HCI Group’s insuretech unit tops $50M in premiums
November 26, 2019 - Premiums at TypTap Insurance Co., a subsidiary of Tampa-based HCI Group Inc. (NYSE: HCI), have surpassed $50 million. The company achieved that benchmark ahead of projections, a news release said. "Gross written premiums at TypTap have grown more than fourfold since the third quarter of 2018,” said Paresh Patel, HCI chairman and CEO. “This rapid growth is organic and, most important, profitable. We’re not sacrificing margins for the sake of growth.” TypTap’s operations are made possible by insurance-related information technology developed by HCI’s software subsidiary, Exzeo USA Inc.