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In this episode of Profiles in Risk we spoke with Rick McCathron, the head of insurance at Hippo Insurance.
Hippo is a digitally native homeowner insurer currently writing out of California. Rick spoke about Hippo’s mission to provide a modern insurance product, that covers assets that the modern homeowners need covered today (yeah, they don’t really focus on stock certificates or gold bullion)…all with the modern conveniences of digital technology. Most customers can get a quote in less than 60 seconds and can bind coverage in less than 3 minutes.
In the podcast, Rick referred to Hippo’s business model as consisting of a 3-legged stool. Leg 1. superior customer experience via the UI, phone, and other technologies; Leg 2. Superior product that matches coverages to modern exposures and Leg 3. taking advantage of big data and other 3rd party data sources to quantify the exposure for underwriting (thereby improving stool leg 1!).
Linkedin Profile: https://www.linkedin.com/in/richard-l-mccathron-514a4a4/
Hippo Insurance homepage: https://myhippo.com/
Hippo YouTube video (via Milliman): https://www.youtube.com/watch?v=LJmvinO9Pes
AS MENTIONED IN THE PODCAST:
RANK THE RISK: