LONDON, 15 May 2023:

Ascot is pleased to announce the launch of its portal for Lloyd’s coverholders, initially launching with a coverholder in Australia.

The Portal brings Underwriters closer to the coverholders and brings the coverholders closer to their customers by using technology to streamline the distribution chain.

Commenting on the launch, Antonio Bellanca, Class Underwriter, Professional Indemnity said: “By harnessing technology we can improve the way we work with our coverholders, whilst also delivering an improved experience to our customers.

We are always looking for ways to innovate, whether it’s developing new insurance products or using technology to improve customer experience. Ascot provides the perfect platform to support this innovative approach. I’m excited our coverholder portal has gone live, as it combines both technology-led approach to distribution with a multi-combined PI offering for start-ups, named Findemnity.”

Findemnity combines the best of Professional Indemnity, General Liability and Personal Accident with limits and coverages tailored to start-up businesses in FinTech, RegTech and InsurTech.