Hiscox to Make General Liability Program for US Small Businesses Available to MGAs Using Appulate

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Hiscox to Make General Liability Program for US Small Businesses Available to MGAs Using Appulate

Chicago, IL – October 4, 2018 –  Appulate today announced that Hiscox, a global specialist insurer,   will make its General Liability program for US small businesses available to MGAs and their agents using Appulate. The program will permit agents to experience real-time quoting of GL risks right from within Appulate and give them the opportunity to bind through Hiscox 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.

”Hiscox has developed APIs that allow Appulate’s technology to access Hiscox rating information and to make rating calls,” said Dimitri Nikouline, Chief Technology Officer at Appulate, Inc. “This offers our users real-time quoting capability and reduces steps in the overall point of sale workflow,” noted Nikouline.

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.

“Our relationship with Appulate will really help our MGAs,” said Will Chambers, Partnership Manager at Hiscox. “In addition to the streamlined point of sale that Appulate provides, they have inroads to thousands of agencies that could offer additional opportunities.”

Chambers 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.”

Appulate is planning to be live with the Hiscox GL program at the start of 2019.

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 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 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. It’s a long-standing strategy which in 2017 saw the business deliver a profit before tax (excluding foreign exchange) of £93.6 million despite reserving net $225 million for claims in the costliest year ever for natural catastrophes.

The Hiscox Group employs over 2,700 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.

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. This information is neither intended nor should be construed to be a solicitation for the purchase of insurance by any US person or entity.

For further information visit www.hiscox.com.