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Austin, Texas, August 11, 2021 / PRNewswire / – Today, the leading insurance program services company, Incline P&C Group, announced a new relationship with Hippo Insurance Services, part of the Hippo family of companies that have set a new standard in care and protection for homeowners. The agreement will offer Hippo’s protection policies and services to home insurance customers.
Over the past six years, Hippo has expanded its insurance products to homeowners in 37 states and expanded its distribution partnerships to meet customers when and where they want to buy. The agreement will allow Hippo to improve its underwriting skills and bring its innovative and proactive approach to home insurance to more homeowners across the country.
“Strong carrier relationships are essential to scale and grow our business and drive our proactive approach to delivering the first home protection platform to customers across the country,” Rick McCathronsaid President at Hippo. “Incline is a specialist company with an innovative platform and underwriting expertise that drives our commitment to innovation in this area and deepens our relationship with our clients. Chris and his team have impressed us with their strategic approach and their aligned interests that ours common cause will support growth. ”
With a portfolio of home care services and products, Hippo has established a new standard for home protection. Through advanced underwriting, smart equipment, and preventative maintenance, the company helps homeowners anticipate potential problems before they become costly problems. The company continues to expand its products and services across the household space in line with its commitment to innovation and vertical integration.
“Technology shapes and simplifies every aspect of our world, including home insurance”, Chris McClellan, President and CEO, Incline P&C Group said. “Hippo’s innovative, proactive approach to insurance reflects the modern technology that is changing the future of the home insurance market and much more. We are excited about our partnership.”
The agreement with Incline expands Hippo’s ledger through multiple fronting partners and underpins the MGA stake in Hippo’s business separate from its carrier business through Spinnaker, while maintaining a low-capital model with sophisticated underwriting policies and pricing models. Hippo’s homeowner program will be offered through Incline’s sales channels and a separate reinsurance program will be placed.
About Incline P&C Group
With over 75 years of combined industry experience, Incline P&C Group is the premier program insurance company. Privately owned and operated with an exclusive focus on program insurance, the leadership team’s experience and expertise combined with effective underwriting discipline and risk management provides each client with a variety of platforms and related services to meet almost any need in the industry. Working with a team that has a wealth of experience and financial strength is crucial in choosing the right program sponsor. Incline brings these qualifications and more. Key differentiators include active program management, a disciplined underwriting process, risk management, reinsurance expertise and economic focus. Incline was founded in 2015 and has a team of over 45 employees; with headquarters in Austin, TX with offices in Dallas, TX, Fort Worth, TX and Greenwich, CT. To learn more about Incline P&C Group, visit: https://inclinepc.com/
About hippopotamus
Hippo’s goal is to make homes safer and better protected so that customers spend less time worrying about the stresses and strains of their home and more time enjoying their home and life in it. By leveraging real-time data, smart home technology and a growing suite of home services, we are creating the first integrated platform for home protection. Hippo is headquartered in Palo Alto, California with offices in Austin and Dallas, Texas and insurance products for more than 80 percent of US homeowners in 37 states. Hippo Insurance Services is a licensed property and casualty insurance broker with commercial and personal product lines underwritten by various insurance companies. For more information, including license information, please visit https://www.hippo.com.
Forward-Looking Statements
The information in this press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be made through the use of the words “expect,” “possible,” “become” or the negation of such terms or other similar expressions that predict or indicate future events or trends, or that are not statements of historical matters. All statements that relate to forecasts, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.
These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that could cause our actual results, activities, performance or achievements to differ materially from future results, activities, performance or achievements expressed or implied by such forward-looking statements .
These and other important factors are discussed under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Registration Statement on Form S-4 and in our current report on Form 8-K, filed with the Securities and Markets, respectively Exchange Commission (the “SEC”) and on our other filings with the SEC. Although we may elect to update or revise such forward-looking statements at some point in the future, we do not undertake to do so.
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SOURCE Incline P&C Group
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