New, digital proposition exclusive to brokers aims to simplify the customer experience and make brokers’ lives easier.
Focusing on Mid and High Net Worth personal lines insurance in the UK, Hoxton Insurance Services will offer protection for homes, possessions, fine art, valuables, cars, travel and investment properties. Its digital proposition provides clients with a single policy covering all selected insurance products, a simplified quote and buy journey, full lifecycle policy management and a web-based trading platform for brokers.
Supported by capital from leading specialist insurer Hiscox, Hoxton Insurance Services has digitised and automated the underwriting process to simplify data input, shorten question sets and help reduce the risks of under-insurance.
Commenting on the launch, Justin Gott – Managing Director at Hoxton Insurance Services, said: “Hoxton Insurance Services delivers an elegant digital solution for brokers and their clients, and aims to improve on every stage of the insurance process — from placement through to renewal and claims. We want to reinvent the broker and client experience for Mid and High Net Worth personal lines business.
“With capital provided by leading specialist insurer Hiscox, our innovative proposition is sold exclusively through brokers and gives them the opportunity to develop their personal lines business with modern technology, excellent products and great service. Clients benefit from all their insurance needs being consolidated under a single policy with a single renewal date, a light-touch renewal process and an interest free, monthly direct debit payment plan.”
Andy Colbran, Chief Executive Officer at NuVenture, added: “Hoxton Insurance Services is the first MGA launched under the NuVenture banner and sets the standard for the digital transformation NuVenture is to be known for. In addition to offering quality personal lines insurance, Hoxton Insurance Services responds to the needs of all stakeholders, including brokers looking for fresh, new options and capital providers.”
About Hoxton Insurance Services
Through thoughtful use of data, technology and digital automation, London based Hoxton Insurance Services (www.hoxtoninsuranceservices.com) aims to make high value personal lines insurance simpler for brokers and clients. By rethinking the entire insurance buying process and ingesting data from external sources, Hoxton Insurance Services aims to deliver an attractive solution for brokers and clients alike. Hoxton Insurance Services is a subsidiary of NuVenture International Ltd and its insurance partner is the FTSE listed specialist insurer Hiscox.
About NuVenture International Ltd
NuVenture (www.nuventure.com) nurtures, develops, and supports a diverse portfolio of MGAs, each benefitting from an extensive range of mid- and back-office functions provided by strategic partner, Xceedance. With an innovative insurance business model — built on modern, scalable technology and guided by core values of integrity and transparency — NuVenture and its MGA members focus on influencing sustainable change in the MGA market.
Stephen Breen, Rein4ce Ltd
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