Hippo Opens Innovation & Growth Center in Israel
August 26 2021 - 9:05AM
Business Wire
The home insurance group, which is transforming
homeowners insurance, will fuel growth through its global team
Hippo, the home insurance group that created a new standard of
care and protection for homeowners, today announced the expansion
of its technology, product and marketing operations by opening its
first international office in Tel Aviv, Israel, a global technology
hub. The new office will be a center for innovation for the
company, focused on the development of talent and technologies to
fuel the products and services across Hippo’s business, delivering
a transformative home insurance experience to its customers.
The office will be led by Shahaf Shakuf, who brings strong
management experience to Hippo and previously established the
Israel subsidiary for Chegg, the online learning company with over
4.8 million subscribers. Shakuf will oversee the growth of Hippo’s
regional team and the entire spectrum of office functions, from
product development and design to data science and digital
marketing, ensuring engagement and alignment across the
organization.
“Hippo has become a leading example of an industry-defining
company with its unique, customer-first approach to homeownership,”
said Shakuf, General Manager, Hippo. “Hippo’s mission to transform
the U.S. home insurance industry will be supported by a talented
team in Israel, which has quickly become a global hub for
innovation. I’m thrilled to work alongside a growing team of
leaders who are passionate about the innovative products and
services behind Hippo and being a part of building the next home
insurance franchise.”
Hippo’s Israel-based team will focus on fueling the growth and
innovation behind the home protection company with leadership that
spans product developers and designers, engineers, machine learning
experts, data scientists, and digital marketers. Hiring is ongoing
and Hippo is seeking innovative, creative, ambitious
problem-solvers with a curious, global mindset.
“We have been scouting Israel’s technology scene with interest
and enthusiasm and consider it an ideal location for our first
international office,” said Ran Harpaz, Chief Technology Officer,
Hippo. “We are pleased to have the opportunity to put roots down in
Israel and welcome Mr. Shakuf, a deeply experienced technical and
business leader, during this crucial time in our growth. We look
forward to bringing a widely diverse set of innovative minds
together as we build and grow some of the most critical functions
of Hippo’s business to support our customers.”
Hippo offers a customer-first approach to homeownership with
intuitive and proactive protection that combines the power of
technology with a human touch. In just over four years, Hippo has
expanded its insurance products to reach more than 80 percent of
U.S. homeowners in 37 states. The company recently launched two new
innovative products to market, Inspection Protection and Commercial
Lines Insurance, with additional home protection offerings to
come.
About Hippo
Hippo’s goal is to make homes safer and better protected so
customers spend less time worrying about the burdens of
homeownership and more time enjoying their homes and the life
within. Harnessing real-time data, smart home technology, and a
growing suite of home services, we are creating the first
integrated home protection platform. Hippo is headquartered in Palo
Alto, California with offices in Austin and Dallas, Texas and
insurance products available to more than 80 percent of U.S.
homeowners in 37 states. Hippo Insurance Services is a licensed
property casualty insurance agent with commercial and personal
lines products underwritten by various insurance companies. For
more information, including licensing information, visit
http://www.hippo.com.
Forward-Looking Statements
The information in this press release includes “forward-looking
statements” within the meaning of the “safe harbor” provisions of
the United States Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be identified by the use of words
such as “expect,” “possible,” “will,” or the negative of such terms
or other similar expressions that predict or indicate future events
or trends or that are not statements of historical matters. Any
statements that refer to projections, forecasts, or other
characterizations of future events or circumstances, including any
underlying assumptions, are forward-looking statements.
These forward-looking statements are subject to known and
unknown risks, uncertainties, and assumptions about us that may
cause our actual results, levels of activity, performance, or
achievements to be materially different from any future results,
levels of activities, performance, or achievements expressed or
implied by such forward-looking statements.
These and other important factors are discussed under the
captions “Risk Factors” and “Management’s Discussion and Analysis
of Financial Condition and Results of Operations” in our
Registration Statement on Form S-4 and Current Report on Form 8-K,
each filed with the Securities and Exchange Commission (the “SEC”)
and in our other filings with the SEC. While we may elect to update
or revise such forward-looking statements at some point in the
future, we disclaim any obligation to do so.
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Andrea Collins / Courtney Klosterman press@hippo.com
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