Ascent targets SMEs with cyber policy nil deductible
Ascent Underwriting, the specialist niche-product managing general agent, is further targeting SME business by offering nil deductible / zero excess options on all cyber insurance policies globally.
It will be available to all new and renewal SME clients that opt to use Ascent’s expert panel of service vendors in the event of a claim. The move is a value-added benefit for clients, giving them access to Ascent’s panel of experts which have unparalleled expertise in handling cyber related incidents.
Ascent’s global vendor panel consists of market-leading firms offering a complete range of expert assistance such as breach response, computer forensics and legal counsel, enabling incidents to be resolved swiftly and equitably at minimal cost.
Offering nil deductible is made possible for Ascent by Optio, its proprietary quote-and-bind platform, which conducts rapid, granular-level analysis that supports Ascent in underwriting risk.
Gareth Tungatt, chief underwriting officer at Ascent, said: “Ascent has built significant data sets regarding the management of claims during the last five years. Offering clients nil deductible policies and access to our expert partner vendors ensures they incur zero cost at the point of claim, while receiving the best possible advice that allows claims incidents to be closed down as swiftly as possible.”
ENDS
Media contact
Richard Adams
Haggie Partners
+44 (0)20 7562 4444
About Ascent Underwriting
Ascent is a specialist Managing General Agent underwriting on behalf of a number of Lloyd’s Syndicates. It provides innovative insurance solutions face-to-face, and via a proprietary electronic underwriting platform. Ascent believes that all insurance products should be complemented by value-added solutions, and therefore partners with other professionals, including risk assessors, forensic experts, and proactive claims management companies, to assist clients in making informed choices and ensuring the claims process is smooth and efficient.