Instec and MIS Help Hiscox USA Bring Workers’ Compensation In-House

Hiscox brings workers’ compensation coverage in-house with back office processing support from MIS Insurance Services and Instec’s Quicksolver policy administration system. The move allows Hiscox to more aggressively pursue new opportunities for its entertainment production, theatrical and commercial policies and dramatically cut the time required to rate, quote and bind. Naperville, IL – August 27, 2015 – Earlier this year, Hiscox, the global specialist insurer and an innovator in entertainment insurance, made a strategic decision to bring workers’ compensation insurance in-house by issuing the coverage. The move allows the company to exercise greater control over underwriting decisions for this essential component of its production, theatrical and commercial business. To support the move, Hiscox has partnered with MIS Insurance services, using Instec Quicksolver software, to handle back- office processing. Hiscox has been covering the entertainment industry for over 50 years, since former Chairman Robert Hiscox first underwrote production package insurance at Lloyds of London in the 1960s. Today, Hiscox simplifies entertainment insurance with Hiscox One™, a comprehensive policy that covers over 20 types of risk across all aspects of the entertainment business. “We view the entertainment business as a huge growth opportunity for Hiscox,” said Joanne Richardson, Media & Entertainment Practice Leader at Hiscox USA. “If there’s even one coverage in our entertainment policy that we don’t underwrite and control ourselves, we’re limiting the opportunities we can pursue. That’s the problem we were facing at the beginning of this year with workers’ compensation, and that’s why we decided to bring workers’ comp in-house.” The decision to bring workers’ compensation in-house was only the first step. Hiscox also needed to supplement its...

Welcome New MIS Clients

MIS is Excited to have two new Clients! We are happy to introduce our new client Hiscox. Hiscox is a leading specialist insurer, headquartered in Bermuda (Offering insurance products to all of the Unites States), with roots dating back to 1901. Hiscox has gone live on May 1st with their Workers Compensation line of business. We have signed a Contract with Service Lloyds. Service Lloyds is a family-owned Workers Compensation Company dedicated to the needs of Texas for nearly 30 years. Service Lloyds will be going live with MIS in the near...