Home Insurance Insurtech Hippo Buys Home Services Startup Sheltr

Home Insurance | November 25, 2019

Home Insurance Insurtech Hippo Buys Home Services Startup Sheltr
Digital home insurance managing general agency Hippo Insurance has acquired an early-stage startup in a bid to beef up its digital home insurance services for clients, Carrier Management reported. The insurtech said it acquired Sheltr, a San Francisco-based tech-enabled services startup that provides home wellness checkups. The cash and stock deal adds Sheltr’s eight employees to the 200-plus already working for Hippo, which declined to disclose the specific price it paid. Assaf Wand, Hippo’s co-founder and CEO, explained to Carrier Management that Hippo has been looking at several targeted acquisition opportunities in recent months. He said that Sheltr stood above the rest because it fit into Hippo’s overall strategy and offerings. Sheltr just launched in 2018, and raised its first $3.2 million in seed financing in May 2019. Sheltr co-founder Andrew Wynn describes it as a home maintenance software company that lets Sheltr members schedule and pay for twice annual home checkups performed by “trained and trusted” home professionals. They conduct preventative maintenance tasks such as replacing furnace filters and changing smoke and carbon monoxide detector batteries, and also do tech-driven home assessments that catalog appliances, monitor a home’s exterior condition and give proactive recommendations for home services.

Spotlight

Welcome to our Insurance Vlog called "WTH..." We are going to help answer your insurance questions and why insurance matters. Insurance is a word not many people like. We might not necessarily want it but we sure as hell need it. Hopefully, we will never need to use it, but if you drive a car, own a home, or  have a business, there is a good chance you will have to use insurance to pay a claim at some point in your life. AND hopefully, you have life insurance because WHEN, not IF you die, the policy will pay out to your loved ones. Enjoy the episode and we look forward to sharing more videos on topics you care about or we just want to talk about.

Spotlight

Welcome to our Insurance Vlog called "WTH..." We are going to help answer your insurance questions and why insurance matters. Insurance is a word not many people like. We might not necessarily want it but we sure as hell need it. Hopefully, we will never need to use it, but if you drive a car, own a home, or  have a business, there is a good chance you will have to use insurance to pay a claim at some point in your life. AND hopefully, you have life insurance because WHEN, not IF you die, the policy will pay out to your loved ones. Enjoy the episode and we look forward to sharing more videos on topics you care about or we just want to talk about.

Related News

CLAIMS

The Penn Mutual Life Insurance Company Continues Historic Dividend Track Record

The Penn Mutual Life Insurance Company | November 23, 2021

The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, is pleased to announce that the company has maintained its dividend scale for 2022 and the Board of Trustees has approved a $123 million payout to eligible policyholders in 2022. Dividends are a key measure of a mutual company's performance and Penn Mutual has consistently paid dividends to eligible policyholders for nearly 175 years. This announcement extends the company's long track record of delivering strong performance and value to policyholders. "We're proud to continue our track record of financial strength and maintain our dividend scale, A mutual life insurance company's ability to consistently pay dividends is a solid indicator of its financial strength. Over the last 20 years, our dividend action remains one of the strongest and most consistent in the industry, reinforcing our commitment to serving the best interests of our policyholders and financial professionals now and into the future." - Eileen McDonnell, chairman and CEO. About The Penn Mutual Life Insurance Company Penn Mutual helps people become stronger. Our expertly crafted life insurance is vital to long-term financial health and strengthens people's ability to enjoy every day. Working with our trusted network of financial professionals, we take the long view, building customized solutions for individuals, their families, and their businesses. Penn Mutual supports its financial professionals with retirement and investment services through its wholly-owned subsidiary Hornor, Townsend & Kent, LLC, member FINRA/SIPC.

Read More

CORE INSURANCE

EY Announced a Partnership with Fadata to Assist Insurance Firms Enhance their Business Performance

EY | July 14, 2021

EY today announced a partnership between Fadata, a leading software provider specializing in core insurance operational platforms, and Ernst & Young LLP (EY UK) to assist insurance companies in driving improved business performance through technology transformation that provides an end-to-end digital experience. The partnership combines EY UK's insurance sector experience and expertise in enabling large-scale business and technology changes with Fadata's core insurance operational technology. EY UK and Fadata teams will use INSIS, Fadata's insurance process platform, to assist insurers in developing flexible and innovative products, bringing them to market faster, and distributing and servicing them via new digital channels. In addition, teams from EY UK and Fadata's INSIS will assist insurance companies in various business areas, including company management, insurance product lifecycle, and customer journey. Insurance companies are under increasing pressure to prioritize technological advancements to promote company growth, enhance operational efficiency, and satisfy industry standards and regulatory requirements. According to NextWave Insurance: personal lines and small commercial, 37% of European customers would switch insurance if they did not provide cutting-edge technology. Insurance businesses can leverage a single platform for the different kinds of insurance services they provide to customers, such as life, pensions, non-life, and health, by working with EY UK and Fadata teams. In addition, the alliance assists insurers in providing scalable and agile platforms, which support broader business benefits for insurers such as cost efficiencies, automating processes to increase productivity, implementing standardized approaches to compliance, and modernizing outdated legacy systems and technology infrastructure.

Read More

La Capitale and SSQ Insurance Merger of Equals is Now Official

La Capitale | July 06, 2020

La Capitale and SSQ Insurance have jointly announced that their merger is now official creating Canada’s largest mutual insurance company with more than 3.5 million members and clients. Mutual members of the respective companies gave their approval for the deal in March. And last month, the merger received regulatory approval from the National Assembly of Quebec, followed by the Autorité des marchés financiers and the Minister of Finance.

Read More