Open GI Limited

Based in the UK, Open GI Limited operates as a provider of software solutions tailored specifically for insurance brokers, enhancing their operational efficiency and compliance in a complex regulatory landscape. Open GI Limited, founded in 1979, specializes in delivering software solutions for the insurance industry. The company underwent a management buyout in August 2014, when Montagu Private Equity acquired Open International for GBP 300 million. The CEO is Simon Badley.

Open GI specializes in providing software solutions tailored for insurance brokers, focusing on both personal and commercial lines. Their core offerings include modern, open, and configurable insurance software designed to enhance competitiveness and ensure compliance in a complex regulatory environment. The software supports a range of functionalities such as underwriting acceleration, AI-driven insights, and streamlined operational processes, enabling brokers to manage their business more efficiently. Open GI serves a diverse client base that includes independent insurance brokers, underwriting agencies, and other financial intermediaries across various geographical markets, particularly in the UK and Europe.

The company places a strong emphasis on diversity, equality, and inclusion within its operational framework, further enhancing its appeal to a broad spectrum of clients. In the most recent fiscal year, 2024, Open GI reported a revenue of GBP 53,846,318. 10 and an EBITDA of GBP 29,138,272. Open GI plans to leverage its recent funding from the Buyout in August 2014 to support the development of new software products aimed at enhancing broker capabilities.

Additionally, the company is targeting expansion into new markets within Europe by 2025, aiming to increase its footprint and service offerings in these regions.