Case Study: Hippo Insurance improves risk modeling and reinsurance pricing with Smarty rooftop geocoding

Hippo and Rooftop Geocodes for Accurate Fire and Weather Risk Modeling

Hippo Insurance, a property insurance company, needed precise location data to accurately predict wildfire and weather risks for pre-construction homes, which is critical for securing reinsurance. Their challenge was obtaining this data before addresses were officially assigned and available in standard databases. They turned to their vendor, Smarty, for a solution.

Smarty provided rooftop-level geocoding, which gave Hippo the exact location of future home structures on a parcel. This solution allowed Hippo to accurately model catastrophe risks and understand its exposure. The results included more confident risk predictions and the measurable impact of securing better pricing on its reinsurance treaties. Hippo was so satisfied that it consolidated its address verification and autocomplete needs solely with Smarty.

Hippo Insurance

Heather Galgan

Director of Underwriting Operations