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Ascend And Stere Establish Anchor Partnership To Modernize Insurance Infrastructure
Fremont, CA: Ascend and Stere, two modern insurtech infrastructure firms, established an anchor partnership. The two organizations will collaborate to provide best-in-class digital experiences to existing brokers, MGAs, and carriers.
Ascend is the first modern insurance payments platform to offer automated all-in-one financing, collections, and payables all in one place. Stere is a one-stop-shop for companies looking for capacity and digital tools to develop, improve, and scale insurance operations. Both firms seek to digitize important areas of the insurance value chain, and they'll team up in a first-of-its-kind anchor collaboration to help their customers expand even faster.
Ascend Co-Founder & Co-CEO Andrew Wynn says, "We're really excited to be cooperating with Stere as we approach the next chapter of offering the greatest possible product/service for our clients." "They've created a fantastic ecosystem that connects "capacity seekers" like MGAs, insurtechs, and embedded insurance partners to "capacity suppliers" like carriers and reinsurers. Our clients' capacity demands will be met by Stere's capacity marketplace, and becoming a member of that ecosystem helps both ours and their customers."
Stere makes it simple for interested parties to establish new insurance programs and products, and Ascend makes it simple to manage all elements of those new programs' payments.
"Working with Ascend broadens and enhances the network of network vendor partners to which our clients have easy access through our digital ecosystem," explains Dogan Kaleli, CEO and Founder of Stere. "Our goal is to be the go-to capacity marketplace for MGAs, reinsurers, and carriers, as well as provide a secure platform on which they can easily develop and scale insurance programmes. Ascend tackles a long-standing industry pain point and helps our clients to boost their process efficiencies by restructuring and updating insurance payments infrastructure, which has been long overdue."
Ascend will invest in a number of collaborations to enhance its links with other insurtechs, MGAs, AMS, and other embedded insurance carriers to complement the strategic aspirations of firms in the insurance market.