MS&AD Insurance, a Japanese insurance company, agreed to invest $350m in Hippo Insurance, a home insurance provider. "Mitsui Sumitomo is one of the best when it comes to risk management and shares our desire to leverage data and analytics to create better outcomes for homeowners. We’re excited to deepen our partnership and gain additional catastrophe modeling expertise from one of the world’s largest insurers," Assaf Wand, Hippo CEO and Co-Founder.