Munich Re's HSB launches new digital tools to streamline quoting process

Munich Re-owned specialist engineering and construction insurer  HSB Engineering Insurance has introduced new digital tools to make it easier for agents and brokers to place and market specialty coverages.

The tool will offer real-time technology that makes it easy to rate, quote and bind HSB’s cyber and commercial equipment breakdown coverages online.

Using an automated workflow platform provided by Appulate, it will enable agents to upload ACORD data directly from their management systems and the information interacts with HSB to provide an instant rate and quote.

HSB claims the streamlined process will reduce data entry and save agents and brokers an average 40 minutes for each submission.

“ HSB has teamed up with Appulate to deliver a better, faster and more efficient quoting process,” said David Schraeder, chief business development officer for HSB. “It’s one of the many ways we’re adding new digital capabilities that make it easier for our insurance partners to do business with HSB and keep their clients ahead of emerging risks.”

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