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Corporation
INTERNET | Internet Software & Services / Accounting & Finance
hippo.com

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Founded Year

2015

Stage

Reverse Merger | IPO

Total Raised

$709M

About Hippo Insurance

Hippo Insurance (NYSE: HIPO) offers intuitive and proactive home insurance by using data, like municipal building records and technology such as satellite imagery and smart home devices, to streamline the quoting and onboarding experience for the protection of products and possessions, including appliances, consumer electronics, and home offices.

Hippo Insurance Headquarter Location

150 Forest Avenue

Palo Alto, California, 94301,

United States

800-845-6466

Latest Hippo Insurance News

Incline P&C Group To Further Underwriting Capacity For Growing Home Insurance Group Hippo

Aug 30, 2021

The issuing carrier relationship will scale Hippo's innovative insurance to more homeowners across the U.S. Austin, TX /PRNewswire/ - Today, the premier insurance program market services firm Incline P&C Group has announced a new issuing carrier relationship with Hippo Insurance Services, which is part of the Hippo family of companies that created a new standard of care and protection for homeowners. The agreement will offer Hippo's protective policies and services to home insurance customers. Over the last six years, Hippo has expanded its insurance products to reach homeowners in 37 states and grown its distribution partnerships to meet customers when and where they want to buy. The agreement will enable Hippo to enhance its underwriting capabilities, bringing its innovative and proactive approach to home insurance to more homeowners across the country. "Strong carrier relationships are integral to how we scale and grow our business, pushing our proactive approach forward to deliver the first home protection platform to customers across the country," Rick McCathron, President at Hippo said. "Incline is a specialized firm with an innovative platform and underwriting expertise that furthers our commitment to innovation in the space, and deepens our relationship with our customers. Chris and his team have impressed us with their strategic approach and aligned interests that will support our shared growth." With a portfolio of home care services and products, Hippo has established a new standard for home protection. Through advanced underwriting, smart devices, and preventive maintenance, the company helps homeowners foresee potential issues before they turn into costly problems. The company is continuing to expand products and services in line with its commitment to innovation and vertical integration across the home space. "Technology is shaping and simplifying every aspect of our world, including home insurance," Chris McClellan, President and CEO, Incline P&C Group said. "Hippo's innovative, proactive approach to insurance is a reflection of modern technology transforming the future of the home insurance market and so much more. We are thrilled for our partnership." The agreement with Incline expands Hippo's book of business across multiple fronting partners and substantiates the MGA portion of Hippo's business separate from its carrier business through Spinnaker, maintaining a capital light model with sophisticated underwriting guidelines and pricing models. Hippo's homeowners program will be offered through Incline's distribution channels and a separate reinsurance program will be placed. About Incline P&C Group Bringing over 75 years of combined industry experience, Incline P&C Group is the premier program insurance services firm. Privately owned and operated with an exclusive focus on the program insurance, the executive team's experience and expertise combined with effective underwriting discipline and risk management provides each client with various platforms and associated services to meet almost any need in the industry. Partnering with a team that has a wealth of experience and financial strength is critical when choosing the right program carrier. Incline brings those qualifications and more. Key differentiators include active program management, disciplined underwriting process, risk management, reinsurance expertise and economic alignment. Founded in 2015, Incline has a team of over 45 employees; headquartered in Austin, TX with offices in Dallas, TX, Fort Worth, TX and Greenwich, CT. To learn more about Incline P&C Group, visit: https://inclinepc.com/ About Hippo Hippo's goal is to make homes safer and better protected so customers spend less time worrying about the burdens of homeownership and more time enjoying their homes and the life within. Harnessing real-time data, smart home technology, and a growing suite of home services, we are creating the first integrated home protection platform. Hippo is headquartered in Palo Alto, California with offices in Austin and Dallas, Texas and insurance products available to more than 80 percent of U.S. homeowners in 37 states. Hippo Insurance Services is a licensed property casualty insurance agent with commercial and personal lines products underwritten by various insurance companies. For more information, including licensing information, visit http://www.hippo.com . Forward-Looking Statements The information in this press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "expect," "possible," "will," or the negative of such terms or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Any statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties, and assumptions about us that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activities, performance, or achievements expressed or implied by such forward-looking statements. These and other important factors are discussed under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Registration Statement on Form S-4 and Current Report on Form 8-K, each filed with the Securities and Exchange Commission (the "SEC") and in our other filings with the SEC. While we may elect to update or revise such forward-looking statements at some point in the future, we disclaim any obligation to do so. Source: Incline P&C Group Copyright 2021 PR Newswire. All Rights Reserved Like what you are reading? Sign up for our free newsletter SIGN ME UP

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The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Hippo Insurance

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Hippo Insurance is included in 6 Expert Collections, including P+C Insurance Tech.

P

P+C Insurance Tech

188 items

R

Real Estate Tech

2,187 items

Startups in the space cover the residential and commercial real estate space with a focus on consumers. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and also tenant experience, property management, sm

S

Smart Home Companies

339 items

2

2018 Fintech 250

250 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

I

InsurTech

1,630 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

A

Artificial Intelligence

7,362 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

Hippo Insurance Patents

Hippo Insurance has filed 4 patents.

The 3 most popular patent topics include:

  • Electrical generators
  • Engine technology
  • Automotive transmission technologies
patents chart

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Grant Date

Title

Related Topics

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12/2/2019

2/23/2021

Engine technology, Electrical generators, Cycle types, Mountain bike manufacturers, Minnesota state forests

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2/23/2021

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Engine technology, Electrical generators, Cycle types, Mountain bike manufacturers, Minnesota state forests

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Grant

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Hippo Insurance Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
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