January 19, 2022

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Hippo Opens Innovation & Growth Middle in Israel

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PALO ALTO, Calif.–(Small business WIRE)–Hippo, the residence insurance coverage team that created a new conventional of care and security for homeowners, now introduced the expansion of its know-how, product and advertising functions by opening its initially worldwide business office in Tel Aviv, Israel, a global technological innovation hub. The new office will be a middle for innovation for the company, centered on the advancement of expertise and systems to fuel the items and providers across Hippo’s business enterprise, providing a transformative property insurance experience to its consumers.

The business will be led by Shahaf Shakuf, who delivers powerful management knowledge to Hippo and earlier set up the Israel subsidiary for Chegg, the on line mastering corporation with more than 4.8 million subscribers. Shakuf will oversee the expansion of Hippo’s regional staff and the overall spectrum of office features, from product or service growth and design and style to knowledge science and digital advertising, making certain engagement and alignment throughout the firm.

“Hippo has turn out to be a leading instance of an market-defining enterprise with its special, buyer-to start with technique to homeownership,” said Shakuf, Common Manager, Hippo. “Hippo’s mission to completely transform the U.S. household insurance marketplace will be supported by a gifted group in Israel, which has rapidly turn out to be a international hub for innovation. I’m thrilled to do the job along with a rising team of leaders who are passionate about the impressive items and products and services at the rear of Hippo and being a aspect of creating the up coming dwelling insurance policies franchise.”

Hippo’s Israel-based staff will target on fueling the expansion and innovation at the rear of the household protection business with leadership that spans merchandise builders and designers, engineers, device understanding authorities, information researchers, and electronic entrepreneurs. Employing is ongoing and Hippo is searching for ground breaking, innovative, ambitious challenge-solvers with a curious, world mindset.

“We have been scouting Israel’s technological know-how scene with desire and enthusiasm and take into account it an perfect place for our to start with worldwide workplace,” stated Ran Harpaz, Chief Technological know-how Officer, Hippo. “We are delighted to have the option to put roots down in Israel and welcome Mr. Shakuf, a deeply knowledgeable technical and organization chief, all through this very important time in our growth. We seem ahead to bringing a greatly numerous set of progressive minds alongside one another as we create and improve some of the most crucial capabilities of Hippo’s business enterprise to help our clients.”

Hippo offers a buyer-very first approach to homeownership with intuitive and proactive security that brings together the ability of technologies with a human touch. In just over four years, Hippo has expanded its insurance merchandise to achieve extra than 80 p.c of U.S. home owners in 37 states. The company not long ago launched two new progressive goods to marketplace, Inspection Safety and Industrial Strains Insurance coverage, with supplemental residence security choices to come.

About Hippo

Hippo’s intention is to make houses safer and far better safeguarded so prospects spend less time stressing about the burdens of homeownership and much more time making the most of their properties and the daily life within. Harnessing true-time facts, intelligent house engineering, and a developing suite of home products and services, we are developing the very first built-in dwelling protection system. Hippo is headquartered in Palo Alto, California with workplaces in Austin and Dallas, Texas and insurance policies products and solutions readily available to far more than 80 % of U.S. owners in 37 states. Hippo Insurance policies Providers is a licensed home casualty coverage agent with professional and individual traces items underwritten by different insurance policies businesses. For a lot more data, together with licensing data, stop by http://www.hippo.com.

Ahead-Seeking Statements

The information and facts in this push launch features “forward-seeking statements” within just the which means of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may possibly be discovered by the use of terms these as “expect,” “possible,” “will,” or the negative of this kind of conditions or other identical expressions that forecast or suggest upcoming occasions or trends or that are not statements of historic matters. Any statements that refer to projections, forecasts, or other characterizations of long run events or conditions, like any fundamental assumptions, are ahead-on the lookout statements.

These ahead-hunting statements are topic to identified and unfamiliar risks, uncertainties, and assumptions about us that may perhaps cause our actual success, levels of exercise, efficiency, or achievements to be materially distinct from any long run results, amounts of functions, effectiveness, or achievements expressed or implied by this kind of forward-looking statements.

These and other crucial variables are talked over below the captions “Risk Factors” and “Management’s Discussion and Examination of Financial Ailment and Results of Operations” in our Registration Statement on Form S-4 and Current Report on Type 8-K, just about every filed with the Securities and Exchange Commission (the “SEC”) and in our other filings with the SEC. Even though we may well elect to update or revise these ahead-hunting statements at some position in the long run, we disclaim any obligation to do so.