Ascend, a leading provider of financial operations automation software tailored for the insurance industry, has announced a strategic alliance with Embroker, that is set to revolutionise the insurance landscape.
This partnership aims to do so by amalgamating Ascend’s cutting-edge financial automation solutions with Embroker’s expertise in delivering tailored, innovative insurance products for diverse business risk profiles and sectors.
The collaboration between Ascend and Embroker aims to transform the insurance industry by leveraging technology to eliminate inefficiencies across the insurance lifecycle.
By merging Ascend’s financial automation capabilities with Embroker’s industry-leading insurance technology, the partnership aims to drive operational efficiency and enhance risk management processes.
Ascend offers comprehensive financial automation solutions, streamlining the entire insurance payment lifecycle, from premium collection to accounting. On the other hand, Embroker is a pioneer in the digital insurance space, providing industry-specific coverage for complex areas such as Directors and Officers, Employment Practices Liability, Cyber, and Professional Liability.
Brian Acks, CFO at Embroker, said, “Ascend and Embroker are perfectly aligned to drive transformative change and foster innovation. Through our partnership with Ascend, we are proud to continue modernizing one of the oldest industries in the world by leveraging technology to eliminate inefficiencies throughout the insurance lifecycle. Together, we are delivering market-leading solutions that not only provide a best-in-class customer experience, but also cater to the evolving needs of businesses, ultimately increasing profitability for all stakeholders.”
Andrew Wynn, co-founder and co-CEO at Ascend, said, “We are thrilled to partner with Embroker to bring together our automation capabilities with their industry-leading insurance technology expertise. This collaboration allows us to offer insurance businesses a digitally connected solution that enhances operational efficiency and optimises risk management processes.”
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