InsurTech Hippo and Ring to deliver proactive home protection solution

Hippo Insurance Services has teamed up with Ring to offer home insurance products in North Carolina designed to protect homes against water damage, fire, and break-ins.

Hippo is a property & casualty (P&C) insurance agent with commercial and personal lines products underwritten by various insurance companies. The company goal is to make homes safer and better protected so customers spend less time worrying about the burdens of homeownership.

The programme, Hippo said, brings together the benefits of Ring Alarm and its own home insurance products. New customers who opt in to receive the complimentary alarm security kit from ring receive a smart home discount on their insurance premium with Hippo.

The offering means Hippo has expanded its footprint to reach 92% of the US population In 39 states.

Rick McCathron, CEO and President of Hippo, said, ?By partnering with Ring, we can help more homeowners prevent small issues from becoming big problems and take a proactive approach to home protection. We’re excited to continue growing the insurance industry most widely adopted smart home program in North Carolina.p>

Jamie Siminoff, founder and chief inventor of Ring, added, ?Were excited to expand our collaboration with Hippo, whose proactive approach to home protection is a natural fit with our mission to make neighbourhoods safer. Together, we can provide our shared customers with peace of mind and the confidence to prevent small things from becoming big issues.p>

Hippo went public in 2021 via a SPAC merger with Reinvent Technology Partners Z.

Copyright ? 2022 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.