Openplan
On-demand micro-insurance for daily life activities, powered by the Toggle platform
Overview
Openplan is an embedded insurance platform provider for digital businesses, focused on micro-insurance and on-demand lifestyle insurance products in the Asia-Pacific market. The company offers B2B technology solutions that enable carriers and digital platforms to distribute short-term, activity-based insurance products through API integrations.
The company's primary product, Toggle, is a mobile-first platform that delivers daily, hourly, and activity-triggered insurance covering categories such as travel, golf, driver's, leisure, camping, and fishing insurance. Customers can activate and deactivate coverage on demand via mobile app or web. The Toggle API extends this capability to enterprise partners, providing automated billing, rapid deployment, and seamless embedding of micro-insurance into existing digital customer journeys.
Openplan completed a Series A round of approximately KRW 3 billion (USD 2.3M) in June 2022 led by FuturePlay and Plug and Play Ventures, with participation through the South Korean TIPS Program. Total funding stands at approximately USD 3.37M. The company has received a TI-3 technology evaluation rating from SCI Evaluation Information and is included in the CBInsights Insurtech Expert Collection.
Products & Services
Toggle
An on-demand micro-insurance consumer platform offering short-term, activity-based insurance products. Users can subscribe to coverage by the day, hour, or activity type and toggle policies on or off as needed.
Key Features
- Daily, hourly, location-based, and activity-based insurance subscriptions
- Non-face-to-face digital claims processing
- Mobile app and web access for policy management
- Coverage categories including travel, golf, driver's, leisure, camping, and fishing insurance
Target Users: Individual consumers in South Korea and Southeast Asia seeking flexible, short-duration insurance
Toggle API
An embedded insurance B2B platform enabling enterprises to integrate micro-insurance products directly into their existing digital customer journeys.
Key Features
- API-first architecture for rapid deployment
- Automated billing and policy administration
- Customizable insurance product configuration
- Seamless integration with business digital platforms
Target Users: Digital platforms, carriers, and enterprises seeking to offer embedded micro-insurance
At a Glance
- Founded
- 2019
- Headquarters
- Seoul, South Korea
- Employees
- 11-50
- Funding
- Series A
Category & Focus
- Category
- Distribution & Sales
- Subcategories
- Embedded Insurance On-Demand Insurance Micro-Insurance
- Insurance Verticals
- Specialty/E&S P&C Personal
- Target Customers
- Carriers, Consumers
Customers
- Digital platform partners (unnamed) across Southeast Asia
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Last updated: 2026-06-15