Wholesale insurance brokerage Cennairus Cyber has partnered with financial operations automation platform Ascend to optimise finance operations specific to wholesale insurance brokerages.
Through the partnership, Ascend aims to streamline Cennairus Cyber’s billing and payments processes, including an insured direct bill experience by utilising the former’s advanced automation capabilities to enhance efficiency and accuracy.
Besides, Cennairus Cyber will easily integrate Ascend into its payment workflows, allowing it to expedite reconciliations, modernise the agency bill and direct bill experience for agents and insured clients.
The wholesale insurance brokerage is also expected to maximise Cennairus Cyber’s operational efficiencies and create a streamlined, user-friendly customer experience by leveraging Ascend’s capabilities.
This is expected to propel Cennairus Cyber towards further success and growth.
According to Ascend, the collaboration will transform the way insurance businesses handle their financial operations, setting new industry standards.
Ascend CEO Andrew Wynn said: “We are delighted to join forces with Cennairus and support their commitment to operational excellence and eliminating the headaches of legacy wholesale.
“Our financial operations solution will simplify wholesale billing and payments, strengthening the insurance ecosystem and driving industry-wide progress. Together, we are shaping the future of insurance operations.”
Based in the US, Cennairus Cyber specialises in cyber and technology errors and omissions insurance. The firm supports niche retail brokers with exclusive, industry-specific cyber and tech errors and omissions (E&O) programmes.
Cennairus Cyber partner Abe Gibson said: “Our partnership with Ascend underscores our commitment to delivering excellence and innovation in all aspects of our business.
“By joining forces with Ascend, we embrace their state-of-the-art technology and expertise to optimise our finance processes. This collaboration will allow us to efficiently handle complex financial tasks, ultimately benefiting our clients with a seamless and streamlined experience.”
