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Draft:Openly

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Openly (insurance)
Company typeHolding
IndustryInsurance
FoundersTy Harris
Matt Wielbut
Headquarters
Boston, Massachusetts
,
United States
Area served
21 States (Alabama, Arizona, Georgia, Illinois, Indiana,Kansas, Kentucky, Maine, Massachusetts, Mississippi, Missouri, New Hampshire, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina,Tennessee,Utah,Wisconsin)
Websiteopenly.com

Openly is a property insurance company headquartered in Boston, Massachusetts. Openly offers homeowner's insurance in 21 states.[1] exclusively through independent insurance agents[2][3][4]. The company uses modern technology, including big data and machine learning, to simplify what is ordinarily an inefficient and highly manual industry.[5][6]

History

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Openly was founded in 2017 by Ty Harris, a former Liberty Mutual executive, and Matt Wielbut a software engineer and former Vice President from Goldman Sachs[7][8][9][10]

In July 2022, Openly completed its purchase of an insurance carrier shell, Openly Insurance Company, licensed in 17 states and based in South Carolina.[11]

References

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  1. ^ Kyoung-son, Song (2022-10-11). "InsurTech Openly expands coverage to South Carolina". Inside P&C. Retrieved 2023-02-08.(subscription required)
  2. ^ Anirudh, Singh (2021-05-02). "Openly CEO and Co-Founder Ty Harris — Bending the Insurance Curve". Wharton Fintech Podcast (Podcast). Retrieved 8 February 2023.
  3. ^ Jennifer Gimbel (2022-12-28). "Openly home insurance review: Customizable coverage for high-value homes". Policygenius. Retrieved 2023-02-06.
  4. ^ "Openly's Harris: "Efficient growth path" key to landing $75mn Series C raise". The Insurer. 2022-08-12. Retrieved 2023-02-08.(subscription required)
  5. ^ Nayak, Vrushank (2022-07-13). "Carriers Struggle to Organize Growing Data Flows, But Solutions Emerging". P&C Specialist. Retrieved 2023-02-08.(subscription required)
  6. ^ Ellen Glover (2020-06-26). "Openly Raises $15M for Home Insurance Platform, Plans to Grow Team". BuiltIn. Retrieved 2023-02-07.
  7. ^ Lee Boyd
    Rob Beller (2022-08-19). "Ep 188 – Openly Co-Founder & CEO, Ty Harris". FNO: InsureTech Podcast (Podcast). Alacrity. Retrieved 8 February 2023.
  8. ^ Keith, Cline (2021-01-22). "Episode #204". The VentureFizz Podcast (Podcast). VentureFizz. Retrieved 8 February 2023.
  9. ^ Lucia Maffei (2019-11-26). "Openly is latest startup to secure funds from Google's AI fund". Boston Business Journal. Retrieved 2023-02-06.
  10. ^ Gabriella Ben-Hutta (2020-12-17). "Openly secures $40 million in Series B". Coverager. Retrieved 2023-02-06.
  11. ^ Julia Ybarra (2022-07-25). "Openly Opens Openly Insurance Company". Agency Checklists. Retrieved 2023-02-06.
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Category:Insurance companies of the United States Category:American companies established in 2017 Category:Online insurance companies Category:Companies based in Boston Category:Financial services companies established in 2017