Concirrus, an AI-centric insurance solutions provider, has strategically partnered with Diesta, a purpose-built payments operations platform built specifically for intermediary insurance, to deliver a unified quote-to-cash solution.
The partnership combines Concirrus’ risk processing solutions with Diesta’s automated premium processing and financial transparency layer.
The duo hopes the partnership will reduce operational friction, allowing for immediate, accurate visibility into risks and finances. This integration is intended to particularly impact insurance companies and managing general agents (MGAs), where quote-to-cash time is critical.
Concirrus’ end-to-end processing spans data ingestion, underwriting workbench and core policy administration and will integrate and share data directly with Diesta’s payments operations.
The integrated product focuses on embedding granular policy data and financial obligations generated in the Concirrus policy management module directly into the Diesta platform.
This helps automate reconciliations, accelerate premium remittances and ensure financial reporting is immediately aligned with risk performance, resulting in clearer data and greater control over the portfolio, the pair explained.
Julian Schoemig, CEO of Diesta, commented: “A transaction is only truly completed when cash is deposited in the bank. What used to be a manual process from quote to cash was error-prone and is now streamlined through cutting-edge partnerships, taking end-to-end processing capabilities for customers to new heights.”
Ruth Polyblank, executive director of strategy and partnerships at Concirrus, added: “Concirrus designs solutions to unify and digitize the insurance lifecycle from start to finish, and partnering with Diesta makes this end-to-end vision practical.
“We are now bridging the last critical gap between accurate invoices and actual cash flow. For clients across the professional, authorized and binder sectors, this means they can leverage its excellence in underwriting and risk assessment (via our workbench) and policy administration (via our core systems) and know that the resulting financial operations are equally modern, accurate and efficient. This is to ensure every step from quote to cash drives positive momentum for growth and profitability.”
