Openly is a Boston-based insurtech company founded in 2017 that designs and distributes homeowners insurance policies through independent insurance agents. The company combines actuarial science and machine learning to offer guaranteed replacement cost coverage up to $5,000,000 and liability limits up to $1,000,000 across 24 U.S. states.
The company operates a two-sided model: it underwriters its own homeowners insurance products while providing independent agents with a technology platform to quote and distribute those policies. Openly's leadership brings over 200 years of combined industry experience, with founders Ty Harris (formerly at Liberty Mutual) and Matt Wielbut (who built two prior insurtech ventures) leading the effort to rebuild homeowners insurance from first principles.
Openly's approach centres on using technology to streamline what traditional insurance does well while removing unnecessary friction. The company emphasises customisable coverage designed for individual homeowner needs, straightforward purchasing processes, and competitive pricing relative to coverage breadth.
