Hollard-backed Open Insurance has won this year’s Excellence in Insurtech category, which is sponsored by IAG Firemark Ventures, at the FinTech Australia Finnie Awards.

Co-founder and CEO Jonathan Buck says the Open team is excited and grateful to be recognised among some “stellar” insurtech contenders.

The past year has been significant for the business as it has grown the team in Australia, expanded into New Zealand and it is now “extremely excited” about opening in the UK next year.

“Everyone has worked incredibly hard this year, across the entire team, and this award is fantastic recognition for all of us,” Mr Buck said. “Thank you for awarding us and for believing in our mission to provide the fastest insurance, at the best price, for the world.”

Sydney-based Open was founded in 2016 by Open CEO Jason Wilby and Mr Buck, who started Huddle Insurance together. It administers two general insurance products for health insurer ahm which are underwritten by Hollard.

FinTech Australia is a national association for the Australian FinTech Startup community and works with government, industry and the local fintech community to create a supportive environment and partner ecosystem in Australia and abroad.

There were more than 288 entries for a total of 23 awards, including two People’s Choice categories.

“The results of this year's awards demonstrate the growth over the last 12 months and show just how far we have come as an industry,” FinTech Australia CEO Rebecca Schot-Guppy said.

“This year has been more competitive than ever before, reflecting again the maturity of the industry. This sets the scene for the sector reaching new heights in 2022, as we find new normal in a post-COVID world.”

Click here for a full list of winners.