BOLT Solutions Congratulates Hiscox on Its Vanguards in Insurance Practice Award

BOLT Solutions Inc.

NEW YORK, May 8, 2013 (GLOBE NEWSWIRE) -- BOLT Solutions, Inc. ("Bolt"), formerly SeaPass Solutions, congratulates its customer Hiscox for its recognition at the 2013 Vanguards in Insurance Practices (VIP) Awards ceremony held this week. The VIP Awards are sponsored by Insurance Networking News (INN) in partnership with Celent, an independent business research and advisory service with a specialization in insurance technology.

INN, the trusted resource for ideas and insights in the field of insurance technology, developed the ranking in partnership with Celent, an independent business research and advisory service with a specialization in insurance technology. Celent facilitated survey development, data collection and analysis. The result is an insightful set of rankings based on objective peer review. The Hiscox case study was submitted by Bolt and first reviewed by the INN editors. INN further enlisted the help of its editorial advisory board members and Celent analysts, who used the same metrics to select Hiscox as among the "best of the best."

The VIP awards identify the leaders in insurance technology and recognize the vendors that best help insurance carriers meet the increased expectations of consumers and agents, said INN Editor-in-Chief Carrie Burns. "This year, we've seen that while insurers still consider customer service and stability to be important traits of vendors, the ability to plan for advances in technology is becoming just as important."

The award-winning Hiscox effort utilized the Bolt Platform to provide customers with more choice and a better user experience. Hiscox leveraged the Bolt Platform to increase the volume of consumers able to receive quotes for Hiscox business insurance products across 38 states and the District of Columbia.

Kevin Kerridge, Director of Small Business Insurance for Hiscox USA, thanks both INN and Celent for their leadership in the insurance industry and for sponsoring the VIP awards and said, "We are very appreciative of this recognition. As a leader in the sale of online direct small business insurance, delivering more choice and superior experience to our customers is imperative and provides Hiscox with the opportunity to expand market share. By leveraging the BOLT platform we've realized an overall increase in our business."

"On behalf of the Bolt team I would like to congratulate Hiscox on this distinction," said Tim Attia, Bolt's Senior Vice President. "We have always considered Hiscox an innovator and leader, and we are proud to be associated with their success. We look forward to continuing to work with the Hiscox team and are excited to deliver a solution that insurance companies and agents can leverage to gain market share."

About Hiscox Small Business Insurance

Hiscox, the international specialist insurer, is headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). Hiscox is the first company in the U.S. to offer insurance to small professional services businesses direct, online, and in real-time. We provide professional liability, general liability and business owner's insurance, underwritten by Chicago-based Hiscox Insurance Company Inc., which is rated 'A' (Excellent) by A.M. Best Company. Additional information can be found on the Why Choose Hiscox? page. Coverages are subject to underwriting and may not be available in all states.

Hiscox also provides professional liability, property and specialty insurance to US businesses through US-based brokers. This communication does not constitute a solicitation of business by Hiscox's syndicates at Lloyd's, London.

About BOLT Solutions Inc.

Headquartered in New York and founded in 2000, BOLT Solutions Inc. (formerly SeaPass Solutions Inc.) offers the leading online sales and client service platform for anyone who wants to sell or buy insurance online. The Bolt Platform supports all of the insurance needs of its customers, while driving market share, retention and increased revenue for its insurance industry partners. Bolt is an ICG company (Nasdaq:ICGE). For more information visit www.boltinc.com, email info@boltinc.com or call 212-608-4646.

CONTACT: Chrissy Snyder BOLT Solutions, Inc. chrissys@boltinc.com (212) 981-4684 Susan Douglas Solomark Associates susan@solomark.com (847) 895-2634

Source:BOLT Solutions Inc.