Ep 110 Rick McCathron President, Hippo: A path to profit, but on our own timeline

Today’s guest is from one of the highest profile firms from the
group of pioneering US insurtechs that emerged in the middle of
the last decade. Hippo Insurance, along with many of its
trailblazing peers, is now a public company. But despite the
transparency this brings, it’s easy to look at Hippo and become
confused by a whirl of alliances, structures and news
announcements. One analyst recently complained that it looked
like Hippo was throwing different strategies against the wall and
seeing which ones would stick. In the light of this podcast that
doesn’t seem fair. Today’s guest would counter that Wall Street
hasn’t really got its head around the variety in the
newly-arrived insurtech sector and currently tends to put them
all in the same bucket. Hippo’s President Rick McCathron joined
the business five years ago. With almost 30 years’ P&C
experience, Rick has insurance running through his veins and is
incredibly focused on what Hippo’s mission is and how he is
setting out to achieve that. Insurance people can relate to him
and he is excellent company. Listen on and any lingering doubts
about this firm’s clarity of purpose will melt away.


NOTES Rick mentions the 'CAC to LTV' ratio. This stands for
customer acquisition cost to lifetime value. ie a measure of how
effective your marketing/acquisition spend is. LINKS We thank our
naming sponsor AdvantageGo - enabling an enterprise view of
exposure: https://www.advantagego.com/


We also thank Claims Direct Access (CDA) for their support today:
https://www.claimsdirectaccess.com/