Hippo Holdings Inc. is an American insurtech company that provides homeowners insurance through a digital-first platform. The company offers a range of coverage options designed to protect homes, personal belongings and liability risks, with a focus on streamlined online policy purchasing and claims handling. By leveraging modern technology, Hippo seeks to simplify the insurance experience and offer faster service compared with traditional carriers.
Central to Hippo’s offerings is its proprietary risk assessment engine, which analyzes property data and historical claims information to tailor policies to individual homeowners. The company also partners with smart-home device manufacturers to provide homeowners with complimentary sensors—such as water-leak and freeze detectors—that can help prevent losses before they occur. Policyholders benefit from real-time alerts and automated maintenance reminders, positioning Hippo’s model as preventive rather than strictly reactive.
Founded in 2015 and headquartered in San Jose, California, Hippo has rapidly expanded its footprint across the United States, underwriting policies in multiple states through a combination of its own licenses and partnerships with established insurance carriers. The company’s digital platform enables easy online quoting and binding of policies, while its mobile and web apps facilitate rapid filing and tracking of claims. Hippo’s approach aims to reduce paperwork and improve customer engagement through a suite of digital tools.
Hippo went public via a merger with a special purpose acquisition company (SPAC) in 2021. Co-founder Assaf Wand serves as President and Chief Executive Officer, guiding the firm’s strategy and product development. Under his leadership, Hippo continues to invest in data science, customer service and home-protection technology, positioning itself as an innovator in the competitive homeowners insurance market.
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