Open Money Group

Open raises $31m Series B to bring connected insurance to the world

Australasian insurtech Open raised a $31 million growth round from international investors, led by Movac (NZ) with Latitude (UK) and returning investor AirTree Ventures (AU). This brings the scale-up’s total capital raised to $53 million.

Open and EnergyAustralia come together to offer connected insurance

We’re excited to announce our partnership with one of Australia’s leading energy companies, EnergyAustralia. EnergyAustralia customers can now purchase car and home insurance, as part of EnergyAustralia’s new innovative product Stack On. Stack On has been launched by On by EnergyAustralia (part of EnergyAustralia), a platform that

Insurance competition in New Zealand heats up as Tower partners with Open to launch disruptive car and home insurance

We’re excited to announce our partnership with Tower. Huddle, powered by Open and underwritten by Tower, will launch in New Zealand. May 26th 2021 Imagine a world in which you only pay for car insurance based on how much you drive, or your home contents policy is automatically updated

Climate change is making insurance unaffordable, so we’re working to stop it.

Climate change is making insurance unaffordable for Australians Each year, Australia is experiencing more and more extreme weather events. Insurers use the term “catastrophe season” to describe the period between October and February where we see the majority of severe weather events occurring. Things like hailstorms, floods, high wind,

Insurance isn't boring | Huddle's latest marketing campaign

‘Is this one of those Huddle Insurance ads?’ ask the unsuspecting subjects of the new campaign from Huddle Insurance in which they’re asked to recount an insurance-related anecdote, with surprising comedic effect. The launch campaign features three everyday characters – Estelle, Jacqueline and Bryce – who each relate a

Huddle and Telstra come together in pioneering tech partnership

We’re excited to announce our partnership with Australia’s leading telecommunications and technology company, Telstra. Starting today, Telstra Plus members will be able to access exclusive offers and rewards when they protect their car or home with Huddle. Huddle insurance and Telstra Plus – better together Huddle uses the

Join us in Queenstown for the NZ Fintech Hui

Running from the 18th to the 20th of March Fintech NZ are hosting the first New Zealand Fintech Hui in Queenstown. The event is for founders, investors, industry and government partners to discuss the state of Fintech in New Zealand and to explore domestic and international opportunities. We will: Dive

ahm partners with Open to launch new range of car and home insurance

ahm, one of Australia’s largest health insurers, has today launched its car and home insurance offering in partnership with insurtech disrupter, Open. The two came to an agreement in 2020 after aligning strongly on brand values and technological capability and are today bringing two leading insurance products to market.

Release notes - September 2020

Each week, we release new features, product improvements and bug-fixes across all of the Open products. Here are the highlights of the past few weeks: New and improved quote line brandingAll Open partners can now take full control of their white-label experience design. We’ve introduced a range of tools

We've all seen the neobanks. Now prepare for neoinsurance.

The rise of neobanking Five years ago, if you wanted to open up a bank account you had to get in your car, drive to your nearest branch and fill out a tiresome amount of paperwork. You’d be given introductory savings rates that would fizzle away to practically

Podcast: 40k policies, 40k lessons with Insurtech Australia

Huddle and Open’s Co-Founders spill the beans on their biggest mistakes and learnings over the last four years. On this edition of the Insurtech Australia Podcast, Vanessa Dobson, Insurtech Australia sits down with Jason Wilby and Jonathan Buck, Co-Founders and Joint CEOs

Covid

How we’re expanding internationally in the COVID era.

There is no doubt that COVID-19 has fast tracked the digital transformation of businesses, which is why for many tech companies providing digital services, lockdown periods prove anything but quiet, with many businesses seeing strong growth. For example, we saw the enormous increases in Amazon’s share price, driven by

community

Why we're creating an Open community

Good things happen when people are open. An open environment allows closer collaboration for solving complex problems, building better solutions and forming stronger relationships. The transparency that comes from openness helps reinforce honesty, integrity and selflessness. We want to make financial services more open, so that customers can

Release notes - June 2020

Each week, we release new features, product improvements and bug-fixes across all of the Open products. Here are the highlights of the past few weeks: Product ComparisonAs an insurance broker, you can now rapidly compare a number of products to provide a quick and easy experience for your clients. Now

AI

Our journey to automated compliance

How can technology deliver a more automated, more reliable, and a more efficient compliance function? Through tech, machine learning and data analytics we can show you. Navigating the world of risk and compliance within insurance is complex, with multiple bodies and regulations that govern it. To meet these regulations, insurance

AI

Introducing Open, the new stack for insurance

Insurance can be complicated. Here we explain the case for simplicity and the new stack that makes it all possible. Insurance is complex. It’s time to simplify it. Simple isn’t a word that’s associated with insurance. Across the world, consumers choose from a vast array of

Business

How we operate efficiently with distributed teams

Open currently has around 35 staff with hubs in Sydney, the Sunshine Coast and Queenstown in NZ. With another hub opening in the UK later this year, how we operate across these hubs will continue to be tested and optimized. For now, this is what we’re doing and how

Business

Creating a digital workplace

Many companies like Open, are seeing the benefits of teams working digitally even when it’s safe and healthy to go back to the office. But what will it take to create a fully digital workplace where de-centralised teams can outperform their centralised peers? Goodbye work from home. Hello

all-hands

How we run an engaging, digital all hands

With hubs based across 4 different time zones, taking 30 mins out of everyone’s diary is never convenient. What we strive to do is make that the most valuable, fun and engaging 30 minutes of everyone’s week. “Anyone have any questions?” … Silence … “Ok great, now let’s move

advertising

How to sell insurance

Once a year you put up the christmas tree, once a year you blow out your birthday candles, and generally – and slightly less exciting – once a year you buy your insurance. What tools and methods can we use to influence that decision? How can we capture that customer

accessibility

Privacy by design

What you share, and who you share it with, should be up to you. Here we look at how we design and architect for privacy, and give users control over their information. It’s not PII There’s no way it’s PII It was PII — a twitter data privacy