Hiscox selects IVANS to expand reach to independent agencies

IVANS®, a division of Applied Systems®, announced that Hiscox has selected IVANS Markets to automate appetite communications to agents in the US. Leveraging IVANS Markets™, Hiscox will instantly market appetite details for their partner wholesalers, including Apogee, Braishfield Associates, Jimcor Agencies, London Underwriters and USG Insurance Services, to the largest network of independent agencies.

“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.”

IVANS is the insurance industry’s exchange connecting insurers, MGAs, and agencies. IVANS Markets provides insurers and MGAs an industry-first application to instantly communicate appetite and identify new business opportunities with current and prospective agencies. Leveraging this digital channel, built within nine agency management systems, also reduces dependency on time-consuming, manual steps traditionally used to communicate appetite. IVANS Markets directs more in-appetite submissions into your pipeline to drive growth and profitability. With an average of 5 million recommendations to agents each month, insurers and MGAs have greater opportunity for exposure and conversion using IVANS Markets.

“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.”