{"id":379994,"date":"2020-11-12T11:18:05","date_gmt":"2020-11-12T16:18:05","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=379994"},"modified":"2020-11-12T11:18:05","modified_gmt":"2020-11-12T16:18:05","slug":"hiscox-usa-expands-ask-kodiak-engagement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hiscox-usa-expands-ask-kodiak-engagement\/","title":{"rendered":"Hiscox USA Expands Ask Kodiak Engagement"},"content":{"rendered":"

\nOriginally implemented only for key digital lines of business, Ask Kodiak will now support Hiscox\u2019s direct small commercial product appetite and eligibility in the US.
\n<\/h2>\n
\n

BOSTON, Nov. 12, 2020 (GLOBE NEWSWIRE) — Ask Kodiak<\/u><\/a>, an API platform providing real-time appetite and eligibility for commercial lines insurance companies, managing general agencies (MGAs), wholesalers, and agents, is pleased to announce an expanded partnership with Hiscox USA<\/a>, a leading small business insurer. Ask Kodiak will enable Hiscox to communicate its direct small commercial product appetite information in real-time to partners.<\/p>\n

\u201cHiscox is one of the truly leading digital carriers that understands the value of offering its distribution partners the most efficient way to access their insurance risk appetite,\u201d said Michael Albert, co-founder of Ask Kodiak<\/a>. \u201cAsk Kodiak uses the most precise and granular classification code system \u2013 NAICS HD \u2013 to ensure our carrier partners efficiently classify and underwrite profitable risks.\u201d<\/p>\n

Given the complexity of underwriting classes and rapidly changing eligibility rules in the insurance industry, it is challenging for agents and brokers to know the current appetite of any insurance company partner before submitting insurance risks for coverage. In fact, many insurers still update and distribute spreadsheets and PDFs reflecting risk appetite to producers by email or snail mail.<\/p>\n

Utilizing the Ask Kodiak platform, insurance companies, like Hiscox, can store, update, and share this vital information with any distribution partner for maximum efficiency and quote-to-bind speed. By communicating the product and appetite information to wholesale partners in real-time, before a quote is requested, agents and underwriters can save time and energy otherwise spent on out-of-appetite risks.<\/p>\n

\u201cAsk Kodiak is a great partner, which is why we decided to increase our utilization of their platform to make it the single source of Hiscox USA\u2019s risk appetite, to be used both internally and for our wholesale distribution partners,\u201d said Kevin Kerridge, executive vice president, small commercial at Hiscox USA. \u201cAs the leading online insurer of small businesses in the U.S., we understand the value of partnering with best-in-class technology partners to offer our producers and small business customers the finest and most robust solutions.\u201d<\/p>\n

\n About Ask Kodiak<\/strong>
\n
Ask Kodiak helps insurance carriers organize commercial insurance. The API-based technology platform that helps agents make product selections based on appetite and eligibility provided by insurance carriers wherever it\u2019s needed. For more details, visit <\/strong>www.askkodiak.com<\/strong><\/a>.<\/strong><\/p>\n

\n Media Contact:
<\/strong>Jennifer Overhulse
St. Nick Media Services
(859) 803-6597
jen@stnickmedia.com<\/a><\/u><\/p>\n

\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Originally implemented only for key digital lines of business, Ask Kodiak will now support Hiscox\u2019s direct small commercial product appetite and eligibility in the US. BOSTON, Nov. 12, 2020 (GLOBE NEWSWIRE) — Ask Kodiak, an API platform providing real-time appetite and eligibility for commercial lines insurance companies, managing general agencies (MGAs), wholesalers, and agents, is pleased to announce an expanded partnership with Hiscox USA, a leading small business insurer. Ask Kodiak will enable Hiscox to communicate its direct small commercial product appetite information in real-time to partners. \u201cHiscox is one of the truly leading digital carriers that understands the value of offering its distribution partners the most efficient way to access their insurance risk appetite,\u201d said Michael Albert, co-founder of … <\/p>\n

Continue reading “Hiscox USA Expands Ask Kodiak Engagement”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-379994","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHiscox USA Expands Ask Kodiak Engagement - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hiscox-usa-expands-ask-kodiak-engagement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hiscox USA Expands Ask Kodiak Engagement - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Originally implemented only for key digital lines of business, Ask Kodiak will now support Hiscox\u2019s direct small commercial product appetite and eligibility in the US. BOSTON, Nov. 12, 2020 (GLOBE NEWSWIRE) — Ask Kodiak, an API platform providing real-time appetite and eligibility for commercial lines insurance companies, managing general agencies (MGAs), wholesalers, and agents, is pleased to announce an expanded partnership with Hiscox USA, a leading small business insurer. Ask Kodiak will enable Hiscox to communicate its direct small commercial product appetite information in real-time to partners. \u201cHiscox is one of the truly leading digital carriers that understands the value of offering its distribution partners the most efficient way to access their insurance risk appetite,\u201d said Michael Albert, co-founder of … Continue reading "Hiscox USA Expands Ask Kodiak Engagement"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/hiscox-usa-expands-ask-kodiak-engagement\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-12T16:18:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NDk5MSMzODI0MTczIzUwMDA0Njk1MA==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hiscox-usa-expands-ask-kodiak-engagement\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hiscox-usa-expands-ask-kodiak-engagement\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Hiscox USA Expands Ask Kodiak Engagement\",\"datePublished\":\"2020-11-12T16:18:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hiscox-usa-expands-ask-kodiak-engagement\\\/\"},\"wordCount\":407,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hiscox-usa-expands-ask-kodiak-engagement\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA4NDk5MSMzODI0MTczIzUwMDA0Njk1MA==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hiscox-usa-expands-ask-kodiak-engagement\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hiscox-usa-expands-ask-kodiak-engagement\\\/\",\"name\":\"Hiscox USA Expands Ask Kodiak Engagement - 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