PriyaPatel
TLDR:
- Nirvana Insurance has selected Ascend, an automation platform for financial operations, to enhance its direct bill processing capabilities.
- Nirvana Insurance aims to modernize the commercial insurance landscape with its use of IoT data.
Summary:
Nirvana Insurance has chosen Ascend, a financial operations automation platform, to enhance its direct bill processing capabilities. By integrating Ascend’s technology, Nirvana Insurance intends to streamline its payment cycle, modernize billing experiences for agents and insured clients, and improve overall operational efficiency. The collaboration between Nirvana Insurance and Ascend emphasizes their shared commitment to delivering seamless customer experiences and advancing the modernization of insurance processes.
Nirvana Insurance, which was founded in early 2021, aims to modernize the commercial insurance landscape by utilizing IoT data from sensors on heavy trucks. Its goal is to make truck insurance fairer, more efficient, and safer for everyone on the road.
Ascend is recognized as a leader in financial operations automation, helping organizations in the insurance sector navigate complex financial processes with ease.
Rushil Goel, co-founder and CEO of Nirvana Insurance, stated, “Nirvana is reshaping the insurance landscape – offering fairer and more competitive rates, fast quote turnaround times, and an all-encompassing safety platform. Now, with our partnership with Ascend, we can streamline the payment cycle, further enhancing the efficiency and convenience we provide to our customers. This collaboration signifies our shared focus on delivering seamless experiences that put the customer first.”
Andrew Wynn, CEO and founder of Ascend, added, “Efficiency improvement is pivotal across all spectrums of insurance, be it agencies, MGAs, or carriers. Nirvana is devoted to delivering unparalleled customer service, and we’re thrilled to bolster their efforts by revolutionizing the insurance payment cycle. We understand the financial intricacies insurers like Nirvana encounter, and Ascend is driven to provide innovative solutions that eradicate hurdles, enhance productivity, and streamline operations.”
