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Horizon policyholders to get leak sensors

Insurance Business Magazine | December 03, 2019

With Association of British Insurers data showing escape of water claims made up nearly a third (30%) of all domestic household claims in 2018, Horizon (UW) Limited has decided to address the issue by partnering with smart-home specialist Hive. Horizon, which underwrites on behalf of a consortium of insurers led by Legal & General, will be including the Hive Leak Sensor in all its policies starting January 01 next year for new business and from February 01 for renewals. The goal of the Worcestershire-based underwriting agency is to tackle escape of water, the cause of approximately £1 billion in damages last year. Commenting on the tie-up, Horizon founder and chairman Richard Pexton stated: “Horizon’s partnership with Hive marks an important step forward for household insurance in changing normal practice from repair and replace to predict and prevent.

Spotlight

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The underwriting process is critical for insurers. But manual processes, spreadsheets, and data from disparate silos slow down the process and make audit trails a nightmare. All that means a lot of stress on systems and employees, plus a less-than-ideal customer experience.

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Spotlight

Digitizing Underwriting with Mendix and Capgemini

The underwriting process is critical for insurers. But manual processes, spreadsheets, and data from disparate silos slow down the process and make audit trails a nightmare. All that means a lot of stress on systems and employees, plus a less-than-ideal customer experience.

Fortunately, it doesn’t have to be that way.

With the P&C Underwriter Workbench from Mendix and Capgemini, you can optimize and digitize underwriting, leading to efficiency, effectiveness, and increased productivity.

Connect with your core systems and data sources to make data-driven decisions. Customize every aspect to make an offering that’s uniquely yours.

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Morris Insurance Group Joins World Insurance Associates

Globenewswire | May 17, 2023

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Globenewswire | June 06, 2023

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PRnewswire | May 18, 2023

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