Insurance coverage expertise firm Origami Danger has accomplished the acquisition of Dais Know-how, a no-code insurance coverage expertise supplier.
The businesses didn’t disclose the monetary particulars of the deal.
The takeover is a part of Origami’s technique to develop property and casualty (P&C) insurance coverage choices for insurers, reinsurers and managing normal brokers (MGAs).
Deploying Dais’s no-node expertise will support Origami Danger in bolstering its present end-to-end, unified SaaS options suite for coverage, billing, ranking, loss management and managing claims, analytics and reporting.
Moreover, Origami’s insurance coverage software program options will provide a whole digital engagement expertise for inside and exterior stakeholders.
By means of the merger, Dais plans to reinforce its market attain and shopper help experience.
Following the closure of this deal, Dais will now perform as an Origami subsidiary and can be led by co-founders Jason Kolb, Aaron Larson and Milos Dedovic.
Origami Danger CEO Bob Petrie mentioned: “Origami continues to expertise speedy development from our potential to offer modern options for the testing and supply of recent merchandise and for capitalizing on market alternative.
“Dais enhances our core P&C insurance coverage options with no-code, storefront and rating-as-a-service capabilities. This acquisition will enable the Dais crew to double down on their expertise and {industry} partnerships to deliver extra worth to all insurance coverage ecosystem members.”
Established in 2016, Dais delivers a SaaS insurance coverage platform with API connectivity for optimised administration of coverage, product and gross sales.
This open platform permits improved speed-to-value with the least upfront deployment and the potential to construct new insurance coverage choices in weeks.
Dais Know-how president Jason Kolb mentioned: “We’re delighted to hitch forces with Origami Danger to serve a broader viewers throughout the insurance coverage {industry}.
“Our corporations have shared values, sturdy commitments to our folks and purchasers and related collaborative cultures. We’re enthusiastic about working collectively to proceed to drive industry-leading innovation.”
