Overview
Openly is a Boston-based premium homeowners insurance company that distributes through independent agents using a proprietary technology platform. Founded in 2017 by industry veterans Ty Harris and Matt Wielbut, Openly targets the high-value home segment, focusing on homes with USD 400K to USD 3M replacement cost. The company's in-house technology stack enables real-time underwriting decisions drawing from more than 50 data points in seconds, delivering a superior agent experience compared to traditional insurers. In 2023, Openly generated USD 301M in written premiums for its carrier partner, Rock Ridge Insurance Company.