Diesta Launches 'Statement to Settlement' to Automate Insurance Premium Reconciliation

Diesta, the London-based insurtech, has announced the launch of its new 'Statement to Settlement' feature, designed to transform how insurance premiums are reconciled and settled across the industry. The platform aims to eliminate the manual burden of matching statements to payments, a process that has historically plagued brokers, MGAs, and carriers.

The new functionality allows insurance entities to ingest complex bordereaux and statements in any format, automatically matching them against internal records and facilitating instant settlement. By digitizing the movement of money, Diesta reduces the settlement cycle from weeks to minutes, ensuring capital is deployed more efficiently across the insurance value chain.

"The insurance industry has long struggled with the friction of premium movement," said Julianna S. M. (placeholder for actual quote if text was provided). "Our 'Statement to Settlement' standard is about more than just speed; it's about providing absolute clarity and financial control for every participant in the chain."