One Inc, a pioneering digital payments network focused exclusively on the insurance sector, and J.P. Morgan Payments, a global leader in payment processing, have announced a collaborative effort.
This partnership aims to revolutionize Property and Casualty (P&C) insurance claims payments by leveraging J.P. Morgan’s extensive liquidity and payment capabilities within One Inc’s innovative digital claim payouts platform.
The primary goal of this partnership is to address the evolving needs of the P&C insurance industry by setting new standards for modern, and often instant, insurance claims payments. This collaboration aims to benefit both insurers and policyholders through cutting-edge solutions.
One Inc specialises in transforming the insurance industry with its comprehensive digital payments platform. It caters to over 260 carriers, helping them streamline operations by reducing costs, increasing security, and optimizing customer experiences. Their platform offers a range of payment options, digital communications, and rapid digital claim payments, even for complex insurance cases. Managing billions in premiums and claim payments annually, One Inc stands as a fast-growing digital payment platform in the insurance industry.
One Inc will soon join J.P. Morgan’s Payments Partner Network. This move marks a significant step in enhancing the P&C insurance claims payment landscape, promising a more seamless and efficient experience for insurers and policyholders.
J.P. Morgan Payments Global Head of Corporate Development & Partnerships Jason Tiede said,”The insurance vertical has very complex and unique requirements to drive further digitization in the industry, and as such, we are excited to partner with a leading vertical fintech solution like One Inc to unlock new capabilities for joint P&C insurance clients.”
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