InsurTech Magazine January 2022 | Page 109

Hippo
Next Insurance
TOP 10

06

Hippo

Founded : 2015
Hippo is a US-based digital insurer that offers a different sort of homeowner insurance . Based in California , the property insurance company incentivises customers by encouraging smart home devices that improve security risks as well as tracking maintenance . The idea is that the sensors provide valuable data on the state of the property , thereby reducing the risk of accidents , such as burst pipes or leaks – or even break ins . The insurance covers the homes and possessions of the insurance holder as well as liability from accidents happening in the insured property . They use AI and big data to aggregate and analyse property information .

05

Next Insurance

Founded : 2015
Making life easier and cheaper for the small business owner , Next Insurance is taking the US insurtech scene by storm . Having tapped into a relatively neglected demographic , the company , which is based in Palo Alto , California , offers cost-effective , easy to manage policies to a range of small businesses from general contractors to personal trainers . Next co-founders are Nissim Tapiro , Guy Goldstein , and Alon Huri . The trio had previously founded a company that they named Check , Inc . which was purchased in 2014 by Intuit .
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