Openly (insurance)
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Holding | |
ISIN | 🆔 |
Industry | Insurance |
Founded 📆 | |
Founders 👔 | Ty 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) |
Members | |
Number of employees | |
🌐 Website | openly |
📇 Address | |
📞 telephone | |
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[edit]
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[edit]
- ↑ Kyoung-son, Song (2022-10-11). "InsurTech Openly expands coverage to South Carolina". Inside P&C. Retrieved 2023-02-08.(subscription required)
- ↑ Anirudh, Singh (2021-05-02). "Openly CEO and Co-Founder Ty Harris — Bending the Insurance Curve". Wharton Fintech Podcast (Podcast). Retrieved 8 February 2023.
- ↑ Jennifer Gimbel (2022-12-28). "Openly home insurance review: Customizable coverage for high-value homes". Policygenius. Retrieved 2023-02-06.
- ↑ "Openly's Harris: "Efficient growth path" key to landing $75mn Series C raise". The Insurer. 2022-08-12. Retrieved 2023-02-08.(subscription required)
- ↑ Nayak, Vrushank (2022-07-13). "Carriers Struggle to Organize Growing Data Flows, But Solutions Emerging". P&C Specialist. Retrieved 2023-02-08.(subscription required)
- ↑ Ellen Glover (2020-06-26). "Openly Raises $15M for Home Insurance Platform, Plans to Grow Team". BuiltIn. Retrieved 2023-02-07.
- ↑ Lee Boyd
Rob Beller (2022-08-19). "Ep 188 – Openly Co-Founder & CEO, Ty Harris". FNO: InsureTech Podcast (Podcast). Alacrity. Retrieved 8 February 2023. - ↑ Keith, Cline (2021-01-22). "Episode #204". The VentureFizz Podcast (Podcast). VentureFizz. Retrieved 8 February 2023.
- ↑ Lucia Maffei (2019-11-26). "Openly is latest startup to secure funds from Google's AI fund". Boston Business Journal. Retrieved 2023-02-06.
- ↑ Gabriella Ben-Hutta (2020-12-17). "Openly secures $40 million in Series B". Coverager. Retrieved 2023-02-06.
- ↑ Julia Ybarra (2022-07-25). "Openly Opens Openly Insurance Company". Agency Checklists. Retrieved 2023-02-06.
External links[edit]
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