Ascend, a comprehensive accounting operations platform for insurance, and commercial insurance managing general agent (MGA) and wholesale brokerage QuoteWell have joined hands to enhance MGA accounting and payments workflows.
This collaboration aims to modernise the quoting and binding processes for non-admitted policies, providing agents with a more efficient and integrated experience.
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It will integrate technology-driven solutions, with agents benefitting from a seamless connection between QuoteWell’s submission and quote process and Ascend’s automated payment and financing tools.
Ascend co-CEO Andrew Wynn said: “By partnering with QuoteWell, we provide MGAs and wholesalers the solutions to not only make it easier to work with trading partners but also allow them to scale effectively with full transparency into their financial operations.”
Agencies utilising the joint solutions will gain streamlined workflows, enabling them to manage submissions and payment options through one unified platform.
The alliance is expected to significantly reduce turnaround times for the submission-to-binding process.
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By GlobalDataQuoteWell’s AI-based platform is designed to produce market-ready quotes within hours while Ascend’s automates invoicing and payment tasks.
Ascend’s technology also offers financial transparency by eliminating manual errors and providing automated reconciliation for both agency bill and direct bill processes. This ensures agencies can maintain financial accuracy.
The partnership also focuses on enhancing the user experience. Agents will have access to a comprehensive view of their submissions and quotes via QuoteWell’s portal.
QuoteWell CEO Joey Bouchard said: “Both Ascend and QuoteWell share a common vision-to make the insurance process faster, more efficient, and more transparent for agencies of all sizes.
“The partnership addresses long-standing challenges and enables agents to leverage automation at every step—from submission and quoting to billing and payment—saving time, improving accuracy, and delivering an elevated client experience.”
