Embroker announced strategic partnership with Ascend

PRNewswireNovember 7, 20234 min

Ascend, the leading provider of financial operations automation software to the insurance industry, is proud to announce its strategic partnership withĀ Embroker, a pioneering digital platform making it radically simple to secure business insurance. This collaboration aims to revolutionize the insurance industry by combining Ascend’s cutting-edge financial automation solutions with Embroker’s expertise in providing tailored, innovative insurance products for business risk profiles and verticals.

Ascend is the industry’s sole solution that fully automates the entire insurance payment lifecycle, encompassing premium collection, disbursement, reconciliation, and accounting. By adopting Ascend, businesses unlock enhanced operational efficiencies, streamlined financial management processes, and an elevated customer experience, all contributing to a notable increase in profitability.

“Ascend and Embroker are perfectly aligned to drive transformative change and foster innovation,” statedĀ Brian Acks, CFO at Embroker. “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.”

Embroker, known as a true innovator within the insurtech space, offers coverage specifically designed for various sectors, including startups, tech companies, law firms, and more. The company’s expertise lies in crafting customized protection to mitigate risks, such as malpractice claims, cyber threats, and directors’ and officers’ responsibilities.

“We are thrilled to partner with Embroker to bring together our automation capabilities with their industry-leading insurance technology expertise,” saidĀ Andrew Wynn, co-founder and co-CEO at Ascend. “This collaboration allows us to offer insurance businesses a digitallyĀ connected solution that enhances operational efficiency and optimizes risk management processes.”

The collaboration between Embroker and Ascend enables agents, brokers, MGAs and other participants in the insurance value chain to streamline operations, reduce manual efforts, and ensure comprehensive, customized coverage. The unique combination of Ascend’s financial automation platform and Embroker’s tailored insurance packages marks an exciting milestone in the insurance industry that will drive growth, customer satisfaction, and profitability.

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