Specialist niche-product Managing General Agent, (MGA) Ascent Underwriting, is targeting Small-Medium Enterprises (SMEs) with a global offer on all cyber insurance policies for nil deductible/ zero excess options.
Ascent said the cyber cover will be available to all new and renewal SME clients that opt to use the firm’s panel of service vendors for claims management.
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.”
Ascents vendor panel consists of market-leading firms which provide expert guidance on areas such as breach response, computer forensics and legal counsel.
The MGA offers nil deductible policies through its proprietary quote-and-bind platform, Optio, which conducts analysis that supports Ascent in risk underwriting.
