Openly vs Duck Creek Technologies
Side-by-side comparison of AI visibility scores, market position, and capabilities
Premium homeowners insurance carrier providing independent agents with fast quoting and broad coverage for high-value homes over $400K replacement cost; Cleveland-based MGA backed by Arch Insurance;
About
Openly is a Cleveland-based insurtech company that provides premium homeowners and dwelling insurance through independent insurance agents. Openly targets the high-value home segment — homes with replacement costs above $400,000 — where coverage gaps and cumbersome underwriting processes are common frustrations for agents and policyholders. The company offers a digital quoting platform that delivers bindable quotes to agents in under 60 seconds, significantly faster than traditional carriers' multi-day workflows, and provides broad coverage with higher limits and fewer exclusions than standard homeowners policies. Openly operates as an MGA (managing general agent) backed by Arch Insurance Group's balance sheet, combining insurtech speed with carrier-grade financial stability. Founded in 2018, Openly raised over $100M and has expanded rapidly across multiple states. It competes with Hippo, Kin Insurance, and traditional carriers in the premium homeowners market.
Boston P&C insurance core systems (policy, billing, claims) taken private by Vista Equity in 2023 for $2.6B; competing with Guidewire for 200+ carrier and MGA cloud modernization.
About
Duck Creek Technologies is a Boston-based insurance core systems software company providing cloud-native policy management, billing, and claims processing platforms for property and casualty (P&C) insurance carriers, managing general agents (MGAs), and specialty insurers seeking to replace legacy mainframe infrastructure with modern SaaS systems. Taken private by Vista Equity Partners in July 2023 for approximately $2.6 billion (previously traded as NASDAQ: DCT), Duck Creek serves 200+ insurance customers including The Hartford, Zurich, and Nationwide through its OnDemand cloud platform.
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