InsurTech Magazine August 2025 | Page 29

TOP 10 – INSURTECH STARTUPS

06

Ty Harris, CEO, Openly

OPENLY

Latest Funding: US $ 193m( February 2025) CEO: Ty Harris Founded: 2019
High-net-worth homeowners face unique insurance challenges. Their custom wine cellars and art collections don’ t fit standard insurance forms, creating complications. Openly addressed this gap by building insurance specifically for homes worth up to US $ 5m, with technology that enables agents to generate complex quotes efficiently. Operating in 24 states and serving 30,000 agents, Openly has found a profitable niche in premium home insurance highlighted by its US $ 123m funding round: one of only three nine-figure property insurance deals last quarter. insurtechdigital. com 29