The step that makes the company a proactive insurer, according to him, is providing water leak protection sensors to policyholders, which can be connected to the home Insurtech firm Hippo has launched its web portal for providing California residents with home insurance quotes within 60 seconds, according to a company executive. After customers input their address, Hippo's software searches a range of data providers to return questions that will be asked to underwrite the policy. The new service is part of an effort by insurers and other companies to improve customer service, which they say can help them attract more customers. In Q4 of 2016, Hippo closed a $14m series A funding round led by Horizons Ventures and supported by RPM Ventures, Propel Venture Partners, GGV Capital and Pipeline Capital.
Insurtech firm Hippo has launched its web portal for providing California residents with home insurance quotes within 60 seconds, according to a company executive. After customers input their address, Hippo's software searches a range of data providers to return questions that will be asked to underwrite the policy. The new service is part of an effort by insurers and other companies to improve customer service, which they say can help them attract more customers. In Q4 of 2016, Hippo closed a $14m series A funding round led by Horizons Ventures and supported by RPM Ventures, Propel Venture Partners, GGV Capital and Pipeline Capital.