Hiscox Insurance Company Partners with TrustedChoice.com
The partnership helps drive new business opportunities to agents and brokers who, in turn, will have the ability to quote and bind policies with Hiscox via xagent's Universal Submission App.
MINNEAPOLIS, May 14, 2019 /PRNewswire-PRWeb/ -- TrustedChoice.com, the nation's largest digital marketing platform for independent agents and brokers, announced a new partnership today with Hiscox, the international specialist insurer. The partnership helps drive new business opportunities to agents and brokers who in turn will have the ability to quote and bind policies with Hiscox via xagent's Universal Submission App.
"This partnership with Hiscox informs independent agents and brokers on Hiscox's appetite for business and streamlines the agent process of getting quotes and writing the business," said Vincent Savarese, TrustedChoice.com's Senior Vice President of Carrier Relationships. "TrustedChoice.com attracts about 3 million small-business insurance shoppers annually. For our agents, having easier access to Hiscox will help them better serve those businesses."
"Small businesses are unique, and so are their needs," said Kevin Kerridge, Executive Vice President, Small Business at Hiscox USA. "By presenting our coverage solutions to buyers as they research, and then giving agents and brokers the ability to quickly and easily help the customer is a win for the agents and brokers and for Hiscox."
Agents and brokers will access the Hiscox products by using the xagent Universal Submission App, eliminating manual processes and duplicate efforts. "Our existing relationships with both Hiscox and TrustedChoice.com eliminate the need for lengthy technology integration work," said Bryan Baird, xagent's CEO. "Insurance buyers expect answers on their timetable, and this partnership delivers speed and efficiency to agents and brokers."
"Having Hiscox participating on TrustedChoice.com is a great win for independent agents and brokers. Hiscox is an innovative company, a specialist in the small business insurance market," said Chip Bacciocco, Chief Executive Officer at TrustedChoice.com. "Leveraging the capabilities of xagent increases the value to the IA channel."
About The Hiscox Group
Hiscox is a global specialist insurer, headquartered in Bermuda and listed on the London Stock Exchange. 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 2018 saw the business deliver a profit before tax of $137.4 million in a challenging year for insurers.
The Hiscox Group employs over 3,300 people in 14 countries, and has customers worldwide. Through the retail businesses in the UK, Europe, Asia 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 & ILS. In the US, Hiscox underwrites admitted insurance products through Hiscox Insurance Company Inc., a Chicago-based insurer.
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 http://www.hiscoxgroup.com.
Follow Hiscox USA on Twitter @Hiscox_USA and @HiscoxSmallbiz.
About xagent
Xagent was built by agents for agents, and delivers on the promise of a truly independent single- entry multi-quote exchange for standard and surplus lines business insurance in all 50 states. The company was recently named one of the Top 10 Insurtechs of 2018 by Insurance CIO Outlook.
About TrustedChoice.com
TrustedChoice.com builds leading digital insurtech marketing solutions for the independent insurance agency channel. TrustedChoice.com's solutions suite empowers independent agents and insurers to compete in a digital-first marketplace. Its Advantage digital marketing platform and Agency Nation resources enable agents and insurers to scale their brand visibility to gain and retain clients. The TrustedChoice.com consumer website attracts 500,000-plus visits monthly and offers online insurance consumers a retail-like buying experience, connecting the right risk to the right agent at the right buying moment.
SOURCE TrustedChoice.com
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