Hippo Integrates Verisk From Quote to Claim
Verisk and Hippo announced today the integration of Verisk solutions into Hippo’s full range of products.
“Consumers have come to expect easy online purchase options, accurate initial pricing, and efficient checkout solutions,” said Aviad Pinkovezky, chief product officer of Hippo Insurance. “Verisk’s solutions help Hippo make it easier than ever for homeowners to purchase insurance online and get claims settled quickly.”
By simply entering an address into Hippo’s home insurance site, the data needed to quote and bind a policy is immediately prefilled from Verisk into the application. Customers can get a quote in 60 seconds and complete the purchase in less than four minutes.
Hippo also uses Verisk claims data to help evaluate and process claims quickly. Using Verisk’s vast claims database and dashboard insights, Hippo’s claims team can determine in minutes if a claim can be processed quickly or needs more investigation.
“Having access to this level of claims information is critical to providing our customers with the prompt and empathic help they need to recover from a loss,” said Pinkovezky. “Building on our relationship with Verisk has allowed us to strategically leverage data in new ways, not only to benefit our existing clients but also to help propel our growth.”
“Customer expectations are constantly changing as new technology creates demand for faster and more convenient service,” said Mark Anquillare, executive vice president and chief operating officer of Verisk. “The analytics that Verisk provides Hippo are part of our long-term strategy to offer insurers the tools they need to improve the customer experience.”
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“The pandemic has added urgency to the digital transformation long sought by many in the life industry. Our plans to integrate Verisk’s EHR Triage Engine with WOMBA’s platform will help insurers make significant progress towards their goals.” - President of global underwriting at Verisk, Maroun Mourad.