Origami Risk acquires Dais
Insurance technology company Origami Risk has acquired DAIS Technology, a provider of no-code insurance technology. The acquisition increases Dais’ market reach and client support capabilities and expands Origami’s suite of property and casualty insurance solutions for 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.
Founded in 2016, DAIS publicly disclosed $14 million in funding. It offers a SaaS insurance platform with API connectivity for streamlined policy handling, product management and sales.
“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.” – Bob Petrie, CEO, Origami Risk.
“We are delighted to join forces with Origami Risk to serve a broader audience within the insurance industry. 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.” – Jason Kolb, president, Dais Technology.