Age: 29
From the time he joined Hiscox’s graduate scheme in 2009, Daniel Alpay has quickly asserted himself as one of the company’s finest underwriters. Beginning his career as a catastrophe modelling analyst, Alpay has progressed his way through the organisation to achieve his current position as line underwriter for flood and household. He leads a team of five underwriters and has helped grow the flood book of business to a position in which Hiscox is now one of Lloyd’s ‘go-to’ markets for US flood cover.
Alpay was instrumental in spotting the opportunity from the recent lowering of barriers to entry to the US flood insurance market. He spearheaded the development of Hiscox’s FloodPlus product, which has already won a Lloyd’s Innovation award. Since its launch, FloodPlus has generated US$7.5m in new written premium, offering broader, quicker and often cheaper coverage than those available from the US National Flood Insurance Program (NFIP), while also being underpinned by a better claims process.
Alpay is a natural problem-solver keen on overcoming objections and bringing solutions, and has a talent for pulling together functions from within Hiscox, including catastrophe modelling, underwriting, claims, IT, as well as third parties such as brokers and modelling vendors, in order to come through with the best possible products for clients. He is determined to continue expanding Hiscox’s offerings, working on plans to launch a commercial FloodPlus product and a dedicated product that’s broader than NFIP for coastal properties through FloodPlus Coastal.
