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As Insurtech valuations tumble, Hippo Insurance gears for growth

In the past year, technology stocks trailed on Wall Street, but insurtech stocks saw major declines. Lemonade fell to a market cap of $2.3B, more than 50% compared to its trading day price. Since its SPAC merger, Hippo’s market cap dropped to $1.5B from $5B. Root, a car insurance specialist went public in 2020 and […]

The post As Insurtech valuations tumble, Hippo Insurance gears for growth appeared first on Daily Fintech.

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