(Image source: Trellis Savvy webpage.)
Openly (Boston), a premium homeowners insurance provider, and Trellis (San Francisco), a technology company dedicated to simplifying distribution of personal lines of insurance, have announced a new partnership. Operating as an independent agent, Trellis will offer Openly’s premium insurance to clients through its Savvy platform, an embedded insurance solution for financial institutions, fintechs, and other consumer businesses.
Openly joins an increasing number of home insurance carriers and providers using Savvy to acquire profitable, long-term customer relationships with high efficiency and to pinpoint selectivity through a combination of market-leading technologies and proprietary partnerships, according to a joint statement from the companies. Savvy describes its partners as leading financial institutions, fintechs, and other distribution partners with sought-after audiences in trusted, branded contexts. For partners, Savvy seeks to simplify insurance as a one-stop shop with “crawl, walk, run” integration options, end-to-end digital and offline customer journeys, and flexible compensation structures. For consumers, Savvy says it simplifies insurance by using machine learning to tailor insurance offers to meet clients’ needs and by enabling users to transparently compare their existing policies side-by-side with new quotes using just their insurance login.
The partnership provides Savvy users with access to Openly’s home insurance. Openly provides premium insurance by delivering comprehensive coverage through independent agents.
Making Insurance as Simple as Possible
“Trellis and Openly both offer market-leading technology—and share the mission of making insurance as simple as possible,” comments Ty Harris, CEO, Openly. “Our team is excited to partner with Trellis to deliver our premium home insurance through the Savvy platform.”
“Since launching our digital homeowners insurance experience last year, we’ve curated an amazing panel of carriers to serve Savvy’s national userbase,” says Daniel Demetri, CEO, Trellis. “We’re excited to work with Openly to distribute their innovative, tech-driven products in the contexts and platforms where consumers are thinking about their finances every day.”