HCI Group Launches InsurTech Platform for Homeowners’ Insurance
HCI Group, Inc. (HCI)
Last hci group, inc. earnings: 3/5 04:15 pm
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Source: GlobeNewswire
TAMPA, Fla., April 25, 2018 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI) announced today that its wholly owned insurance subsidiary, TypTap Insurance Company, has extended its proprietary online quoting and binding platform to include homeowners’ insurance. Previously, the platform was limited to offering TypTap’s flood insurance product. “Over the past two years TypTap’s InsurTech platform has made TypTap the fastest growing admitted flood insurer in the state of Florida,” said Paresh Patel, HCI’s chairman and chief executive officer. “We plan to leverage the same technology for our homeowners’ insurance offering. This platform uses a process we call ‘positive underwriting’ to streamline the underwriting and sales process. Our initial plan is to launch TypTap’s homeowners’ insurance offering, TypTap Home™, in Florida.” HCI’s InsurTech is developed internally by its Exzeo technology division. For more information on TypTap, please visit www.typtap.com. About HCI Group, Inc.HC
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- 4/18/24 - Form 4
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