Episodes
Tuesday Dec 14, 2021
Tuesday Dec 14, 2021
Andrew Wynn, Co-Founder Ascend, the first modern insurance payments platform that provides automated all-in-one financing, collections, and payables. Ascend is funded by heavyweight investors FirstRound, FirstMark, Susa Ventures, South Park Commons and Box Group.
Andrew and co-founder Praveen Chekuri previously built Sheltr. The company became the first acquisition made by insurtech unicorn Hippo because of its intuitive and technological approach to building an insurance product that went beyond the customer interaction. Prior to Sheltr, both Andrew and Praveen were employees at Instacart, leading the company’s product and data integration team. Prior to that the two founders were at Instacart.
Andrew and Praveen see insurance payments as a specific-enough problem yet general enough that it applies to a wide group, so they went about to solve it for everyone in the industry. Their product brings premiums management, commissions, reconciliations, online payment and premium finance a streamlined, all-in-one experience.
Of high interest is how Ascend's teams are formed as being end-to-end across the whole customer journey for one vertical segment, whether insurtechs, producers, agents or carriers.
As an outsider to the industry, Andrew sees more insurtechs coming from people in insurance in the future. He seeks experts from this "highly networked industry" to provide input, advice and counsel to help balance out the traditional venture focus on speed.
Follow the Insurtech Leadership Podcast airing weekly hosted by Joshua R. Hollander. We give you up-close access and personal insights from the leaders of the fastest-growing #insurtechs and most innovative #insurance carriers and brokers.
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