Partnership Formed: OneAdvent Conserves Collaboration with Diesta
In a move aimed at stabilising the funding situation and supporting the next phase of growth for INSHUR, a global provider of insurance solutions for the on-demand economy, the company has partnered with Diesta for payment automation.
The collaboration between Diesta and INSHUR will integrate Diesta’s dedicated payment operations platform into INSHUR’s services, enhancing the efficiency, transparency, and scalability of premium processing for Managing General Agents (MGAs) across the INSHUR platform.
Key benefits of this partnership include automated reconciliation and remittance logic, real-time visibility and structured insights on premium cashflows, accelerated premium reconciliation, and clearer reporting trails. These enhancements are designed to optimise cashflow for MGAs, brokers, commission partners, and carriers, directly supporting MGA growth by minimising friction in payment processes, improving operational clarity, and enabling scalable premium management.
The integration of Diesta’s platform into INSHUR’s services is expected to transform payment operations for the company, making it a more efficient and agile player in the insurance industry.
Meanwhile, in a separate development, OVHcloud and the Alchemy Crew hosted a startup-investor event on 24 January, where ten FinTech and InsurTech startups presented their ideas to investors, corporate delegates, and other interested parties. The event, which aimed to foster collaboration between startups and investors, provided a platform for innovative ideas to be showcased and discussed.
As the industry continues to grapple with the aftermath of the problems faced by SVB, the HSBC deal is hoped to provide a much-needed boost to the funding situation for many companies in the sector. The future of funding remains a hot topic, and collaborations such as the one between Diesta and INSHUR are expected to play a crucial role in shaping the future of the industry.
- InsurTech company INSHUR, in an attempt to bolster its underwriting and improve policy administration, partnered with Diesta for enhanced premium processing, integrating Diesta's dedicated platform to streamline transactions and support business growth.
- The partnership between INSHUR and Diesta brought innovations to premium management, introducing automated reconciliation, a clearer reporting trail, and real-time premium cashflow insights, all designed to optimize finance for Managing General Agents (MGAs), brokers, partners, and carriers.
- Reinsurance players should take note as this collaboration exemplifies the power of collaboration between insurtech companies and traditional tech platforms for efficient premium administration and to minimize payment processing friction.
- Concurrently, at an event hosted by OVHcloud and the Alchemy Crew, ten FinTech and InsurTech startups presented their innovative ideas to investors and corporate delegates, fostering collaboration between promising ventures and potential strategic partners, showcasing the ongoing potential for disruption and growth in the finance business through technology.
