Openly, a homeowners insurance provider, has partnered with Trellis, a technology company simplifying distribution of personal lines of insurance.
Founded in 2017, Openly provides premium insurance by delivering comprehensive coverage through independent agents. Its centralised platform offers comprehensive coverage, market-leading technology and exceptional service for personal lines of insurance.
The partnership will see Trellis offer Openly’s premium insurance to clients through its Savvy platform, an embedded insurance solution for financial institutions, FinTech and other consumer businesses.
Savvy’s partners comprise leading financial institutions, FinTech’s, and other distribution partners with sought-after audiences in trusted, branded contexts. For partners, Savvy simplifies insurance as a one-stop shop with “crawl, walk, run” integration options, end-to-end digital and offline customer journeys, and flexible compensation structures.
For consumers, Savvy simplifies insurance by using machine learning to tailor insurance offers to meet clients’ needs and by enabling users to transparently compare their existing policies side-by-side with new quotes using just their insurance login.
According to Openly, the partnership provides Savvy users with access to Openly’s premium, straightforward home insurance.
Ty Harris, CEO of Openly, said, “Trellis and Openly both offer market-leading technology – and share the mission of making insurance as simple as possible. Our team is excited to partner with Trellis to deliver our premium home insurance through the Savvy platform.”
Daniel Demetri, CEO of Trellis, added, “Since launching our digital homeowners insurance experience last year, we’ve curated an amazing panel of carriers to serve Savvy’s national user base. We’re excited to work with Openly to distribute their innovative, tech-driven products in the contexts and platforms where consumers are thinking about their finances every day.”
Earlier this year, Wayhome, a gradual homeownership provider, scored £8m in a Series A funding roundheaded by Allianz X. Also taking part in the round were Augmentum Fintech, Volution, Love Ventures and Cur8 Capital.
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