HISCOX LTD UNSP/ADR - HCXLY STOCK NEWS

Welcome to our dedicated page for HISCOX UNSP/ADR news (Ticker: HCXLY), a resource for investors and traders seeking the latest updates and insights on HISCOX UNSP/ADR stock.

Hiscox Ltd UNSP/ADR (HCXLY) is a global specialist insurer, part of The Hiscox Group, headquartered in Bermuda. With a diverse portfolio, Hiscox offers specialist insurance products in commercial and personal lines, aiming for profitable growth throughout the insurance cycle. The company employs over 3,000 people in 14 countries and has customers worldwide. Hiscox London Market and Hiscox Re & ILS underwrite internationally traded, bigger ticket business and reinsurance.

The partnership between FloodFlash and Hiscox marks a significant step in addressing flood underinsurance in the US. FloodFlash, a multi-award-winning insurance technology company, provides rapid-payout flood cover using IoT technology and data modelling. The partnership with Hiscox will enhance the market presence of parametric flood insurance as an efficient option for catastrophe covers, filling the flood protection gap in the US.

08/07/2023 08:00 AM

News

FloodFlash announce partnership with Hiscox

Rhea-AI Summary

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

Hiscox Harnesses CoreLogic Geocoding Technology to Assess Insurance Risks

Rhea-AI Summary

CoreLogic has announced that Hiscox London Market will utilize its PxPoint technology through the RiskMeter platform for enhanced property risk assessment. This advanced geocoding technology allows for precision in determining exposure to natural disasters such as wildfires and floods. By integrating PxPoint, Hiscox can efficiently assess risks and optimize insurance underwriting processes. The collaboration aims to meet modern insurance demands through technology, providing timely insights for better coverage decisions.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-3.98%

FAQ

What is the market cap of HISCOX UNSP/ADR (HCXLY)?

The market cap of HISCOX UNSP/ADR (HCXLY) is approximately 5.1B.

What is Hiscox Ltd?

Hiscox Ltd is a global specialist insurer headquartered in Bermuda, listed on the London Stock Exchange, providing a diverse portfolio of specialist insurance products.

What is FloodFlash?

FloodFlash is an insurance technology company offering sensor-enabled parametric flood insurance, known for its rapid-payout flood cover.

What is the partnership between Hiscox and FloodFlash?

The partnership aims to enhance the market presence of parametric flood insurance, addressing flood underinsurance in the US.

Where is Hiscox Ltd headquartered?

Hiscox Ltd is headquartered in Bermuda.

How does FloodFlash provide rapid-payout flood cover?

FloodFlash uses IoT technology and data modelling to provide fast and flexible cover, paying claims in record times.

What are the core values of Hiscox Ltd?

Hiscox Ltd focuses on people, courage, ownership, and integrity, with a commitment to being true to their word.

How many countries does Hiscox operate in?

Hiscox operates in 14 countries, with over 3,000 employees worldwide.

What type of insurance products does Hiscox offer?

Hiscox offers specialist insurance products in commercial and personal lines, along with reinsurance and bigger ticket business.

What is the goal of Hiscox Group?

The Hiscox Group aims to be a respected specialist insurer with a diverse portfolio by product and geography, balancing catastrophe-exposed and less volatile business.

What sets FloodFlash apart from traditional insurance?

FloodFlash's parametric flood insurance provides fast and flexible cover, paying claims in record times, filling the gap for businesses struggling to secure flood terms elsewhere.