Hiscox Real Time Bind And Pay Live In Appulate

Quote, bind, and pay General Liability risks all on the the Appulate platform.

January 7, 2021 2:00 PM Eastern Standard Time

Appulate, a digital platform that connects MGAs, insurance agents and insureds, today announced that Hiscox, a global specialist insurer, has gone live with a bind and pay functionality for its General Liability program for US small businesses. This technology is available to MGAs and their agents, who can quote, bind, and pay General Liability risks all on the platform.

MGAs using Appulate can bring this automated program to their own agents, as well as tap into the vast network of agencies that use Appulate nationwide. By using Appulate, retail agents will be able to upload ACORD applications and easily complete questions in order to receive a real-time quote.

Five MGAs (Hull and Company, ASIA, Mid-Atlantic, Volta, and First Choice) were quick to take advantage of the automated program from Hiscox.

”Hiscox has developed APIs that allow us to access Hiscox rating information and make rating calls in real-time,” said Lou Liacovelli, President at First Choice Insurance Intermediaries. “This offers our agents a chance to quote with us much faster,” noted Brian Degraw, Vice President at Hull & Co.

Hiscox’s small business General Liability program offers broad coverage for bodily injury, property damage, personal injury, medical expenses and defense costs. The program is available nationally, with the exception of Alaska, and provides insurance for many industries including artisan contractors, landscaping, janitorial services, retail stores, and most office-related professions.

“In addition to the streamlined point of sale that Appulate provides, it has inroads to thousands of agencies that could offer additional opportunities,” said Meagan Pind, Partnership Manager at Hiscox.

Pind added, “We are also very excited that Appulate can save agents time during the application process, so they can spend additional energy on the important things: customer relationships and identifying new opportunities.”

About Appulate

Founded in 2005, Appulate offers an unprecedented level of connectivity to streamline business processes through its innovative abilities to bridge data between insurance systems. Today, Appulate technology is used by more than 35,000 agents and has been recognized by key industry groups and analysts for its contribution to time and cost savings. The combination of Appulate’s advanced technology, outstanding lever of service and high value proposition have made them one of the fastest growing technology companies that serve the insurance industry.

Visit Appulate at www.appulate.com

About Hiscox

Hiscox is a global specialist insurer, headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). Our ambition is to be a respected specialist insurer with a diverse portfolio by product and geography. We believe that building balance between catastrophe-exposed business and less volatile local specialty

business gives us opportunities for profitable growth throughout the insurance cycle.

The Hiscox Group employs over 3,400 people in 14 countries and has customers worldwide. Through the retail businesses in the UK, Europe, Asia and the USA, we offer a range of specialist insurance for professionals and business customers as well as homeowners. Internationally traded, bigger ticket business and reinsurance is underwritten through Hiscox London Market and Hiscox Re & ILS.The General Liability coverage discussed above will be underwritten by Hiscox Insurance Company Inc., a Chicago-based insurance company.

Our values define our business, with a focus on people, courage, ownership and integrity. We pride ourselves on being true to our word and our award-winning claims service is testament to that.

For further information visit www.hiscox.com.

Appulate, not Hiscox, is solely responsible for its products and services. Hiscox makes no representations or warranties relating to Appulate’s products and services or the results obtained by using them.