In an increasingly homogenised and competitive insurance market, an effective scheme helps to differentiate your business by targeting niche markets that are not covered or are poorly served by traditional insurance solutions.

A scheme is different from a traditional insurer/broker partnership in that it is broker-led and builds on a key insight into a particular sector. Both the insurer and broker should work in partnership to develop a bespoke offering.

Why choose Hiscox?

  • We have built a significant presence in the schemes market since 2010 and now manage over £70m gross written premium 
  • Hiscox have developed over 170 bespoke schemes across a range of sectors, including media and arts, medical malpractice and sport. Our schemes appetite is broader than open market business
  • With a dedicated schemes team (including experts in underwriting, claims and marketing),  we can act quickly and get a scheme through delivery in 12 weeks
  • We want to grow your scheme in partnership with you so you will have regular account reviews and new business development support
  • We can explore an e-commerce solution for your scheme to improve the customer journey and allow you to trade more efficiently.

Flood and subsidence exposure 

If you are a delegated authority schemes broker with Hiscox, you may be required to use the Hiscox Postcode checker at new business and renewal for flood and subsidence exposure. Further guidance and the password for the file can be found in your Underwriting Guide, or by contacting a Hiscox Underwriter.

Hiscox postcode checker

Enter a postcode below to check for flood and subsidence exposure.

Old phone

Tell us about your existing scheme or new idea for a scheme

Complete our online business planning tool: businessplan.hiscoxquote.co.uk

A member of our schemes team will then get in touch to discuss the opportunity.