Arturo, a deep-learning property analytics company incubated within American Family Insurance, recently announced it has formed a partnership with insurtech startup Hippo Insurance. Arturo reported that its property analysis capabilities, which provides near-real-time physical property characteristics, now integrates with Hippo’s proprietary policy management system.
“Arturo’s AI powered insights allows Hippo to better understand the physical world around a home, by analyzing property photos from satellite, aerial, drone, and ground-level imagery. The result is detailed property information, often in under 5 seconds, which Hippo uses to create highly accurate pricing, delivering home insurance quotes in under 60 seconds and at up to 25% below the industry average. Hippo ultimately can better optimize the underwriting and renewal process, delighting customers and reducing expense ratios.”
Speaking about the partnership, John-Isaac Clark, CEO at Arturo, stated:
“Because Arturo was built from the ground-up inside American Family Insurance, a Top 10 US P&C Insurer, we deeply appreciate and understand the specific and important challenges our partners are trying to solve. We are incredibly excited about announcing our relationship with Hippo Insurance and tirelessly work to integrate our collective products in a way that furthers the customer experience in home insurance.”
Michael Gulla, Senior Director of Underwriting at Hippo, went on to add:
“Hippo’s partnership with Arturo has allowed us to pre-fill very valuable property data and information directly into the customer’s application including roof material, pool presence, and more. These insights streamline the client’s onboarding process, while helping us define a highly accurate initial rating and top-quality underwriting requirements.”