“Insurance carriers continue to focus on annual payments because they don’t have a choice,” he added. “They want all of their money up front so they can invest it. Our platform not only reduces the friction with payments by enabling customers to pay how they want to pay, but also helps carriers sell more insurance.”

https://techcrunch.com/2021/09/15/ascend-raises-5-5m-to-provide-a-bnpl-option-for-commercial-insurance/