Ascend Named to the 2024 CB Insights' List of the 50 Most Innovative Insurtech Startups

NEW YORK, August 28, 2024 – CB Insights today named Ascend to its third annual Insurtech 50, showcasing the 50 most promising private insurtech companies in the world.

“The 2024 Insurtech 50 winners are high-momentum companies shaping the future of insurance today,” said Chris Sekerak, Senior Analyst at CB Insights. “From AI-powered products to commercial insurance innovation, these startups are realizing many of the industry's biggest opportunities.”

"It's great to be recognized as a Top 50 Insurtech for the second year in a row," said Andrew Wynn, co-CEO of Ascend. "A huge thanks to the thousands of insurance business for their support and validation who use Ascend to automate their billing, payments, and accounting tasks."

Utilizing the CB Insights platform, the 50 winners were chosen based on several factors, including CB Insights datasets on deal activity, industry partnerships, team strength, investor strength, patent activity, employee headcount, and proprietary Commercial Maturity and Mosaic Scores. We also dug into Analyst Briefings submitted directly to us by startups.

Ascend was chosen due to its innovative approach to help insurance businesses tackle financial and accounting responsibilities with a single software platform to manage all AR/AP, reconciliations, and commissions tasks in one place. By automating and unifying these workflows under one roof, insurance businesses are able to unlock untapped operational efficiency and financial performance.

Quick facts on the 2024 Insurtech 50:

• 500+ business relationships since 2020, including with industry leaders like Swiss Re and Tokio Marine.
• More than a dozen countries represented, spanning Asia, Australia, Europe, and North America.
• $5.6B in equity funding raised over time, including $1B in 2024 so far (as of 8/19/24).
• 40% of winners are early-stage insurtechs, from AI assistants to embedded insurance platforms.

About CB Insights

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