Hippo

Companies that had easily lured investors with major premium growth are now scrambling to prove their fundamentals work, and are sitting out fundraising to avoid a down round.

The personal auto writer’s partnership with the digital dealership should serve as a warning for other InsurTechs.

First Connect will offer a cyber protection insurance product underwritten by BlinkSM.

Simard joins Hippo after 10 years at American Family Enterprise, where he most recently served as associate vice president of property field and catastrophe claims.

The homeowners-focused InsurTech slashed expenses, posted an improved gross loss ratio and reiterated guidance.

According to the company’s chief insurance officer, it benefits from having multiple data sources on each policy.

The home insurer’s GWP expanded by 18% to $117.1mn.

With New York, Hippo products now reach nearly 89% of the US population in 38 states.

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Inside P&C’s news team runs you through the key developments from the past week.

Hippo’s stock has plunged 32% to around $2 per share this year, and nearly 80% since the company began trading publicly in August.

The home insurance group’s GWP swelled 66% to $120.6mn from the prior year period.