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Hiscox Real Time Quote Live in Appulate
Chicago, IL – August 5th, 2019 – Appulate today announced that Hiscox, a global specialist insurer, has gone live with a new tool from Appulate that allows MGAs and their agents to obtain quotes for its General Liability program for US small businesses. The program will permit agents to experience real-time quoting of GL risks within Appulate’s solution and give them the opportunity to bind policies through a Hiscox and MGA cobranded portal immediately afterwards.
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 additional questions in order to receive a real-time quote.
Two MGAs (First Choice Insurance Intermediaries and Hull & Co.) were quick to take advantage of the automated program from Hiscox.
“Hiscox offers a great product at competitive prices,” said Brian DeGraw, Vice President at Hull & Co. “Now that we can offer this product on Appulate, retail agents can take advantage of an automated solution to more quickly and efficiently provide coverage for their small business clients”
Hiscox’s small business General Liability program offers broad coverage for claims of 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.
“Our vision is to place our products in areas where our MGA/wholesale partners’ agents spend most of their time – whether that is a partner portal, carrier portal, or the Appulate platform.” said Will Chambers, Partnership Manager at Hiscox. “With Appulate attracting thousands of agents to their platform, offering our GL product through Appulate will allow our partners to get closer to their current agents and attract additional clientele as well.”
Chambers added, “We are also very excited to partner with Appulate, which can save agents time during the application process, so they can spend additional energy on the important things: customer relationships and identifying new opportunities.”
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 30,000 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 The Hiscox Group
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. It’s a long-standing strategy which in 2018 saw the business deliver a profit before tax of $137.4 million in a challenging year for insurers.
The Hiscox Group employs over 3,300 people in 14 countries and has customers worldwide. Through the retail businesses in the UK, Europe, Asia and the US, 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. In the US, Hiscox small business Insurance is underwritten by Hiscox Insurance Company Inc., a Chicago-based insurance company.
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, quality, courage and excellence in execution. We pride ourselves on being true to our word and our award-winning claims service is testament to that. For more information, visit www.hiscoxgroup.com.
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The content provided above is provided for general informational purposes, but is not intended, nor shall it be deemed, to be business, legal or insurance advice for any particular or specific person or entity.