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.
We started to implement indications in the Appulate system a while ago. Now we’ve added new statuses to help you track the progress and minor tweaks to smooth your user experience.
An indication is a non-binding rate of the estimated premium. If you are satisfied with the indication, you are expected to provide new information on the Q&A tab or market’s website to get a bindable quote.
We continue to expand the quote functionality. This time we’re implementing a quote cover page for market users.
A quote cover page is an additional page attached to an uploaded or generated quote. This feature is implemented mainly for MGAs, since they need to provide information that affects the policy premium, such as commissions, or binding requirements not included in the quote. To turn on this feature for your company, please contact us at firstname.lastname@example.org.