Hippo Insurance

Hippo Insurance offers innovative home insurance solutions, leveraging real-time data and smart home technology to enhance protection for homeowners. Headquartered in Palo Alto with offices in Texas, it provides comprehensive coverage, including electronics, appliances, water backup, and service line protection. Hippo operates as an insurance agent with products underwritten by various companies, serving over 80% of U.S. homeowners across 37 states.

Assaf Wand

Founder and Executive Chairman

3 past transactions

First Connect Insurance Services

Acquisition in 2021
First Connect Insurance Services is a wholesale property and casualty (P&C) insurance provider that specializes in connecting independent agents with advanced quoting platforms offered by insurtech companies. Its digital platform facilitates connectivity between insurance carriers and independent agents, providing productivity tools to help agencies expand their reach effectively.

Spinnaker Insurance Company

Acquisition in 2020
Spinnaker Insurance Company is a provider of property and casualty insurance services, headquartered in Bedminster, New Jersey. Founded in 1997 and formerly known as Woodridge Insurance Company, it rebranded in October 2015. The company specializes in serving underserved insurance markets by utilizing program administrators and managing general agents to access niche opportunities. Spinnaker focuses on fronting opportunities with InsurTech companies, as well as short-tail business, particularly in homeowners, renters, and small commercial lines. With an emphasis on catastrophe-exposed programs, Spinnaker aims to offer sustainable and secure insurance policies to its policyholders. As of August 2020, Spinnaker operates as a subsidiary of Hippo Analytics Inc.

Sheltr

Acquisition in 2019
Sheltr is a company focused on simplifying home maintenance for homeowners, addressing the common frustrations associated with ongoing upkeep that often lead to costly repairs. Their innovative software platform offers an end-to-end solution that includes routine preventative maintenance tasks, such as replacing furnace filters and carbon detector batteries, as well as conducting home assessments and monitoring exterior conditions. By providing proactive recommendations for necessary home services, Sheltr enables contractors to minimize repair incidents and streamlines the booking and scheduling process for consumers. Additionally, Sheltr's services enhance customer engagement for partners, such as home insurers, by creating new revenue opportunities and helping to mitigate risks associated with neglected home maintenance.
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