Hippo Insurance Services Corporation (NYSE: HIPO) is a technology-driven provider of homeowners insurance in the United States. Founded in 2015 and headquartered in Palo Alto, California, the company has reimagined traditional home insurance by leveraging data analytics, machine learning and smart home technology. Hippo offers streamlined digital quoting and underwriting processes designed to simplify policy management and accelerate claim resolution for policyholders.
The company’s core product is its modern homeowners insurance policy, which includes standard dwelling and personal property coverage alongside enhanced features such as roof protection, extended electrical and plumbing coverage, and built-in smart home devices. Hippo often provides complimentary sensors—such as water leak detectors and motion-activated cameras—to help mitigate risk before a loss occurs. These proactive measures are integrated into Hippo’s risk model, enabling tailored premiums based on real‐time data and improved loss prevention.
Hippo distributes its insurance solutions directly through its website and mobile app, as well as through a network of independent insurance agents and brokers. The company’s policies are available in over 35 states plus the District of Columbia, and it continues to expand its geographic footprint. Hippo’s reinsurance partnerships and alliances with major carriers support its risk management strategy and enable scalable growth across diverse markets.
Since its inception, Hippo has attracted significant venture capital backing and notable investors, underscoring confidence in its business model. Co‐founded by CEO Assaf Wand and CTO Eyal Navon, the leadership team combines expertise in technology, finance and insurance operations. Under their guidance, Hippo has focused on delivering a modern customer experience, fostering innovation in the insurtech sector and driving industry transformation through data‐driven underwriting and customer‐centric services.
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