Avi Ben-Hutta
Editor at Coverager

Hiscox exploring other options for DirectAsia

Last September, Hiscox announced an agreement to sell DirectAsia, its business operations in Singapore and Thailand predominantly providing motor insurance, to Ignite Thailand Holdings Limited, which owns online insurance broker Roojai.

The insurer has now provided an update that the deal has been terminated as the terms have not been met within the agreed time period.

Hiscox said that it is exploring other options for DirectAsia.

DirectAsia reported $31 million in written premiums for the first six months of 2024.

Strategy

Cachet partners with Taskrabbit

By Avi Ben-Hutta ·

Freelancers will now be able to secure coverage for income loss due to accidents, family leave and long-term disability.

Product

Hiscox launches Personnel Security Plus

By Coverager ·

Personnel Security Plus provides businesses with additional protection for their employees who are becoming increasingly vulnerable to a wide range of risks.

Innovation

Hiscox goes live with generative AI

By Coverager ·

The new underwriting model enables Hiscox’s sabotage and terrorism line of business to significantly reduce the time taken from the submission of a risk through to the quote stage.

Financials

Highlights from Hiscox’s Q2’24 earnings call

By Shefi Ben-Hutta ·

Hiscox spent $50 million on marketing in the first half of the year, a more than 30% increase compared to last year.

Hiscox exploring other options for DirectAsia

Share this

Get Coverager to your inbox

Cachet partners with Taskrabbit

Hiscox launches Personnel Security Plus

Hiscox goes live with generative AI

Highlights from Hiscox’s Q2’24 earnings call