OpenPlan provides a digital platform that offers tailored mini insurance packages, integrating embedded insurance solutions into the customer journey for seamless policy management and claims processing. By utilizing proprietary technology, OpenPlan enhances accessibility and simplifies the insurance experience for consumers and businesses alike.
Funding
$2.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
FPATIFounders
Product
Problem
Traditional insurance processes can be complex and inaccessible, often failing to integrate seamlessly into the customer journey. This complexity leads to inefficiencies in policy management, claims processing, and overall customer satisfaction. Many businesses struggle to offer tailored insurance products that meet the specific needs of their customers or partners.
Solution
OpenPlan offers a digital platform that simplifies insurance by providing tailored mini-insurance packages and embedded insurance solutions. The platform integrates directly into the customer journey, streamlining policy management and claims processing. OpenPlan's technology supports innovative product development, efficient policy administration, and seamless claims handling. By connecting insurers, businesses, and consumers, OpenPlan facilitates a cohesive and integrated approach to insurance, offering end-to-end solutions that span the entire industry.
Target Audience
OpenPlan targets businesses seeking embedded insurance solutions, insurance platform setups, or intermediary portal setups, as well as consumers looking for simplified and accessible insurance options.
Features
- Embedded insurance capabilities that integrate into the customer journey.
- Product-agnostic approach to design bespoke insurance products for any partner.
- B2B partnership insurance portal for accessing and managing customized insurance products.
- Dedicated travel agency portal for easy purchase and administration of travel insurance.
- Lifestyle app (Toggle) for comparing and purchasing various insurance products.
- Consumer-centric insurance services designed from the perspective of consumers.
- Direct claims processing through the Toggle app, supporting over 30 insurance companies.