Hippo Enterprises Inc. wants to change homeowners’ insurance by using customer data to make it faster and easier to get coverage, Hippo’s chief executive said in an interview.
The company, which has a $5 billion valuation and is due to go public through a blank-check company on Tuesday, is among a slew of “insurtech” listings that are trying to pry business from established insurers.
“I want to double down on tech, data and more engineering and more capabilities,” CEO Assaf Wand said of the $638 million Hippo will receive in proceeds from the listing.
