As Insurtech valuations tumble, Hippo Insurance gears for growth

Originally published at: As Insurtech valuations tumble, Hippo Insurance gears for growth - Daily Fintech

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…