- HSB Partners with Appulate to Offer Automated Workflow Platform
- Agents and Brokers Can Rate, Quote and Bind Insurance Online
- Coverage for Cyber Risks and Equipment Breakdown
Streamlined Process Reduces the Need to Rekey Data
HARTFORD, Conn.–(BUSINESS WIRE)–#Insurance–HSB continues to add new digital tools for agents and brokers to access its insurance products, offering real-time technology that makes it easy to rate, quote and bind HSB’s cyber and commercial equipment breakdown coverages online, the company said today.
Using the automated workflow platform provided by Appulate, a leader in digital technology for property-casualty insurance, agents can upload ACORD data directly from their management systems and the information interacts with HSB to provide an instant rate and quote.
Once an agent or broker reviews the quote, they can bind HSB’s equipment breakdown or cyber coverages online.
It’s free to register and use Appulate’s digital platform to quote and bind HSB’s Total Cyber™ and HSB TechAdvantage™ Equipment Breakdown insurance coverages. The streamlined process reduces data entry and saves agents an average 40 minutes for each submission.
“Better, Faster and More Efficient Quoting…”
“HSB has teamed up with Appulate to deliver a better, faster and more efficient quoting process,” said David Schraeder, chief business development officer for HSB, part of Munich Re. “It’s one of the many ways we’re adding new digital capabilities that make it easier for our insurance partners to do business with HSB and keep their clients ahead of emerging risks.”
Other digital resources recently introduced include HSB’s Cyber Quote platform, which gives agents the ability to rate, quote, bind and issue HSB Total Cyber policies in minutes, and HSB’s participation in IVANS Markets, a free, online tool for agencies to quickly find markets for commercial insurance risks.
HSB will be introducing new digital solutions in the coming months that make it easier for agents and brokers to place and market specialty coverages.
Visit http://go.hsb.com/appulate to view a video about HSB’s digital insurance solutions.
Hartford Steam Boiler (HSB)
HSB, part of Munich Re, is a multi-line specialty insurer and provider of inspection, risk management and IoT technology services. HSB insurance offerings include equipment breakdown, cyber risk, specialty liability and other coverages. HSB blends its engineering expertise, technology and data to craft inventive insurance and service solutions for existing and emerging risks posed by technological change. Throughout its 150-year history HSB’s mission has been to help clients prevent loss, advance sustainable use of energy and build deeper relationships that benefit business, public institutions and consumers. HSB holds A.M. Best Company’s highest financial rating, A++ (Superior). For more information, visit www.hsb.com and connect on LinkedIn, Twitter and Facebook.
Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the capital investment company MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. It offers customers financial protection when faced with exceptional levels of damage – from the 1906 San Francisco earthquake through to the 2017 Atlantic hurricane season and to the California wildfires in 2018. Munich Re possesses outstanding innovative strength, which enables it to also provide coverage for extraordinary risks such as rocket launches, renewable energies, cyberattacks, or pandemics. The company is playing a key role in driving forward the digital transformation of the insurance industry, and in doing so has further expanded its ability to assess risks and the range of services that it offers. Its tailor-made solutions and close proximity to its customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals.
Phone: +1 (860) 722-5567
Mobile: +1 (860) 534-0623