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 expand 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 seamless policy management, product management, and marketing.
The open platform enables greater speed-to-value with less upfront implementation and the ability to create new insurance products in weeks, the company explains.
The addition of Dais’ nodeless technology is an enhancement to Origami Risk’s existing suite of end-to-end, integrated SaaS solutions for policy, rating, billing, loss control and claims administration, reporting and analytics.
In addition, 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 testing and delivering new products and for capitalizing on opportunity. in the market.
“Dais complements our core P&C insurance solutions with codeless, storefront and rating-as-a-service capabilities. This acquisition will allow the Dais team to double their technology and industry partnerships to provide added value to all participants in the insurance ecosystem.
“We are delighted to welcome their talented team to Origami and look forward to a merger that will bring great opportunities to our clients, our people and new areas of growth for our company.”
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 pleased to join forces with Origami Risk to serve a broader audience within the insurance industry,” said Kolb, President, Dais Technology. “Our companies have shared values, strong commitments to our people and clients and similar cultures of collaboration. We are excited about working together to continue to drive industry-leading innovation oh.”