Openly adds online quote feature

Home insurance startup Openly  has refreshed its website and introduced a new feature allowing prospective customers to obtain a quote through an Openly-appointed agency partner.

The Boston-based MGA generated $360 million in written premiums in 2024 across its carrier partners, Rock Ridge Insurance Company and MS Transverse Insurance Company. Rock Ridge accounted for the majority, reporting $350.7 million in premiums. In comparison, Openly produced $301 million in written premiums in 2023.

On the claims side, Rock Ridge paid out $299 million in homeowners losses in 2024.

Founded in 2017, Openly has raised approximately $360 million in equity and $70 million in debt.

Its most recent funding round was announced in January.

Here’s the old Openly:

As a side note, according to recent filings, Openly plans to launch its home insurance products in Virginia, modeled after Travelers’ Quantum 2.0 program. Rock Ridge Insurance Company will serve as the underwriting carrier.