Menu

Reinsurance News

Hiscox selects IVANS Markets to tap independent agencies network

16th October 2019 - Author: Matt Sheehan

Global specialist re/insurer Hiscox is set to expand its reach to independent agencies using IVANS Markets, which promises to provide access to a network of more than 32,000 agents.

Hiscox logoLeveraging the service from IVANS, a division of Applied Systems, Hiscox will market appetite details for its partner wholesalers, including Apogee, Braishfield Associates, Jimcor Agencies, London Underwriters and USG Insurance Services.

“We are always looking for innovative ways to put our products in front of agents at the moment they are searching for appetite,” said Tatiana DeJongh, senior partnership manager, Hiscox USA.

“IVANS Markets will enable us to create more awareness of our products and drive more profitable business through our wholesale partners,” she added.

IVANS Markets provides re/insurers and MGAs with an application to instantly communicate appetite and identify new business opportunities with current and prospective agencies. The digital channel also aims to reduce dependency on more time-consuming manual processes.

On average, IVANS Markets communicates 5 million recommendations to agents each month.

“Specialty insurers typically do not have a large agency network in which they can promote their appetite, making it time consuming and tedious to build new agency relationships,” said Brian Wood, Vice President of Data Products Group, IVANS Insurance Solutions.

“Leveraging IVANS Markets, Hiscox will be able to expand their product awareness and more quickly drive growth with a broader network of agencies.”

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Munich Re’s automation insurtech eyes mid-tier market

Munich Re Group's specialist insurtech subsidiary, Munich Re Automation Solutions Ltd, is set to bring its auto-underwriting expertise to the...

Close