Insurtech company, Hippo, has raised $14 million in a Series A funding round led by Horizons Ventures; firm provides online home insurance offerings at a more affordable market price due to its online business model and direct to consumer offerings; says its policies are customized to meet the needs of modern lifestyles; plans to use the funding for product development and marketing for its launch to customers in California in 2017. Source
The home insurance industry has been dominated by legacy insurance carriers for decades. These companies are still doing business the...
Insturech platform Hippo provides home insurance; it has now announced a new partnership with Elafris to help it develop a virtual agent chatbot powered by artificial intelligence to provide virtual customer service for its clients; in comments regarding the partnership Jake Diner, founder and CEO of Elafris, said, "Our virtual agent technology allows insurance providers to radically transform the way they acquire new customers, boost their customer reach and engagement, increase conversion rate and customer satisfaction, and ultimately grow their business faster and more efficiently."; Elafris is a leading provider of artificial intelligence solutions for insurance companies and is currently working with major national insurance providers. Source
This earnings season started strong but turned uneven this week. Even firms that showed outsized growth saw their stock prices...