DEPLOYMENT · UK
Hiscox AI tool cuts commercial insurance quote times by 75% in London Market
Hiscox deployed an AI-powered quote engine on the London insurance market that reduces quote turnaround from hours to minutes. The tool handles complex commercial line requests, freeing underwriters to focus on risk assessment and placement strategy.
WHY IT MATTERS · EDITORIAL ANALYSIS
Demonstrates AI ROI in legacy wholesale markets; competitors will need similar automation to retain premium talent and client service speeds in a shrinking panel.
Source: Insurance Business · 2026-11-03