Run Time: 29:24
in On Point

Hippo Has Some Legs

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Rick McCathron, president of Hippo Insurance, loves the insurance industry, having grown up in a family agency and spending more years at Mercury Insurance. Here’s an insider’s look at a mature insurtech (hello, $5 billion SPAC move) in the homeowners and condo insurance markets. Hippo’s competitive angle is to show consumers how to prevent losses in the first place. AI and big data play a role in underwriting. On this podcast the acronym “hippo” is spelled out, literally. As Rick explains, it “was a creative name that our cofounder’s family came up with and people would recognize. If a five-year-old can remember something, then it truly is memorable. State Farm, Farmers, Allstate — I say what’s the difference? It’s just the quarterback who’s advertising for them — that’s all they remember.” Rick might set an “On Point” record for enthusiasm as well as the number of words packed into a single recording! You’ll enjoy this chat.

This episode is supported by Personal Umbrella, where you can quote stand-alone personal umbrella policies of up to $5 MM in 3 minutes online — just by answering 4 simple questions.

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