Openly expands Allianz partnership completes funding round. The homeowners insurer has expanded its reinsurance partnership and secured investment to support U.S. growth. Anthony R. O'Donnell // April 22, 2026 (Image source: Openly website.) Openly (Boston) has expanded its reinsurance partnership with Allianz Re and completed a growth investment round to support expansion across the United States. The investment round was led by existing investors Eden Global Partners, Advance Venture Partners and Gradient, with participation from Allianz X. Openly says the combined capital and reinsurance structure is intended to support balance sheet strength and operational growth. The company did not disclose the amount of the investment. Openly says the funding will support expansion into additional states, development of new products and growth of its independent agent network. Openly currently works with more than 60,000 agents across 24 states, according to the release. "Independent agents are the cornerstone of Openly's business model," says Ty Harris, Co-Founder and CEO, Openly. "This strengthened partnership with Allianz Re, alongside continued support from our investors, accelerates that commitment: more states, more products, and a stronger platform for every agent who chooses to build their book with us." Openly says the expanded relationship with Allianz Re is designed to support underwriting capacity and risk management as the company scales its homeowners insurance operations. Disciplined, Scalable Underwriting Model "Openly is revolutionizing homeowners insurance with a disciplined, scalable underwriting model that emphasizes rigorous risk selection, precise pricing, and consistent portfolio management - yielding strong loss ratio results despite high natural catastrophe activity in the US in recent years," says Niklas Mundorf, Senior Manager, Allianz X North America. "In a challenging market, Openly exemplifies how growth and responsibility can coexist, which is why we are deepening our commitment to elevate Openly and better serve this key market segment." The company says the transaction reflects broader conditions in the homeowners insurance market, where underwriting discipline and access to reinsurance capacity are factors in growth and expansion.

Openly, a tech-driven homeowners insurance provider, has partnered with claimtouch, an AI-native insurtech, to automate personal property claims valuation. The partnership integrates claimtouch's Personal Property Platform with Openly's claims management system, enabling adjusters to generate detailed contents inventories and estimates more efficiently. Claimtouch's platform uses machine learning and large-scale data to deliver real-time valuations for personal property losses, replacing manual processes with data-driven assessments. The integration aims to reduce settlement times and improve pricing consistency across claims. Founded in 2017, Openly operates in 24 states and partners with over 44,000 independent agents. The company said the partnership reinforces its commitment to transparent and trustworthy claims processing for policyholders.

Openly, a home insurance provider, secured $193 million in growth financing led by Eden Global Partners and Allianz X, comprising $123 million in equity and a $70 million senior note. This follows a $100 million Series D in 2023. The funds will enhance services, expand U.S. coverage, and introduce new solutions. Openly now operates in 24 states with nearly 50,000 agents. The investment strengthens its reinsurance partnership with Allianz Re and reinforces its insurtech sector position.