
Amwins (American Wholesale Insurance Group) is a wholesale distributor of specialty insurance products and services. It specializes in property, casualty, and group benefits products. It also offers value-added services to support these products, including product development, underwriting, premium and claims administration, and actuarial services. The comapny operates in four divisions: brokerage, underwriting, group benefits, and international. It was founded in 1998 and is based in Charlotte, North Carolina.
Kalepa delivers decision-support software to commercial insurance underwriters. Kalepa's AI-powered Copilot enables underwriters to focus their time on the highest ROI opportunities and rapidly evaluate, select, and price risk. By analyzing billions of points of structured and unstructured data, Kalepa's Copilot augments underwriters with insights and recommendations on every risk.