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Hiscox Ireland launches Hiscox Trader – a new e-trading solution for Irish commercial brokers

Dublin, Ireland (2nd August 2016) – Hiscox has launched Hiscox Trader in Ireland, following its successful launch in the UK earlier this year.

Hiscox Trader is the quickest and easiest online quote and placement tool in the market and has transformed our broker experience in the UK. It offers multiple indicative premiums within 10 seconds, a full quote within a couple of minutes and a wide range of products from professional indemnity and public liability to cyber and data. Brokers now benefit from instant quotes as well as the ability to quickly bind cover and receive policy documentation immediately. It also shows brokers quickly where a policy would not be within our appetite, saving time and effort for both brokers and customers.

Commenting on the launch of Hiscox Trader for Ireland, Peter Chapman, eTrade Manager, said: “Our brokers told us they wanted us to make it easier for them to quote and sell Hiscox products to their clients. So we worked closely with a number of them to understand how we could develop an online trading system that would meet their needs and deal with their frustrations when it comes to e-trading.

“The result was Hiscox Trader, a major step forward in our e-trading capabilities and a platform that offers real benefits to brokers in terms of time and ease of use for both quoting and binding risks. Its flexibility also means new products and underwriting changes can be quickly incorporated, further enhancing the service we can offer our brokers and helping them to cement their client relationships. Following its success in the UK since its launch, we are proud to now be launching it for use in Ireland.”

For more details about Hiscox Trader Ireland, brokers can go to: www.hiscoxbroker.co.uk/commercial-insurance/trader/.

Ends

For further information please contact:

Hiscox

Lucy Hensher     +44 (0)20 7448 6619     Lucy.hensher@hiscox.com

Notes to editors

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 2015 helped generate gross premiums written of £1,944.2 million and a profit before tax of £216.1 million.

The Hiscox Group employs over 2,200 people in 14 countries, and has customers worldwide. Through the retail businesses in the UK, Europe 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.

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.