Draft:Openly
| Submission declined on 7 December 2025 by Monkeysmashingkeyboards (talk). This submission appears to read more like an advertisement than an entry in an encyclopedia. Encyclopedia articles need to be written from a neutral point of view, and should refer to a range of independent, reliable, published sources, not just to materials produced by the creator of the subject being discussed. This is important so that the article can meet Wikipedia's verifiability policy and the notability of the subject can be established. If you still feel that this subject is worthy of inclusion in Wikipedia, please rewrite your submission to comply with these policies.
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| Submission declined on 23 October 2025 by Pythoncoder (talk). Your draft shows signs of having been generated by a large language model, such as ChatGPT. Wikipedia guidelines prohibit the use of LLMs to write articles from scratch. In addition, LLM-generated articles usually have multiple quality issues, to include: Declined by Pythoncoder 44 days ago.
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| Submission declined on 6 April 2023 by CNMall41 (talk). This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are: Declined by CNMall41 2 years ago.
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| Submission declined on 8 February 2023 by CNMall41 (talk). This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are: Declined by CNMall41 2 years ago.
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Comment: See WP:ORGCRIT. Also has a WP:REFBOMB issue that will need fixed. CNMall41 (talk) 04:51, 6 April 2023 (UTC)
- Comment: References fail WP:ORGCRIT. CNMall41 (talk) 22:49, 8 February 2023 (UTC)
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| Company type | Private |
|---|---|
| Industry | Insurance |
| Founded | 2017 |
| Founders | Ty Harris Matt Wielbut |
| Headquarters | Boston, Massachusetts, United States |
Area served | 24 states |
Key people | Ty Harris (CEO) Matt Wielbut (CTO) |
| Website | www |
Openly is an American property insurance company based in Boston, Massachusetts. Founded in 2017, it provides homeowners insurance through independent agents in more than twenty U.S. states.[1][2]
History
[edit]Openly was founded in 2017 by Ty Harris, a former Liberty Mutual executive, and Matt Wielbut, a former vice president at Goldman Sachs.[1] The company was created to offer data-driven homeowners insurance distributed through independent agents.[3]
In 2019, Openly raised US$7.65 million in seed funding led by Gradient Ventures, Google’s AI-focused investment arm, and Obvious Ventures.[4][5] The company launched its first policies in Massachusetts and Illinois that year.[1]
Openly raised additional funding of $15 million in 2020 and $40 million later that year to support expansion into new markets.[6][7] In 2022, it completed a $75 million Series C round led by Advance Venture Partners.[2] Subsequent funding rounds included $100 million in 2023 and $193 million in 2025, bringing its total financing to more than $300 million.[8][9]
Operations
[edit]Openly distributes policies through independent insurance agents rather than selling directly to consumers.[1] The company uses property data, geospatial imagery, and automated modeling to assess risk and pricing.[10] Its underwriting is handled through Openly Insurance Company, a licensed carrier in multiple states, with reinsurance partnerships supporting its operations.[9]
Recognition
[edit]In 2024, Openly was included on CNBC’s list of the "World's Top 150 Insurtech Companies".[11] The company has also been featured in Insurance Journal, PropertyCasualty360, and Digital Insurance for its agent-based distribution model.[12][13]
References
[edit]- ^ a b c d Ybarra, Julia (29 October 2019). ""Openly For Business": How This Boston Insurtech Is Hedging Its Bets On Independent Insurance Agents". Agency Checklists. Retrieved 20 October 2025.
- ^ a b "Agent-Focused Home Insurer Openly Closes $75 Million Funding Round". Insurance Journal. 22 June 2022. Retrieved 20 October 2025.
- ^ "Openly Launches Digital Platform for Independent Agents". Insurance Journal. 26 October 2018. Retrieved 20 October 2025.
- ^ "Openly Is Latest Startup to Secure Funds From Google's AI Fund". Boston Business Journal. 26 November 2019. Retrieved 20 October 2025.
- ^ "Openly Raises $7.65M Round Led by Google's AI Venture Fund". Built In Boston. 26 November 2019. Retrieved 20 October 2025.
- ^ "Openly Raises $15M for Home Insurance Platform, Plans to Grow Team". Built In Boston. 26 June 2020. Retrieved 20 October 2025.
- ^ "Openly Secures $40M in Series B Funding Round to Accelerate Growth". Insurtech Insights. 17 December 2020. Retrieved 20 October 2025.
- ^ "Premium Homeowners Insurance Firm Openly Secures $100M in Series D". SiliconANGLE. 25 September 2023. Retrieved 20 October 2025.
- ^ a b "Insurtech Openly Raises $193mn in Growth Financing Led by Eden, Allianz X". The Insurer. 30 January 2025. Retrieved 20 October 2025.
- ^ Anirudh Singh (2 May 2021). "Openly CEO and Co-Founder Ty Harris — Bending the Insurance Curve" (Podcast). Wharton FinTech Podcast. Retrieved 20 October 2025.
- ^ "The World's Top 150 Insurtech Companies 2024". CNBC. 2024. Retrieved 20 October 2025.
- ^ "11 InsurTechs To Watch In 2021". PropertyCasualty360. 27 January 2021. Retrieved 20 October 2025.
- ^ "Meet the Insurtech: Openly". Digital Insurance. 20 January 2020. Retrieved 20 October 2025.