Appetite Finder Checks with Multiple Carriers
to Gauge their Appetite for Specific Risk Profiles
PALO ALTO, Calif., March 21, 2024 /PRNewswire/ -- First Connect
Insurance Services, a digital platform designed to provide
independent agents access to some of the nation's top carriers,
announced today that it has partnered with Hiscox USA, and subsequently hit the 100-carrier and
MGA milestone. First Connect also launched a new Appetite Finder
feature today, making it easier for agents to match their client's
coverage needs with carrier appetites.
"Our growth is the direct result of our ability to attract a
variety of carriers to First Connect and provide independent agents
with the optionality they need to build their businesses," said
First Connect President, Aviad
Pinkovezky.
Recently added to the platform, Hiscox USA provides same-day coverage for small
businesses with $5M or less in annual
revenue. The carrier allows agents to bind General Liability,
Personal Liability, Business Owner's Policy, and Cyber Security
coverage through a fast and easy all-digital experience.
"We partnered with First Connect because they go above and
beyond for independent agents, making their lives that much easier
with an intuitive experience," said Hiscox USA CEO Kevin
Kerridge. "We share those same priorities for all of our
customers, and champion user-friendly tech solutions for small
businesses that simplify, rather than overcomplicate."
The new Appetite Finder checks with multiple carriers to gauge
their appetite for a specific risk profile, a complex problem to
solve manually due to the dynamic nature of industry changes. The
new feature considers both already appointed carriers and new
carriers who may be seeking that specific type of
business.
"The value we deliver to agents is even more pronounced in a
hard market, with rapid developments across the insurance industry.
Appetite Finder addresses those challenges, confirming carrier
appetite based on geography and business class without the need for
a lengthy quote process," said Pinkovezky.
Commercial products have grown increasingly popular among agents
navigating a challenging personal lines market. First
Connect'sportfolio includes leading commercial carriers like
Coterie Insurance.
"Since first partnering with First Connect in 2021, they have
become a key distribution channel for Coterie, allowing us to reach
independent agents working with small and medium-sized business
owners," said Coterie CEO David
McFarland. "We've found a great fit with our instant
business insurance solution and First Connect agents across the
country."
To learn more about how First Connect provides independent
agencies access to the leading carriers or to sign up, visit
firstconnectinsurance.com.
About Hippo
Hippo is protecting the joy of homeownership, helping to
safeguard customers' most important financial asset by harnessing
the power of real-time data, smart home technology, and a growing
suite of home services to deliver proactive home protection. Hippo
Holdings Inc.'s (NYSE: HIPO) operating subsidiaries include Hippo
Insurance Services, Hippo Home Care, First Connect Insurance
Services, Spinnaker Insurance Company, Spinnaker Specialty
Insurance Company, and Mainsail Insurance Company. First Connect
Insurance Services is a licensed property casualty insurance agent
with products underwritten by various insurance companies. For more
information, including licensing details,
visit http://www.hippo.com.
Contact
Mark Olson
press@hippo.com
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SOURCE Hippo Holdings Inc.