One Inc, the leading digital payments network for the insurance industry, has announced that Selective Insurance, a prominent business, home, and auto insurer, has selected its ClaimsPay® digital payment solution.
The primary reason for this partnership is to leverage One Inc’s ClaimsPay digital payment system to revolutionise how policyholders receive claim funds, according to FF News.
By integrating ClaimsPay, Selective Insurance aims to streamline its claims settlement process through popular payment platforms such as Venmo and PayPal, facilitating quick and direct transfers.
This enhancement is expected to significantly improve efficiency, communication, and ease for policyholders by integrating with Selective’s SMS-based claims communication tool.
One Inc specialises in digital payment solutions tailored for the insurance sector, while Selective Insurance provides comprehensive insurance products and services to businesses and individuals.
Selective Insurance, on the other hand, is known for its wide range of insurance products including business, home, and auto insurance. The company is dedicated to delivering high-quality service and innovative solutions to meet the evolving needs of its policyholders.
The integration of ClaimsPay with Selective’s existing claims communication tools is expected to enhance overall communication, making the claims process more transparent and user-friendly for policyholders.
This collaboration signifies a step forward in the digital transformation of insurance payment processes.
Ian Drysdale, CEO of One Inc, commented, “Our partnership with Selective signifies more than just a technological integration but a mutual dedication to shaping the future of insurance payments. It’s important to emphasise our collective commitment to propelling innovation in the insurance industry and delivering advanced solutions that address the changing needs of insurers and policyholders alike.”
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