The Entrepreneur Of The Year Awards program is one of the preeminent competitive awards for entrepreneurs and leaders of high-growth companies. The award recognizes those who are unstoppable entrepreneurial leaders, excelling in talent management; degree of difficulty; financial performance; societal impact and building a values-based company; and originality, innovation and future plans. Wand was selected by an independent panel of judges, and the award was announced during the program’s virtual awards gala on August 4.
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‘One of the most relevant things you can do as an entrepreneur is to solve interesting problems within massive industries,’ said Assaf Wand, co-founder & CEO of Hippo. ‘I learned early in my career that building the right team and culture to attack these big problems is the best way to grow, personally and professionally. I’m excited about what’s ahead, for myself and Hippo, as we work to bring the focus back to the customer and further our vision of protecting the joy of homeownership through innovation within the home.’
Founded in 2015, Hippo’s goal is to make homes safer and better protected by taking a proactive approach designed to prevent losses. Harnessing real-time data, smart home technology, and a growing suite of home services, the company is creating the first vertically integrated, end-to-end home protection and insurance platform.
Hippo’s licensed property casualty agency, Hippo Insurance Services, is a leader in the transformation of the $105 billion U.S. home insurance industry, digitizing the entire home insurance process in order to create lasting advantages and efficiencies across the customer lifecycle. The company built an insurance experience that is simple, modern, and proactive. Its proprietary underwriting engine leverages augmented intelligence and machine learning to prefill customer applications and accurately assess and price a property’s risk at the point of purchase, enabling accurate quotes in under a minute and completed purchases in just five minutes on average.
Hippo’s omni-channel distribution allows customers to buy policies however and wherever they want: online, through an agent, or with one of the company’s growing number of partners. Hippo’s coverage is designed for today’s homeowners, replacing coverage for items such as fur coats and china sets with more protection of crucial items such as home office equipment and water back-up. This modern coverage lowers the chance of its customers encountering unexpected gaps in coverage in the event of a loss.
In addition, Hippo’s industry-leading Smart Home program is designed to help prevent events such as water damage, fires, and break-ins. The company also uses live data to anticipate and track major weather events, enabling its claims team to reach out in advance to help protect homeowners. For example, ahead of winter storm Uri in Texas that impacted millions, Hippo reached out to customers to help them prepare for frozen pipes or water damage, offering Hippo Home Care support for live video calls to prevent and resolve any immediate DIY issues. Hippo’s intuitive and proactive protection platform is designed to reduce the likelihood of loss, while deepening its customer relationships and improving loyalty and retention. Home insurance products offered through Hippo Insurance Services are currently available in 37 states, covering more than 80% of the U.S. population, and the company expects its products to be available to 90% of the U.S. population by the end of 2021.
Source: Market Screener
