After a successful pilot, Hiscox has launched Hiscox Trader, a new cloud-based e-trading system for U.K. commercial insurance brokers.
The new technology, developed with insurance technology specialists Open GI London, helps brokers to give their customers pricing for a wide range of Hiscox products in seconds, and provides a full quote in a matter of minutes. Hiscox policies available via Hiscox Trader include professional indemnity, office, public and products liability and newer covers such as cyber and data insurance.
“Our brokers told us they want it to be even easier for them to quote and sell Hiscox products to their clients. We worked closely with a number of our broker partners to understand how we could develop an online trading system that would meet their needs and the result is Hiscox Trader – a major step forward in our e-trading capabilities,” said Peter Chapman, e-trading manager at Hiscox.
“Its flexibility means product and underwriting changes can be quickly incorporated, which enhances the service we offer our brokers and helps them to cement their client relationships,” Chapman added.
*A version of this story ran previously in our sister publication Insurance Journal.