InsurTech infrastructure companies Ascend and Stere have partnered to provide existing brokers, MGAs and carriers with digital experiences.
Ascend is an insurance payments platform that provides automated all-in-one financing, collections, and payables. Stere is a platform for businesses to find capacity and access digital tools to launch, improve and grow insurance programmes.
Stere allows interested parties to easily launch new insurance programs and products, and Ascend makes it easy to handle all aspects of payments for those new programs.
Both companies work to digitise key aspects of the insurance value chain and the partnership will see them work to fuel their customers’ growth.
Andrew Wynn, Ascend co-Founder and co-CEO, said, “We’re incredibly excited to be collaborating with Stere as we enter the next phase of providing the best possible product/service for our customers.
“They’ve built an incredible ecosystem that connects “capacity seekers” such as MGAs, InsurTechs, or embedded insurance partners, with “capacity providers” like carriers and reinsurers. Stere’s capacity marketplace will support our customers’ capacity needs and becoming a part of that ecosystem, benefits both ours and their customers.”
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