'High-growth insurtech companies with high loss ratios are risky,' Le said. And insurtechs broadly need to show steady profitability to win over investors, said Robert Le, analyst at PitchBook. Other recently listed insurtechs like Lemonade Inc (LMND.N) and Porch Group Inc (PRCH.O) have gone up since their listings.Д«ut there are risks from a housing market down-shift, Mason said. 'The real estate market is so hot, that's a big part of their growth.' 'Hippo's grown extraordinarily fast,' said Tom Mason, senior analyst at S&P Global Market Intelligence. It forecasts $544 million this year and $2.28 billion by 2025. Hippo's total written premiums grew from $142 million in 2018 to $405 million in 2020, the company said. In mid-morning trading on Tuesday, Hippo shares were up 2.4% at $10.025, according to the New York Stock Exchange. Hippo went public through Reinvent Technology Partners, its special purpose acquisition company, and started trading on Tuesday. Similarly, outside motion detectors can help prevent burglaries. That helps the homeowner, but also reduces the amount Hippo would have to pay out in claims. Founded in 2015, it does not offer renter's insurance, but does provide products aimed at other homeowner headaches that insurers traditionally do not cover, such as upkeep, security, repairs and eventually selling the place.ДЇor example, Hippo provides sensors that chirp when water leaks under a kitchen sink, so a plumber can be called to prevent serious damage. Hippo is backed by Silicon Valley entrepreneurs Reid Hoffman and Mark Pincus. To get there, Hippo plans to develop algorithms that speed up policy quotes and create new products, Wand said. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies)Д¬alendars and Economy: 'Actual' numbers are added to the table after economic reports are released.Hippo's sales aspirations mirror companies like Geico Corp (BRKa.N) and Progressive Corp (PGR.N), which have made the auto insurance market more competitive. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.Д¬ryptocurrencies: Cryptocurrency quotes are updated in real-time. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright 2019В© Refinitiv. Data may be intentionally delayed pursuant to supplier requirements. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Source: FactSetДata are provided 'as is' for informational purposes only and are not intended for trading purposes. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Sources: FactSet, Tullett PrebonД¬ommodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Sources: FactSet, Tullett PrebonД¬urrencies: Currency quotes are updated in real-time. Sources: FactSet, Dow JonesД«onds: Bond quotes are updated in real-time. Sources: FactSet, Dow JonesД®TF Movers: Includes ETFs & ETNs with volume of at least 50,000. Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Overview page represent trading in all U.S.

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