Full-Time

Senior Analyst

Reinsurance

Posted on 1/20/2025

Hippo Insurance

Hippo Insurance

501-1,000 employees

Homeowners insurance with smart technology integration

No salary listed

Senior

Dallas, TX, USA + 1 more

More locations: Bedminster, NJ, USA

Category
Insurance
Finance & Banking
Required Skills
Data Analysis
Requirements
  • Minimum 4 - 7 years’ experience working in reinsurance related accounting or operational roles
  • Bachelor's Degree or higher in Accounting, Finance or Business Administration
  • Demonstrated their ability to understand insurance and re/insurance contract wording
  • Familiarity with various reinsurance contract types, such as pro-rata, per risk, Cat xol etc.
  • Understanding of insurance operations including underwriting, claims, and reinsurance
  • Advanced MS Office skills capable of creating complex reports, templates, process workflows and checklists, and settlement statements; ability to review and efficiently identify data errors, cleans data, sort, quantify and create reports for internal and external analysis
  • Strong organizational skills, analytical, problem solving, technical skills and the ability to effectively manage time and multitask
  • Strong and effective verbal and written communication skills and the ability to interact with co-workers, management, and internal/external customers
  • Self-motivated and directed; ability to collaborate is a must, but you will be autonomous and expected to succeed without heavy direction
  • Strong intellectual curiosity and a desire to help others solve problems. Flexible and willing to do what is needed to get great work done
  • A natural inclination to work within a culture that is fast-paced and dynamic
Responsibilities
  • Responsible for operationalizing the contract after placement until commutation or until all balance has been settled
  • Act as liaison and single point of contact for department leads, subject matter experts, IT (both internal and the Ceded Re system software vendor) and the data team
  • Meet with business users to understand process and document business needs and solutions
  • Communicate effectively to provide updates to stakeholders on items like status, risks, expectations, and timeline. Analyze and document business processes and requirements
  • Supports post-implementation activities, supports analysis to identify root cause and problem solving
  • Day to day management of Ceded Re billing and collections process, including cash applications
  • Coordinate reporting and reconciliations with third parties, including reinsurance brokers and reinsurers
  • Support ongoing maintenance of the Company’s Ceded Re system and implementation of new contracts when needed
  • Review new and existing contracts and ensure they are established and set up appropriately in the Company’s systems and processes
  • Read and interpret accounting implications of PA/MGA and reinsurance contracts to support profit commissions and portfolio transfers for accounting, underwriting, PAs, brokers, and reinsurers
  • Provide ongoing reporting for reinsurance recoverable and payables, explaining trends and industry norms

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 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 and proactive care into their insurance offerings.

Company Size

501-1,000

Company Stage

IPO

Headquarters

Palo Alto, California

Founded

2015

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased smart home device adoption boosts demand for Hippo's integrated insurance policies.
  • Partnerships like Snapsheet enhance claims processing efficiency and customer satisfaction.
  • Proactive home maintenance trends align with Hippo's business model, driving growth.

What critics are saying

  • Competition from InsurTech startups may erode Hippo's market share.
  • Rising smart home technology costs could impact Hippo's profitability.
  • Regulatory scrutiny on data privacy may increase compliance costs for Hippo.

What makes Hippo Insurance unique

  • Hippo integrates smart home technology with insurance for proactive home protection.
  • The company offers personalized maintenance advice through the Hippo Home app.
  • Hippo's New Homes Program enhances access to insurance for new homeowners.

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

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Flexible Work Hours

Paid Vacation

Paid Sick Leave

Paid Holidays

Hybrid Work Options

Company Equity

401(k) Retirement Plan

401(k) Company Match

Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

0%
PR Newswire
Jan 8th, 2025
Hippo'S Housepower Report Reveals Top Trends Shaping The Homeowner Experience In 2025

From Renewed Commitments to DIY Home Maintenance to Purchasing Flood Insurance, U.S. Homeowners Embrace Proactive Strategies to Protect Their InvestmentPALO ALTO, Calif., Jan. 8, 2025 /PRNewswire/ -- Hippo (NYSE: HIPO), the home insurance group focused on proactive home protection, today released findings from its third annual Housepower Report. The national survey of over 2,000 U.S. homeowners revealed the creative steps homeowners are taking to protect their homes in 2025."In 2024, when faced with unexpected repairs, many homeowners shelled out high out-of-pocket costs to manage their homes," said Hippo President and CEO Rick McCathron. "We understand the importance of preventative care and are here to help homeowners confidently protect their homes, and in turn, their primary financial investment, from offering insurance coverage tailored to their needs to providing personalized maintenance advice in the Hippo Home app all year long."Findings from the 2024 Housepower Report Include:Unexpected Repair Costs Soared in 2024In 2024, nearly half (46%) of homeowners spent more than $5,000 on unexpected repairs - an increase from 36% in 2023

PR Newswire
Nov 8th, 2024
Hippo Reports Third Quarter 2024 Financial Results

PALO ALTO, Calif., Nov. 8, 2024 /PRNewswire/ -- Hippo (NYSE: HIPO), the home insurance group focused on proactive home protection, today announced its consolidated financial results for the three months that ended September 30, 2024. "The positive momentum we've built over the past year continued in the third quarter as we took a significant step forward on our path to profitability," said Hippo President and CEO Rick McCathron. "We strengthened our foundation for future growth by continuing to develop our Hippo New Homes Program and delivered our best-ever year-over-year improvement to our HHIP non-weather loss ratio--positioning us for a successful fourth quarter and sustained growth in 2025 and beyond.". Hippo also announced that it sold a majority stake in First Connect Insurance Services to Centana Growth Partners, who will invest new capital into First Connect to fund its future growth

PR Newswire
Aug 8th, 2024
Hippo Reports Second Quarter 2024 Financial Results

PALO ALTO, Calif., Aug. 8, 2024 /PRNewswire/ -- Hippo (NYSE: HIPO), the home insurance group focused on proactive home protection, today announced its consolidated financial results for the three months that ended June 30, 2024. Complete financial results and full year guidance for 2024 can be found in the company's shareholder letter in the Investor Relations section of Hippo's website at https://investors.hippo.com/. "Our plan to reduce the volatility in our homeowners program passed its first meaningful test, as we delivered a substantial year-over-year reduction in catastrophic losses despite another quarter of elevated severe weather," said Hippo President and CEO Rick McCathron. "We used proprietary technology to drive efficiencies into our operations, which resulted in higher customer lifetime value and lower customer acquisition costs, and we improved access to insurance for customers buying new homes. We are well-positioned for continued growth and on track to achieve our long-stated goal of positive Adjusted EBITDA in Q4."

Snapsheet
May 7th, 2024
Modern Insurance, Modern Solutions: Snapsheet and Hippo Partner to Deliver a Seamless and Efficient Claims Process for Homeowners

CHICAGO, IL [May 7th, 2024] - Snapsheet, a pioneer in cloud-based claims management software and virtual appraisals, announced today it is partnering with Hippo, the home insurance group focused on proactive home protection, to enhance the claims experience for homeowners.

PR Newswire
May 2nd, 2024
Hippo Reports First Quarter 2024 Financial Results

PALO ALTO, Calif., May 2, 2024 /PRNewswire/ -- Hippo (NYSE: HIPO), the home insurance group focused on proactive home protection, today announced its consolidated financial results for the three months that ended March 31, 2024. Complete financial results and full year guidance for 2024 can be found in the company's shareholder letter in the Investor Relations section of Hippo's website at https://investors.hippo.com. "The critical work we began last year to reduce CAT exposure and streamline our operations, without sacrificing growth, continued in the first quarter," said Hippo President and CEO Rick McCathron. "Our growth accelerated in Q1, and we expect it to accelerate further later this year as we continue to reopen and expand business where we have a competitive advantage and confidence in expected profitability as we progress toward positive Adjusted EBITDA."

INACTIVE