Ascend is a modern, all-in-one financial operations automation solution purpose-built for insurance. We make insurance businesses more profitable by increasing revenue and decreasing operational expenses through administrative process automation.
We offer an end-to-end solution to make agency bill as easy as direct bill. With Ascend, you can streamline your invoicing, premium financing, and carrier payables workflows.
Ascend is completely free to use.
Yes! Our APIs are publicly available here. Because our platform is purpose-built for insurance and has the ability to handle insurance-specific use cases such as endorsements and cancellations, integrations are fairly quick and easy.
Depending on the complexity, they typically take a few days to a few weeks. If you're interested in building an integration, please reach out at developers@useascend.com
No, we’re not just a premium finance company. While premium finance is a key part of our solution, we also provide a modern online checkout experience, handle all carrier/MGA payables for premium financed policies, and give you greater control of and visibility into your customer's journey.
We are partners with a trusted third party that handles ongoing collections and has been servicing premium finance loans for over three decades. We are licensed to lend in all 50 states and Canada.
We have no shortage of capital to lend and have no limit on financed premium size.
We work with a trusted third party who has been servicing premium finance loans for decades. They have mapped over 5,000 different carriers and MGAs. In the event a carrier on your list isn’t on theirs, we can easily set them up for payment during onboarding.
We can handle all payables for any financed policy. In the near future, we plan to add this for pay in full. Today, Pay in Full is treated like standard agency bill, where we send the full premium to your agency and it is your responsibility to pay the carrier/MGA.
We aim to simplify your payment operations. Your customers can access premium financing at checkout, review the terms with a click, and sign by checking a box. No need to print papers, send checks, or go back and forth with your premium finance company and insureds.
Today, we accept credit card, ACH, and wire payments. We’re always working to expand our payment methods and plan to accept check in the near future.
Ascend offers competitive base rates for financed policies. Depending on the policy size, our rates typically range from 5% to 10%. We provide our distributor customers the opportunity to add or subsidize additional points as well.
Ascend charges 3.50% + 30c per credit card transaction, 0.8% up to $5 per ACH transaction, and $8 per wire transaction.
We want to offer the best optionality for your customers. Therefore, our solution provides both a pay-in-full option and a monthly option in one checkout flow.
Reach out to hello@useascend.com. We'd love to hear from you.