Company profile: Open GI
1.1 - Company Overview
Company description
- Provider of UK-based insurance industry software, offering cloud solutions for insurers, MGAs and brokers: IHP Plus for real-time control of products, pricing and underwriting, fraud detection and performance; Mobius, a cloud-native broking platform; Core Cloud integrating with major insurers and comparison sites to streamline processes and reduce IT overheads; and a Digital Platform enabling self-service quoting, buying and purchasing online.
Products and services
- Core Cloud: An enterprise-grade platform integrating with major insurers and comparison sites to streamline broker processes and reduce IT overheads
- Digital Platform: A modular digital portal for brokers and MGAs that delivers self-service quoting, buying, and purchasing of insurance products online
- IHP Plus: A cloud-based system for insurers and MGAs offering real-time control over products, pricing, and underwriting, plus fraud detection and operational performance enhancements
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Open GI
Qover
HQ: Belgium
Website
- Description: Provider of modular embedded insurance orchestration for companies and insurance providers, delivering seamless, tech-driven insurance experiences across 32 European countries to over 4 million users. Offers API-driven insurance integration, claims and support services, and omnichannel distribution, with initiatives to expand financial inclusion. Works with partners such as Revolut, Monzo, and Deliveroo.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
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- Total funding raised: $●●●m
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Semcat
HQ: United States
Website
- Description: Provider of computer software for insurance agents.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Achievement Group
HQ: United States
Website
- Description: Provider of brokerage partnership services, leveraging deep expertise to help agencies and agents execute better solutions.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Achievement Group company profile →
Envelop Risk
HQ: United Kingdom
Website
- Description: Provider of global specialty cyber and emerging risk underwriting, combining insurance expertise with artificial intelligence-driven cyber risk modeling.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Envelop Risk company profile →
Quotit
HQ: United States
Website
- Description: Provider of internet application services for the health insurance and employee benefits industries, including a multi-carrier quoting engine, health plan data access via cloud API, consumer-facing shopping, plan comparison and enrollment with shopping cart, end-to-end CRM, and streamlined enrollment through a single application with Enhanced Direct Enrollment.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Quotit company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Open GI
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Buyer group 2: ████████ ████████
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Buyer group 3: ████████ ████████
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Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Open GI
2.2 - Growth funds investing in similar companies to Open GI
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4 - Top valuation comps for Open GI
4.2 - Public trading comparable groups for Open GI
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