Established in Germany since 1995 and headquartered in Munich, Hiscox Germany is a specialist in property damage liability insurance for the service industry such as IT companies, consultants and media agencies.
The 3-6 month go-to-market capability of +Simple platform enables Hiscox to create new product packages and test them quickly through existing distribution networks (brokers, start-ups etc). The first experiment was with the broker Quadrivium Deutschland (Saarbrücken) on Direct Sales agents.
For a given platform, +Simple creates an infinity of front-ends for every new partner and creates automated ad-hoc reportings for Hiscox to monitor portfolio evolution and learn from various sources of data.
With its integrated and autonomous value chain, +Simple has a minimal impact on legacy Hiscox IT system, enabling minimum expenses on underwriting, policy management and claims resolution.
"+Simple is a fantastic distribution tool that can adapt to all kinds of channels and support our growth ambitions while containing our expenses "
- CEO Hiscox Germany