Ascend, a complete accounting operations platform for insurance coverage, and business insurance coverage managing common agent (MGA) and wholesale brokerage QuoteWell have joined fingers to boost MGA accounting and funds workflows.
This collaboration goals to modernise the quoting and binding processes for non-admitted insurance policies, offering brokers with a extra environment friendly and built-in expertise.
It is going to combine technology-driven options, with brokers benefitting from a seamless connection between QuoteWell’s submission and quote course of and Ascend’s automated fee and financing instruments.
Ascend co-CEO Andrew Wynn stated: “By partnering with QuoteWell, we offer MGAs and wholesalers the options to not solely make it simpler to work with buying and selling companions but additionally permit them to scale successfully with full transparency into their monetary operations.”
Businesses utilising the joint options will achieve streamlined workflows, enabling them to handle submissions and fee choices by way of one unified platform.
The alliance is anticipated to considerably cut back turnaround instances for the submission-to-binding course of.
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QuoteWell’s AI-based platform is designed to supply market-ready quotes inside hours whereas Ascend’s automates invoicing and fee duties.
Ascend’s know-how additionally gives monetary transparency by eliminating guide errors and offering automated reconciliation for each company invoice and direct invoice processes. This ensures businesses can preserve monetary accuracy.
The partnership additionally focuses on enhancing the consumer expertise. Brokers could have entry to a complete view of their submissions and quotes by way of QuoteWell’s portal.
QuoteWell CEO Joey Bouchard stated: “Each Ascend and QuoteWell share a standard vision-to make the insurance coverage course of sooner, extra environment friendly, and extra clear for businesses of all sizes.
“The partnership addresses long-standing challenges and permits brokers to leverage automation at each step—from submission and quoting to billing and fee—saving time, enhancing accuracy, and delivering an elevated consumer expertise.”
