Hiscox launches new e-trading solution for commercial brokers

22nd February 2016

London, UK (22nd February, 2016) – After a successful pilot, Hiscox has launched Hiscox Trader, a new e-trading solution for UK commercial insurance brokers in partnership with insurance technology specialists Open GI London.

The new cloud-based technology enables brokers to give their customers an indication of price for a wide range of Hiscox products in a matter of 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.

Commenting on Hiscox Trader, Peter Chapman, e-trading Manager at Hiscox said: “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. 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.”

Scott Williams, Head of Professional Indemnity at First Insurance Solutions, added: “Being given the opportunity to work with Hiscox on their new e-trading system has been a great experience for First Insurance Solutions. The ease and speed of quoting has dramatically improved, referrals have fallen, and our conversion rate has increased significantly.”

David Kelly, Director at Open GI London added: “Over the last few months we have been working closely to form a strong partnership with Hiscox UK and deliver a market leading technology solution. With Hiscox Trader, commercial lines brokers can access their impressive product range even more efficiently and effectively.”

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

Ends

For further information please contact:

Hiscox

Abi Clark                     +44 (0)20 7448 6470          [email protected]

Notes to editors

About Hiscox
Hiscox, the international specialist insurer, is headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). There are three main underwriting divisions in the Group - Hiscox London Market, Hiscox Re and Hiscox Retail (which includes Hiscox UK and Europe, Hiscox Guernsey, Hiscox USA and subsidiary brand, DirectAsia). Hiscox underwrites internationally traded, bigger ticket business and reinsurance through Hiscox Re and Hiscox London Market. Through its retail businesses in the UK, Europe and the US Hiscox offers a range of specialist insurance for professionals and business customers, as well as homeowners. For further information, visit www.hiscoxgroup.com.

For more information on Open GI London, please contact:

Helen Andrews, Group Head of Marketing & PR on 07834 560922 or email [email protected].


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