Full-Time

Compliance Manager

Spinnaker

Confirmed live in the last 24 hours

Hippo Insurance

Hippo Insurance

501-1,000 employees

Homeowners insurance with smart technology integration

Financial Services
Consumer Goods

Senior, Expert

Austin, TX, USA + 2 more

More locations: Dallas, TX, USA | Bedminster, NJ, USA

Category
Risk & Compliance
Legal & Compliance
Required Skills
Data Analysis
Requirements
  • 7+ years’ experience as a compliance professional in the insurance industry
  • Bachelor’s degree
  • Demonstrated professionalism, detail-oriented, strong communication and organization skills
  • Working knowledge of insurance laws and regulations relevant to insurance company operations
  • An analytical mind able to see the complexity of regulations and procedures with the ability to solve problems as they arise
  • Ability to work independently and as part of a team
  • Ability to work under pressure in a fast-paced environment while maintaining multiple projects and responsibilities
  • Proficient with Microsoft Office products including Word and Excel
Responsibilities
  • Managing filings calendar for P&C and E&S insurance companies doing business in all 50 states and multiple lines of business, including annually updating calendar to reflect all state filing requirements
  • Preparing and submitting recurring monthly/quarterly/annual data calls, surveys, and ad hoc DOI requests including, not limited to: Statistical Data Filings, Fair Plans, Market Conduct Annual Statement and other Surveys, Emergency Assessments, Mine subsidence reports, Surcharge Reports, Fee and Assessment reporting
  • Coordinating Annual Statement State Checklists including compiling all state checklists, preparing non-financial reports and forms, and working with Annual Statement Coordinator as may be necessary for timely filing of Annual Statements
  • Supporting Company Licensing and related projects including maintaining Company Lines of Business charts, seeking State and Lines of Business expansions, and coordinating with Underwriting to ensure appropriate lines are obtained for business initiatives
  • Coordinating the issuance of Letters of Authority providing authority to Program Partners to make Rate, Rule and Form filings on behalf of the Company, ensuring accuracy of authorized states and Lines of Business
  • Supporting Due Diligence and On-Boarding/Off-Boarding program partners as related to various regulatory matters
  • Serving as subject matter expert on state-specific bureaus and other regulatory matters, create solutions to complex regulatory issues, escalating issues as appropriate
  • Strategically communicating with Regulators and stakeholders in response to inquiries, objections, and day-to-day matters
  • Maintaining robust and transparent filing documentation such that it is easily accessible by stakeholders
  • Collaborating across functional areas, including Finance, Underwriting, IT, and Legal, as well as with program partners to ensure the accuracy and integrity of all filings and day-to day matters
  • Assisting in other regulatory and compliance matters including special projects as may be assigned from time to time

Hippo provides homeowners insurance that combines traditional coverage with smart home technology and proactive home care services. Their insurance policies not only protect homes but also include advanced features like smart home devices that help identify and prevent potential issues before they occur. This proactive approach sets Hippo apart from other insurance providers, as they focus on keeping homeowners informed and prepared. The company generates revenue through the sale of these insurance policies and additional home care services. Hippo's goal is to enhance property protection and provide peace of mind to homeowners by integrating technology into their insurance offerings.

Company Stage

N/A

Total Funding

$1.2B

Headquarters

Palo Alto, California

Founded

2015

Growth & Insights
Headcount

6 month growth

-2%

1 year growth

-9%

2 year growth

-12%
Simplify Jobs

Simplify's Take

What believers are saying

  • Hippo's growth in Q1 2024 and the expectation of further acceleration indicate strong business momentum.
  • The launch of the Appetite Finder feature and the milestone of 100 carriers and MGAs on First Connect highlight Hippo's innovative approach and market penetration.
  • Significant revenue growth, as evidenced by an 80% surge to $64 million, showcases Hippo's successful business strategies.

What critics are saying

  • Hippo's recent layoffs, including a 20% reduction in staff, could indicate underlying financial or operational challenges.
  • The $273 million loss at the end of 2023 raises concerns about the company's profitability and long-term sustainability.

What makes Hippo Insurance unique

  • Hippo's focus on proactive home protection sets it apart from traditional home insurance providers who typically offer reactive solutions.
  • The partnership with Snapsheet enhances Hippo's claims process, providing a seamless and efficient experience for homeowners.
  • First Connect's digital platform, which connects independent agents with top carriers, adds a unique value proposition to Hippo's offerings.

Help us improve and share your feedback! Did you find this helpful?