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The Aascent Aadvantage
Brokers who've already switched to Aascent can clearly see the advantages. They find they're suddenly more adaptable, more profitable and better able to serve their clients. So let's take a look at what makes us so different from other premium finance providers. Click on each to see more details, or click here to expand all.
Credit insured portfolio
Backed by a major European A+ rated insurer, we are the UK's only premium finance company providing credit cover on your entire portfolio. This protects you, the insurer, and any client with a premium finance exceeding £1000 against default of your Aascent portfolio.
Professionalism
We are an established, vibrant and broker-focused company led by a top team with a proven track record in commercial insurance and finance. It is this knowledge and experience that has enabled us to win the trust of so many brokers, achieve unparalleled growth and deliver market leading standards of customer service
Added value services
We see ourselves as more than just a provider of premium finance - we are here to support you and your business and allow you to focus on your core business.
Competitive rates
Our service to you, the broker, extends to: Pre -approval of new business prospects and renewals Setting up optional profit share and commission arrangements Funding your company's own insurance policies Employee training
We offer comprehensive funding service at the most competitive rates in the market. And because you need certainty - our rates are guaranteed - subject only to a decrease or increase in the Bank of England base rate. Full details of our rates are available upon request.
Guaranteed service levels
We pride ourselves on the efficiency, transparency and confidentiality of our service, and back this up with guaranteed service levels - all aimed at supporting your business.We understand that speed of reply and accuracy of documentation are critical. You can rest assured that funding will always be provided on the day it's promised, loan applications processed within one working day of receipt and any enquiry answered within twenty-four hours.
Flexible underwriting
Because we understand your business we appreciate the need for flexibility. As well asour standard underwriting terms, we offer alternative funding strategies, extended funding intervals and variable deposits. We always examine the risk and make our decision based on the facts.
State-of-the-art technology
Aascent-e, our on-line business processing and accounting system, puts you in control by giving you instant access to your clients' details at the touch of a button. From here you can make policy adjustments, input transactions and track funds, all in real time, 24 hours a day, seven days a week.
Personal contact
And it doesn't stop there... Aascent-e gives you the option of producing quotations and premium finance agreements whenever and wherever you like, saving you time, money and effort. For example, our automated process for standard risks up to £85,000 means a loan application can now go from submission to approval in just ten minutes. To access the system you just need an Internet link - there's no need to install any special software on your PC and we will even help train your staff to get the most value from using Aascent-e.
Because we're serious about building a long-term relationship with you, we offer a personalised service that focuses on your current and future requirements.
And we don't just want to be a voice at the end of a phone. To ensure you get the support you need we have introduced a new regional structure aimed at promoting a closer working relationship and delivering round-the-clock technical backup. Details of our regional structure can be seen on 'The Regions' page. Back to top
The Company
Built upon the foundations of many years experience in the insurance and premium finance market, Aascent is a young but experienced premium finance company specialising in commercial insurance. Our aim is to work in partnership with you to provide tailor made, one-stop solutions for all your commercial clients' premium funding requirements. And because we understand insurance we offer a number of additional benefits to help support you and help you grow your business.
The Team
We are led by the two co-founders of the company - Kevin O'Flanagan and Ed Ferrell - both of whom have significant industry experience. Kevin O'Flanagan | Ed Ferrell | Lloyd Hanks  Managing Director Kevin's credentials speak for themselves. A qualified Chartered Accountant, he was the European development and finance director for Transamerica Insurance Finance Company (TIFCO) based in the UK. Prior to this, he spent 15 years with Commercial Union working in Poland, France and the UK, before joining CNA Insurance as head of finance. Kevin says of the company: "I believe that Aascent is the most progressive force in premium finance today and our scale, knowledge and expertise enables us to provide services uniquely tailored to the needs of our broker customers. We understand that we are here to support our brokers and that the greatest value that we can bring to them is to do that well and help them grow their business" Back to top  Operations Director Before setting up Aascent, Ed also worked for Transamerica Insurance Finance Company (TIFCO) as director in charge of operations, technology and development for Europe. This, together with other key roles in sales and marketing and organisational development for TIFCO in the US, has helped him become an expert in business and management strategy. Ed also served as a board member for three of TIFCO's subsidiary companies. Prior to TIFCO, Ed worked at the insurer USF&G (now part of St. Paul) with assignments in both personal and commercial lines at a regional and head office level. Ed is confident that Aascent's novel approach to premium finance will continue to set aascent apart from its competitors. He comments, "We are different - we understand the market in terms of both insurance and premium finance and this will single us out as being above the rest and the provider of choice for brokers." Back to top  Sales & Marketing Director Well known amongst the broking community, Lloyd brings over 30 years of experience in broker management and in particular building long term business relationships. Alongside pure sales and marketing , Lloyd is responsible for the strategic and operational management of the sales force, and securing new alliances. And as part of our more fundamental strategy to develop its position as the country' Back to top The Regions 
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