Ascot Group and Guidewire Software, Inc. (NYSE: GWRE) today announced that Ascot’s United States insurance company, Ascot U.S., is using Guidewire Cyence risk selection and accumulation management products to leverage market-leading, internet-scale cyber data listening and modeling capabilities to grow their cyber line of business.
Matthew Kramer, chief executive officer, Ascot U.S., said, “Ascot is delighted to partner with Guidewire to assist our underwriting teams with continued exceptional service for our clients. As the risk environment around cyber continues to evolve rapidly, this partnership ensures that we will continue to use the best technology available to protect our insureds.”
“The thousands of cyber data points and insights offered by Cyence help our underwriters erode the uncertainty when selecting risks,” said Drew Walter, U.S. executive vice president and head of cyber and professional liability, Ascot. “User feedback has been positive, especially around its intuitiveness.”
“We are excited by Ascot’s use of Cyence and admire the company’s mission of offering its clients the utmost financial security while delivering bespoke products and world-class service – pre- and post-claims,” said Paul Mang, chief innovation officer, Guidewire Software. “We are pleased by their vote of confidence in our cyber capabilities and look forward to working with Ascot to infuse data analytics to help the company achieve its strategic goals.”
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