Openly vs ServiceNow GRC
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.
ServiceNow (NYSE: NOW) GRC module on $10.98B platform automating risk, compliance, and audit for 200+ enterprises; native Now Platform integration competing with OneTrust for enterprise GRC in the $51B market.
About
ServiceNow GRC (Governance, Risk, and Compliance) is the integrated risk management module within the ServiceNow Now Platform — operated by ServiceNow, Inc. (NYSE: NOW), a Santa Clara, California-based enterprise workflow automation company generating $10.98 billion in subscription revenue in fiscal year 2024 (+22% year-over-year) — providing compliance officers, risk managers, and internal audit teams at large enterprises with policy management, regulatory compliance automation, enterprise risk assessments, audit management, and vendor risk management unified on the same ServiceNow platform that already runs their IT service management, HR workflows, and security operations. ServiceNow GRC serves over 200 enterprise customers and competes in the $51 billion global GRC software market projected to reach $84 billion by 2030.
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