Hiscox launches new e-trading solution for commercial brokers

Hiscox launches Hiscox Trader, a new e-trading solution for UK commercial insurance brokers, after a successful pilot.

Hiscox has launched Hiscox Trader, a new e-trading solution for UK commercial insurance brokers in partnership with insurance technology specialist 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.

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.”

“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.”

Commenting on Hiscox Trader, Peter Chapman, e Trading Manager at Hiscox, said:

“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.”

Scott Williams, Head of Professional Indemnity at First Insurance Solutions, 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.”

David Kelly, Director at Open GI London, added:

For more information about Open GI London or Open GI, please contact:

Helen Andrews
Group Head of Marketing & PR

Notes to Editors:

Open GI is one of the leading technology partners to the General Insurance industry. Open GI provides a range of configurable insurance software to insurance brokers, underwriting agencies, insurers and MGAs in the UK and Ireland.

Its digital insurance solutions, which includes Mobius and Core, provide multi-line, multi-channel, multi-brand trading capability complemented by innovative eCommerce and mobile technologies.

Open GI is part of the Open International Group and has 550 staff across offices in Worcester, Dublin, London, Winchester, Milton Keynes, Skopje and Krakow.