Pro MGA Solutions (Pro.MS), the global independent management agency incubator platform, has announced its partnership with smart home insurance specialist Hiro.
London-based Hiro has developed a home insurance product that aims to proactively mitigate the risk of customers incurring losses.
Pro.MS provides a multi-jurisdictional MGA platform for ambitious underwriters and distributors to support their growth. Pro.MS is a unit of specialist outsourcing and re / insurance consulting Pro Global Holdings Ltd.
Hiro will use the licensed Pro.MS platform for launch, with continued regulatory and compliance support from Pro.MS internal expertise.
Hiro encourages customers to engage in preventive maintenance tasks through enforcement mechanisms. Customers get discounts on smart technologies to protect their homes and are rewarded for the technology they already have in place.
The platform encompasses a full range of services, allowing Pro.MS to design with each MGA cell a support structure adapted to their particular needs and adapted to the growth of the company throughout the incubation period.
“As people start to think about how to protect their content with technology, we see that reflected in their choice of coverage. The idea of actively protecting your home and property is very compelling – and while you’re fortunate enough to never need to claim your insurance, you can check your home from anywhere in the world, ”commented the co-founder of Hiro and CEO Krystian Zajac.
“Customers see the day-to-day value of hybrid technology and an insurance proposition like this, compared to a traditional ‘paper’ policy, and get more of what they really want from insurance.” , Zajac added. “In turn, we’re lowering our claims costs, revolutionizing the home insurance value proposition, and dramatically improving customer acquisition, retention and lifetime value.”
Following Hiro’s successful crowdfunding at the end of 2020, the company “is now ready to develop and commercialize an insurance product that will fundamentally disrupt the market, and we are delighted to be working with the experienced team at Pro.MS. to achieve this”. he said.
“What impressed me about Hiro is that what they do is completely different from the traditional approach to house roofing, ‘sell it and forget it’,” according to the CEO of Pro .MS, Danny Maleary.
“On our side, we’re here to help with business and regulatory compliance as Hiro seeks to gain a foothold in the home insurance market, as well as working with capacity providers, providing governance and controls to ensure underwriting management is at the forefront. the highest level, as well as business development and marketing advice and support, ”added Maleary.
Source: Solutions Pro MGA
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