![]() ![]() Hippo, the California-based insurtech company that is transforming home insurance, today announced a partnership with GIA Map, the leading provider of geospatial underwriting solutions for admitted and surplus lines insurance companies. The partnership uniquely enables Hippo to integrate its efficient and comprehensive policy management system, application process, and annual reassessment with GIA Map’s live and historical geospatial data. The result paints a true picture of near real-time catastrophic risk exposure by location, which typically goes unchecked for years at a time.Īnalysis by the National Oceanic and Atmospheric Association comprised of combined data from government agencies like FEMA, the USDA and private insurance claims, shows that the number of billion-dollar disasters is soaring. In 2018 there were 14 billion-dollar climate disaster events across the United States, with a total cost of $91 billion. ![]() The total cost over the last five years (2014-2018) is approximately $500 billion. Increased billion-dollar disasters and catastrophic losses means a lack of certainty for homeowners today, who struggle to find the appropriate level of coverage for their needs. Hippo’s partnership with GIA Map will bring more accurate coverage options, which is evaluated at the property-level for all homeowners. ![]()
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