CHICAGO--(BUSINESS WIRE)--Origami Risk, the industry-leading risk, safety and insurance Software as a Service (SaaS) technology firm, today announced it has acquired Dais Technology, a leading provider of no-code insurance technology. The acquisition increases 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. Terms of the transaction were not disclosed.
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.
“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,” said Bob Petrie, CEO, Origami Risk. “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.”
“We are delighted to join forces with Origami Risk to serve a broader audience within the insurance industry,” said Jason 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.”
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 addition of Dais’ no-node technology enhances Origami Risk’s existing suite of end-to-end, integrated SaaS solutions for policy, rating, billing, loss control and claims administration, reporting and analytics. Origami’s insurance software solutions also facilitate a comprehensive digital engagement experience for all internal and external stakeholders.
About Dais
Dais Technology’s no-code platform revolutionizes insurance product creation for MGAs, carriers, and reinsurers with lightning-fast speed. Offering support for all P&C products, Dais’ event-based architecture enables AI-driven bundling, automation, and real-time deployment. For more information, please visit dais.com. Oppenheimer & Co. Inc. served as exclusive financial advisor to Dais.
About Origami Risk
Origami Risk is a leading provider of integrated SaaS solutions for risk, safety, and insurance. Highly configurable and completely scalable, Origami Risk delivers a full suite of innovative risk management tools and insurance core system solutions from a secure, multi-tenant cloud-based platform accessible via web browser and mobile app. Visit origamirisk.com or contact Origami at info@origamirisk.com.
