Move will simplify premium gathering, among other complex processes
By Mika Pangilinan
Oct 31, 2023 ShareAscend has been tapped by global broker and fintech platform Acrisure to enhance its financial operations and overall efficiency.
Using Ascend’s financial operations automation solution, Acrisure will be able to simplify complex financial processes such as premium collection, distribution, and commission reconciliation between brokerages and carriers.
An emailed news release announcing the partnership revealed that Acrisure will begin upgrading its financial operations by using Ascend’s software to streamline billing, financing, and carrier payable workflows within its small commercial lines accounts.
In the same release, Ascend co-CEO Andrew Wynn spoke of the ways that its software can help Acrisure and other insurance businesses.
“Our cutting-edge platform will enable Acrisure to streamline its financial operations with unprecedented efficiency, transparency, and visibility,” said Wynn. “As a forward-thinking industry leader, Acrisure has set a high bar for innovation, and we are honored to be their partner, working hand in hand to pioneer new industry standards and deliver exceptional value to their customers.”
Connecting with the retail distribution channel
In addition to Acrisure, Ascend has also been developing partnerships within the retail distribution channel.
As part of its growth strategy, the firm has been actively pursuing key partnerships with the top 100 brokers in the United States, as well as collaborating with critical implementation and integration providers.
It recently fostered relationships with NFP, Insurica, Christensen Group, and BRP affiliate Founder Shield, among others.
According to Wynn, all these moves are in pursuit of Ascend’s goal to “[empower] agents, brokers, and stakeholders involved in the distribution, placement, and purchase of insurance products.”
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