New Hiscox extranet designed to reduce cost of MNW

Encouraged by strong growth in the niche market, Hiscox is piloting new technology to reduce delivery costs in an attempt to expand its mid net worth (MNW) proposition.

The high net worth insurer, which aims to apply a "high net worth philosophy to its MNW customers", is looking at ways to reduce the delivery costs of providing bespoke policies to customers paying lower premiums.

Although the company declined to go into detail, it says the extranet-delivered technology will allow brokers to ac