Hippo Holdings Inc., a U.S. insurance company specializing in homeowners insurance and data-led underwriting, has entered into a distribution arrangement with Progressive Insurance to enable Hippo’s policies to be offered through Progressive’s existing sales infrastructure.
Through an agreement with Progressive Advantage Agency, Inc., Hippo’s homeowners insurance products are integrated into HomeQuote Explorer.
The products are now available online and through Progressive’s in-house dealers in eight states: Colorado, Georgia, Illinois, Ohio, Pennsylvania, South Carolina, Tennessee and Texas. The arrangement allows Hippo to leverage Progressive’s distribution scale while giving customers the opportunity to combine policies where applicable.
The partnership is in line with Hippo’s efforts to enhance underwriting performance through a careful, data-centric approach. It also combines Progressive’s established distribution capabilities and customer service record with Hippo’s targeted underwriting standards to support the acquisition of a customer base that matches its risk appetite.
More broadly, the agreement reflects Hippo’s intent to develop a balanced portfolio, maintain underwriting discipline and expand distribution through carefully selected third-party relationships.
“Progressive’s strong focus on technology and serving the broad needs of our customers complements our proactive, technology-driven approach to home insurance,” commented Rick McCathron, President and CEO of Hippo. “Working with Progressive, Hippo can leverage data and technology to deliver more personalized coverage and a superior customer experience.”
“Across our property operators, we prioritize our customers’ needs, from personalized insurance options to a seamless experience from quote to claim,” added Azadeh Hardiman, general manager of acquisition experience strategy at Progressive. “We are proud to partner with organizations like Hippo to make it easier for homeowners to find the protection they need and receive the service they expect every step of the way.”
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