Hippo Holdings, Inc. is a home protection company which provides a new standard of care and protection for homeowners. It harnesses real-time data, smart home technology, and a growing suite of home services to create an integrated home protection platform. It operates through following segments: Services, Insurance-as-a-Service, and Hippo Home Insurance Program. The Services segment earns fees and/or commission income without assuming underwriting risk or need for reinsurance. The Insurance-as-a-Service segment earns a portion of the premiums paid to it for the risk the company retains as well as generates investment income. The Hippo Home Insurance Program segment involves the Hippo-branded homeowners insurance business. The company was founded by Assaf Wand on January 10, 2015 and is headquartered in Palo Alto, CA.