’It is essential that schemes remain flexible, accessible and responsive to rapidly changing market needs and that they run efficiently,’ says head of digital trading
Hiscox and IS2 have extended their relationship with a new partnership deal, a statement released today (11 July 2023) said.
The move will see IS2 will deliver a multi-channel digital roadmap for the insurer, which aims to reduce the cost of its distribution and increase the efficiency of its schemes.
Hiscox said the move to sign a new deal came with it having a “busy pipeline of new multi-channel products planned”.
This includes a scheme for a major retailer, improvements to its events product and a new treatment and professional liability scheme due to launch this year.
Laura Shaw, head of digital trading at Hiscox, said: “It is essential that schemes remain flexible, accessible and responsive to rapidly changing market needs and that they run efficiently – delivering growth for us and our brokers.
“That requires a sophisticated digital platform which IS2 provide and they understand our market.
“We’ve enjoyed a great working relationship with IS2 and value their consultancy in addition to their market-leading technology.”
’Delighted’
IS2 is an independent digital trading and distribution platform for the schemes market.
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The new deal is an extension of a 10-year relationship between the firm and Hiscox.
IS2 founder and managing director Simon Pritchard said he was “delighted and proud” to be extending this partnership.
“Hiscox requires a strong, nimble and responsive platform, to quickly launch new schemes in line with demand and across any channel,” he added.
“Brokers need to know that they can design a scheme for the individual needs of each profession within a class of business.
“It is essential that the platform can deliver tailored underwriting and a sophisticated customer journey, whilst maximising efficiency.
“Hiscox schemes are tailored specifically for their partners, with the benefit of speed of delivery for changes to rates and wordings managed centrally.”
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