Reinsurance News

Origami Risk expands P&C insurance solutions with Dais acquisition

15th September 2023 - Author: Kassandra Jimenez-Sanchez

Origami Risk, a risk, safety, and insurance Software as a Service (SaaS) technology firm, has acquired Dais Technology, a provider of no-code insurance technology. Terms of the transaction were not disclosed.

This move will increase Dais’ market reach and client support capabilities and expands Origami’s innovative suite of property and casualty insurance solutions for managing general agents (MGAs), insurers and reinsurers.

Founded in 2016, Dais Technology offers a SaaS insurance platform with API connectivity for streamlined policy handling, product management, and sales.

The open platform enables superior speed-to-value with minimal upfront implementation and the ability to create new insurance products in weeks, the firm explains.

The addition of Dais’ no-node technology is to enhance Origami Risk’s existing suite of end-to-end, integrated SaaS solutions for policy, rating, billing, loss control and claims administration, reporting and analytics.

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Additionally, Origami’s insurance software solutions also facilitate a comprehensive digital engagement experience for all internal and external stakeholders.

Bob Petrie, CEO, Origami Risk, commented: “Origami continues to experience rapid growth from our ability to provide innovative solutions for the testing and delivery of new products and for capitalizing on market opportunity.

“Dais complements our core P&C insurance solutions with no-code, storefront and rating-as-a-service capabilities. This acquisition will allow the Dais team to double down on their technology and industry partnerships to bring more value to all insurance ecosystem participants.

“We are pleased to welcome their talented team to Origami and look forward to an integration that will bring more opportunities to our clients, our people and new areas of growth for our firm.”

Dais will operate as a subsidiary of Origami and will continue to be led by its co-founders Jason Kolb, Aaron Larson and Milos Dedovic.

“We are delighted to join forces with Origami Risk to serve a broader audience within the insurance industry,” said Kolb, President, Dais Technology. “Our firms have shared values, strong commitments to our people and clients and similar collaborative cultures. We are excited about working together to continue to drive industry-leading innovation.”

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