Independent global managing general agency (MGA) incubator platform Pro MGA Solutions (‘Pro.MS’) is delighted to announce that it has engaged with smart home insurance expert Hiro.
Hiro is a game-changing home insurance product designed to work with customers to proactively mitigate the risk of suffering loss incidents. Hiro encourages customers to engage in preventative maintenance tasks through gamified in-app mechanisms; customers are given discounts on smart technology to protect their homes, and rewarded for the technology they already have in place.
An independent business within global re/insurance outsourcing and consulting specialist Pro Global Holdings Limited (‘Pro’), Pro.MS provides an entrepreneurial environment for ambitious underwriters and distributors to support their growth.
The platform encompasses a comprehensive range of services, enabling Pro.MS to design with each MGA cell a support structure suited to their particular needs and geared to growing the business through the incubation period.
Hiro will utilise Pro.MS’s licensed platform to launch, with ongoing regulatory and compliance support from Pro.MS’s in-house expertise.
Hiro Co-Founder and CEO Krystian Zajac said:
“As people start thinking more about how to protect their contents with technology, we are seeing that reflected in their choice of cover. The idea of actively protecting your home and belongings is very persuasive – and even if you’re fortunate enough to never need to claim on your insurance, you can check up on your home from anywhere in the world.
Customers see the everyday value with a hybrid technology and insurance proposition like this, versus a traditional “paper” policy, and get more of what they really want from insurance. We, in turn, reduce our claims costs, revolutionise the value proposition for home insurance and drastically improve acquisition, retention and customer lifetime value.
Following our successful crowdfunding at the end of 2020, Hiro is now ready to develop and commercialise an insurance product that will fundamentally disrupt the market, and we are delighted to be working with the experienced team at Pro.MS to deliver this.”
Pro.MS CEO Danny Maleary said:
“What impressed me about Hiro is what they’re doing is completely different from the ‘sell it and forget it’, traditional approach to home cover. From our side, we’re here to help with corporate and regulatory compliance as Hiro looks to make in-roads into the home insurance market, as well as working with capacity providers, providing governance and controls to ensure that underwriting management is at the highest standard, as well as further business development and marketing advice and support.
Using technology to maximise efficiency and develop new opportunities is absolutely central to the Pro.MS proposition as well, and we are very pleased to be working with Hiro – a business with huge potential.”