name: Openly API FinOps
description: >-
  Financial operations considerations for integrating with Openly's homeowners
  insurance API. Openly's API is a partner-only integration for appointed
  independent insurance agencies and does not carry separate API transaction
  fees or subscription costs. Revenue is generated through insurance premium
  commissions earned by the agency on policies written through the Openly
  platform. API access costs are bundled into the agency appointment and
  partnership arrangement rather than billed separately per API call.
model: Commission-Based (No Direct API Fees)
currency: USD
billing:
  - name: Agency Commission
    description: >-
      Independent insurance agencies earn commissions on homeowners insurance
      policies quoted and bound through the Openly platform, including via API
      integration. Commission rates are negotiated as part of the agency
      appointment agreement and vary based on policy type, volume, and agency
      performance metrics.
    type: Commission
    rate: Negotiated per agency appointment
    trigger: Policy bound and premium collected
    notes: >-
      Commission structure follows standard independent agency compensation
      models for property and casualty insurance. Commissions are paid by Openly
      as the general agency/program administrator, sourced from the gross written
      premium on each policy.
  - name: API Integration Setup
    description: >-
      There is no publicly documented fee for API integration setup. Access to
      the developer portal and API credentials is provided to approved agency
      partners as part of the Openly appointment. Technical integration work is
      the responsibility of the agency or their technology provider.
    type: One-Time Setup
    cost: No fee (included in agency appointment)
  - name: Platform Access
    description: >-
      Access to the Openly platform — including the web portal for non-API
      users and the API for integrated agencies — is provided at no direct cost
      to appointed agencies. Openly generates revenue through premium volume and
      carrier partnerships (MS Transverse, Clear Blue Insurance Group).
    type: Subscription
    cost: No direct charge to agencies
costDrivers:
  - name: Policy Volume
    description: >-
      The primary business cost driver is the number of policies quoted and
      bound. Higher volume agencies may negotiate improved commission rates.
      API integrations typically support higher throughput than manual portal
      usage, potentially increasing policy volume and commission earnings.
  - name: Engineering Integration Cost
    description: >-
      Agencies building custom API integrations must account for internal or
      third-party engineering costs to develop, test, and maintain the
      integration with Openly's backend systems. This is an agency-borne cost
      not charged by Openly.
  - name: State Availability
    description: >-
      Openly is currently available in 24 states with plans for nationwide
      expansion. Policy volume and API usage will be constrained by the
      states where Openly is licensed to write coverage.
optimization:
  - recommendation: >-
      Agencies should maximize quote-to-bind conversion rates to optimize
      commission earnings per API call, as API infrastructure costs are fixed
      while revenue scales with bound policies.
  - recommendation: >-
      Larger agencies and MGAs integrating via API should negotiate volume-based
      commission schedules during the initial appointment process, as higher
      API-driven volumes may qualify for enhanced commission tiers.
  - recommendation: >-
      Monitor Openly's state expansion roadmap to plan API integration capacity
      for new markets as they become available.
notes: >-
  Openly does not publish a public pricing page for API access. All financial
  terms are established through the agency appointment process. For appointment
  inquiries, visit https://openly.com/appointment. For API integration
  inquiries, contact Openly through the developer portal at
  https://developers.openly.com/ after receiving an agency appointment.