Ascend and Annex Partner to Drive Innovation within the Flood Insurance Space

Expanded Partnership Increases Homeowners' Accessibility to Flood Insurance

SAN FRANCISCO, Feb. 25, 2025 /PRNewswire/ -- Ascend, the leading provider of financial operations automation software to the insurance industry, is excited to announce an expanded partnership with Annex, an MGA specializing in high-risk homeowners and flood insurance. Together, Annex and Ascend are driving the industry forward by introducing a premium financing solution for residential flood policies, making it easier for homeowners to obtain essential protection against one of the most devastating natural disasters.

"Since homeowners policies typically do not cover floods, adoption rates for flood insurance are very low, even in high-risk areas. One of the main reasons is that flood insurance policies must be paid entirely upfront, creating additional financial burden for many homeowners," said Charlie Sido, Co-Founder at Annex. "We wanted to offer financing to make coverage accessible to a wider range of homeowners. Ascend was able to help us deliver on this vision as well as provide a single platform to automate all our AR/AP processes."

Ascend's platform, with its integrated agency and direct bill capabilities, ensures that MGAs like Annex can scale efficiently while offering a seamless payment experience to their customers. By automating premium collection, financing, and disbursement, Ascend strengthens the ability of MGAs to deliver innovative products at speed—ultimately driving greater insurance adoption and financial security for consumers.

"With Annex, we're pushing the industry forward to reimagine what is possible," said Jack Brown, Head of Customer Success at Ascend. "I'm thrilled to partner with them and support their innovative work in improving flood insurance accessibility through technology."

About Ascend

Ascend is a comprehensive accounting automation platform for the entire insurance payment lifecycle including collection, accounting, reconciliation, and disbursement. Businesses using Ascend experience improved operational efficiencies, treasury management, and customer experience - resulting in increased profitability. To learn more about how Ascend can transform your business, please visit www.useascend.com.

About Annex:

Annex is a technology-forward startup that specializes in high-risk homeowners and flood insurance, aiming to address the scarcity of underwriting capacity in this segment. Annex leverages sophisticated algorithmic underwriting and capacity, allowing agents to quote and bind high-risk homeowners insurance in less than two minutes. To learn more about how Annex is transforming the landscape of high-risk homeowners insurance and empower agents with speed, accuracy, and confidence, please visit www.annexrisk.com

Contact
Mike Nguyen
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SOURCE Ascend