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        Openly, a platform provider for independent insurance agents, raised USD 100 million in Series D funding led by Eden Global Partners with participation from Gradient Ventures, Clocktower Technology Ventures, and Trinity Capital.
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        The company aims to use the fresh funds to expand its operations and business reach.
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        Openly currently serves more than 30,000 insurance agents across 21 states in the US.
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    <a href="https://www.coverager.com/openly-raises-100-million/">
      Coverager
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    <a href="https://www.finsmes.com/2023/09/openly-raises-100m-in-series-d-funding.html">
      FinSMEs
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Neo Insurance

Openly, a platform provider for independent insurance agents, has raised $100 million in Series D funding. The funding round was led by Eden Global Partners and included participation from Gradient Ventures, Clocktower Technology Ventures, and Trinity Capital. Openly plans to use the funds to expand its operations and increase its business reach. The company currently serves over 30,000 insurance agents in 21 states across the US.

Openly raises USD 100 million in Series D funding

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Insurify has teamed up with Santander Consumer to provide Santander customers with access to its digital platform for comparing auto and home insurance. Customers will be able to view quotes from multiple insurance providers and purchase coverage through the marketplace.

Insurify partners Santander Consumer to offer auto and home insurance marketplace

Insurance policy lifecycle management platform provider Socotra has partnered with insurance technology company Five Sigma to create an integrated SaaS technology suite. The suite combines Socotra's core policy and billing solutions with Five Sigma's claims management software, providing users with the ability to make real-time data-driven decisions in policy management and claims handling.

Socotra partners with Five Sigma to introduce integrated SaaS technology suite

Digital rental property insurer Steadily has chosen the financial operations automation platform Ascend to improve its operational efficiency through automation. By integrating Ascend's technology into its agency management system, Steadily will be able to automate tasks such as invoice handling, financing, and carrier payables. This integration will also provide real-time visibility into payment status, allowing for better supervision of all policy-related transactions.

Steadily partners Ascend to automate policy operations

Bestow has been chosen by Transamerica to create a digital platform for its life insurance products. The platform aims to cater to the middle market and streamline the application process, with decisions made in under ten minutes. Transamerica hopes this collaboration will allow them to provide additional insurance products and improve customer support.

Bestow selected by Transamerica to digitize life insurance products

Insurify has collaborated with Fletch to offer pet insurance through its comparison platform. Starting in October, users will be able to compare and purchase pet insurance on Insurify's website and mobile app.

Insurify partners with Fletch to add pet insurance into its comparison site

Full-stack pet insurance platform Independence Pet Group (IPG) has acquired Felix, a cat insurance provider, for an undisclosed sum. The deal is expected to close in the second half of 2023, pending regulatory approval. IPG intends to use Felix's brand to tap into the growing cat pet health insurance market. It will also create a strategic plan and explore product and partnership opportunities to bolster Felix's market position. Felix Cat Insurance, managed by The Connected Pet Company, operates in Arizona and is licensed to offer services in all 50 states, with policies underwritten by IPG subsidiary Independence American Insurance Company.

Independence Pet Group to acquire pet insurer Felix for undisclosed amount

Sureify, a company offering life insurance solutions, has been chosen by Navy Mutual, a life insurance provider for US military members, to modernize its electronic application process. Navy Mutual will utilize Sureify's LifetimeACQUIRE system, which enables an omnichannel sales experience across direct-to-consumer and sales representative distribution channels. The system offers various features such as application cloning, data pre-fills, and faster underwriting.

Sureify to transform Navy Mutual’s electronic application process

Risk management SaaS company, Origami Risk, has acquired insurance software developer, Dais Technology, and its GenAI solutions. The financial details of the transaction were not disclosed. The acquisition will expand Dais' market reach and support capabilities while also broadening Origami's range of property and casualty insurance solutions. These solutions include policy, rating, billing, loss control, claims administration, reporting, and analytics tailored for managing general agents, insurers, and reinsurers. Dais will operate as a subsidiary of Origami and its co-founders will remain in leadership positions.

Origami Risk acquires Dais Technology for undisclosed amount

Delos, a provider of homeowners insurance using satellite imagery and wildfire science, has raised $7.3 million in a seed extension round. The funds will be used to expand its homeowners insurance offerings in California and other high-risk areas where traditional insurers are hesitant to provide coverage. Delos utilizes wildfire science and satellite imagery to assess risk and offer insurance in wildfire-prone areas. The company operates in California and its policies are underwritten by Homesite Insurance Company and Lloyd's of London. Delos claims that none of the homes they have insured have experienced losses due to wildfires.

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