{"id":6265,"date":"2025-07-01T05:00:25","date_gmt":"2025-07-01T05:00:25","guid":{"rendered":"http:\/\/calebdewey.com\/?p=6265"},"modified":"2025-07-01T05:59:46","modified_gmt":"2025-07-01T05:59:46","slug":"hiscox-launches-new-cargo-api-for-smaller-risks","status":"publish","type":"post","link":"http:\/\/calebdewey.com\/index.php\/2025\/07\/01\/hiscox-launches-new-cargo-api-for-smaller-risks\/","title":{"rendered":"Hiscox launches new Cargo API for smaller risks"},"content":{"rendered":"

Responding to a clear market demand, specialist insurer Hiscox has launched a new Cargo API (application programming interface) based solution designed to cover smaller cargo – risks that typically do not get placed in the London insurance market.<\/p>\n

\"HiscoxThe new solution, available through Hiscox\u2019s broker partners, focuses on underwriting small cargo and stock throughput risks and aims to meet the diverse needs of small and medium-sized businesses worldwide, covering their storage and shipment requirements.<\/p>\n

Types of risks insured include clothing, lumber, equipment and parts, agri-products, as well as finished and manufactured items.<\/p>\n

A key benefit of using Cargo API, Hoscox noted, is its ability to provide a near instant quote and bind for every risk within underwriting appetite, providing certainty and peace of mind for clients.<\/p>\n

In addition to developing the risk rating models, policy wordings and software coding for the Cargo API in-house, all risks have 100% Hiscox Syndicate 33 security.<\/p>\n

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\"Register<\/a><!–\"Download<\/a>–><\/p>\n<\/div>\n<\/div>\n

As the first broker partner for Hiscox\u2019s digital solution, Price Forbes has built out the front end of the API to enable them and their partners to access the product directly.<\/p>\n

The solution offers comprehensive transit, stock-only, and stock throughput cover, with the limit available for cargo risks through the Cargo API at US$5 million. The majority of risks are expected to be below US$1 million.<\/p>\n

Clients will also benefit from the backing of Hiscox\u2019s claims team, bringing their expertise to deliver payment of claims quickly and efficiently, providing certainty during uncertain times, the insurer stated.<\/p>\n

Commenting on the launch, Aimee Nolan, Line Underwriter, Cargo for Hiscox London Market, said: \u201cWe were asked to help respond to a need from companies for a cargo insurance product for smaller sized risks; needs that were not being met by a London insurance market more used to dealing with larger and more complex cargo risks. Our digital solution is available to brokers, to enable them as our coverholders to immediately start pricing and binding smaller cargo risks.<\/p>\n

\u201cWe see our Cargo digital product as not only an innovative way of meeting client demand with a product that can provide immediate coverage, but also as a means of bringing new premium into the London insurance market that would otherwise be retained locally. This solution complements and balances our portfolio of larger, more complex and catastrophe-exposed cargo risks, while providing an easily repeatable template to develop other digital solutions for other coverholders where Hiscox has the risk appetite.\u201d<\/p>\n

The post Hiscox launches new Cargo API for smaller risks<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Responding to a clear market demand, specialist insurer Hiscox has launched a new Cargo API (application programming interface) based solution designed to cover smaller cargo – risks that typically do not get placed in the London insurance market. The new solution, available through Hiscox\u2019s broker partners, focuses on underwriting small cargo and stock throughput risks […]<\/p>\n","protected":false},"author":1,"featured_media":6267,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/6265"}],"collection":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/comments?post=6265"}],"version-history":[{"count":3,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/6265\/revisions"}],"predecessor-version":[{"id":6269,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/6265\/revisions\/6269"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/media\/6267"}],"wp:attachment":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/media?parent=6265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/categories?post=6265"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/tags?post=6265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}