API platform provider Ask Kodiak has expanded its partnership with Hiscox and will now support its direct small commercial product appetite and eligibility in the US.
Kodiak’s platform is designed to allow insurers to store, update, and share information with any distribution partner for maximum efficiency and quote-to-bind speed.
By communicating the product and appetite information to wholesale partners in real-time, agents and underwriters can save time and energy otherwise spent on out-of-appetite risks.
“Ask Kodiak is a great partner, which is why we decided to increase our utilization of their platform to make it the single source of Hiscox USA’s risk appetite, to be used both internally and for our wholesale distribution partners,” said Kevin Kerridge, executive vice president, small commercial at Hiscox USA.
“As the leading online insurer of small businesses in the U.S., we understand the value of partnering with best-in-class technology partners to offer our producers and small business customers the finest and most robust solutions.”
“Hiscox is one of the truly leading digital carriers that understands the value of offering its distribution partners the most efficient way to access their insurance risk appetite,” said Michael Albert, co-founder of Ask Kodiak.
“Ask Kodiak uses the most precise and granular classification code system – NAICS HD – to ensure our carrier partners efficiently classify and underwrite profitable risks.”