Oceanwide, an Insurity company nnounced that Hippo Analytics, an MGA located in Mountain View, CA, has selected Oceanwide’s Bridge to support its entry into the homeowners insurance market as the company launches a new insurance offering designed to appeal to millennial homeowners and renters.
Hippo will be using Bridge’s policy administration, billing, underwriting and reporting modules.
Hippo needed a modern policy system integrated with an innovative portal solution to handle backend insurance processing while providing the immediate responsiveness that the younger buyer demographic has come to expect in the online purchasing process.
Hippo needed a flexible system for its immediate needs as a startup MGA supporting one carrier but also a system that would easily accommodate its anticipated business growth to handle multiple carriers in all 50 states.
"We looked at many vendors during our search," said Eyal Navon, co-founder and CTO, Hippo, "and selected Bridge due to its end-user configurability which will provide our team with the ability to maintain the system on our own. Oceanwide’s focus on our specific needs and ability to scale with us was one of the key attraction points."
"We are excited to be working with Hippo," said Mitchell Wasserman, chief executive officer, Oceanwide. "Bridge is a great fit for a start up like Hippo that is targeting the millennial generation of insurance buyers who demand speed and intuitive user interfaces."
Bridge, Oceanwide’s insurance software (policy, billing and claims) suite is specifically designed to streamline processing for property and casualty (P&C) insurers, brokers, and MGAs. Bridge offers Smart Configuration (no programming or scripting) to ensure that it is configurable by business users.
Featuring an intuitive user interface, Bridge includes modules for rating, document/policy generation, workflow management, and reporting & analytics, as well as agent and consumer portals. Bridge enables a high degree of self-sufficiency, and features support for multi-lingual and multi-currency transactions.
Hippo is a new kind of insurance provider that uses modern technology to provide a simpler process, smarter coverage, and a completely new approach to how people care for their homes. Hippo offers intuitive and proactive home insurance by taking a smarter, tech-driven approach.
We believe that home insurance should be designed to actively serve the needs of our customers, who can live carefree when they know they’ve been taken care of.