Vendors
日本語

Ascot Array: Automating Underwriting and a Wholesaler-Friendly Portal

Create a vendor selection project
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
We are waiting for the vendor to publish their solution profile. Contact us or request the RFX.
Projects allow you to export Registered Vendor details and survey responses for analysis outside of Marsh CND. Please refer to the Marsh CND User Guide for detailed instructions.
Download Registered Vendor Survey responses as PDF
Contact vendor directly with specific questions (ie. pricing, capacity, etc)
10 March 2021

Winner of a Celent Model Insurer 2021 Award for Customer Experience Transformation

Abstract

Through most of its history, Ascot Group has primarily been a Lloyd’s Specialty Wholesale Insurer, with much of its business originating in the United States. It recently decided it also wanted admitted and non-admitted access to some of that US-sourced business, so it established an insurance company in US.

Believing that “if an underwriter spends more than 10-15 minutes on a submission, both Ascot and the broker will lose money on those accounts,” Ascot decided to develop a solution, Ascot Array. Ascot Array enables automated portfolio underwriting, which it defines as a process which mitigates human bias, and allows for a structured designed process to evaluate submissions quickly and efficiently.

Video