Hippo’s First Connect Simplifies Agent Onboarding with New Carrier Store and Adds Pacific Specialty Insurance

Rhea-AI Summary

First Connect Insurance Services, a subsidiary of Hippo, has announced the launch of its new Carrier Store, enhancing service for independent agents by providing access to over 50 carriers. The platform simplifies onboarding and allows agents to discover new products quickly, including the addition of Pacific Specialty Insurance offerings in property, powersports, and liability. Since its pilot in August, agent interest has surged by 160%, indicating a growing network and improved operational efficiency.

Positive

• Launch of the Carrier Store streamlines onboarding for independent agents.
• Pacific Specialty Insurance products added to the platform, expanding offerings.
• Agent interest increased by 160% since pilot, showcasing growth in networks.

Negative

• None.

First Connect provides independent agents access to over 50 carriers and a wide variety of coverage types including personal lines, small business, life, specialty lines and cyber

PALO ALTO, Calif.--(BUSINESS WIRE)-- First Connect Insurance Services, a digital platform designed to support independent agents by providing access to the nation's top carriers, today announced the launch of its new Carrier Store and the addition of Pacific Specialty Insurance property, powersports and liability products.

(Photo: Business Wire)

First Connect’s new Carrier Store provides an easy-to-use and streamlined experience for agents, recommending specific carriers like Pacific Specialty based on where and what an agent is licensed to sell and simplifying the agent onboarding process.

"The new Carrier Store streamlines the tedious onboarding process for new agents, and helps existing First Connect agents discover new carrier options and start quoting select carrier offerings within minutes,” First Connect President Aviad Pinkovezky. “The new store allows First Connect carriers to quickly grow their agent footprint by targeting agents that meet specific criteria such as location.”

First Connect, a subsidiary of the Hippo Insurance Group, helps level the playing field for independent agencies by leveraging proprietary technology that allows for customization and cross-selling. The agent-centric platform provides access to over 50 carriers and a variety of products that includes home, auto, cyber, small business, life, specialty lines and more. The new Carrier Store helps agents discover additional carriers and products that can be bundled to increase sales.

Carriers also benefit from participating on First Connect, quickly building their network of independent agents based on geographic needs and desired risk profile. Those agent networks have expanded faster since the Carrier Store was first piloted in August of this year, with First Connect carriers seeing a 160% increase in agents seeking to be set up and begin quoting.

First Connect Adds Pacific Specialty Insurance

The company also announced today the addition of Pacific Specialty Insurance’s home (HO3 and HO6), renters, motorcycle, personal liability, watercraft, manufactured home, earthquake, and landlord insurance (DP1 and DP3) to the First Connect Platform. Pacific's products that are sold exclusively through local independent agents and brokers.

“We’re excited to have our property, powersports and liability products available to independent agents on the First Connect platform.” Mike Budnyk, Executive Vice President Sales & Marketing, Pacific Specialty Insurance. “The new Carrier Store improves agent discovery and makes onboarding independent agents faster than ever before.”

To learn more about how First Connect provides independent agencies with access to the leading carriers or to sign up, visit firstconnectinsurance.com.

About Hippo

Hippo is protecting the joy of homeownership, helping to safeguard customers’ most important financial asset by harnessing the power of real-time data, smart home technology, and a growing suite of home services to deliver proactive home protection.

Hippo Holdings Inc.’s (NYSE: HIPO) operating subsidiaries include Hippo Insurance Services, Hippo Home Care, First Connect Insurance Services, Spinnaker Insurance Company, Spinnaker Specialty Insurance Company, and Mainsail Insurance Company. First Connect Insurance Services is a licensed property casualty insurance agent with products underwritten by various insurance companies. For more information, including licensing details, visit http://www.hippo.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221117005247/en/

Mark Olson

press@hippo.com

Source: Hippo

FAQ

What is First Connect's new Carrier Store?

First Connect's new Carrier Store simplifies the onboarding process for agents and provides access to various insurance products.

How many carriers does First Connect work with?

First Connect provides access to over 50 carriers, offering diverse insurance products.

What new products were added by Pacific Specialty Insurance?

Pacific Specialty Insurance added home, powersports, and liability products to the First Connect Platform.

How much has agent interest increased for First Connect?

Agent interest has surged by 160% since the Carrier Store's pilot in August.

What benefits does the Carrier Store provide to agents?

The Carrier Store helps agents discover new carrier options, simplifying the quoting process.