One Inc has partnered with Verisk to launch a pre-built integration between its PremiumPay® platform and Verisk’s FAST system.
The collaboration aims to modernise digital payments in the life and annuity insurance market by embedding inbound payment capabilities into FAST’s architecture.
This enables carriers to improve policyholder communication, automate critical processes, and reduce operational costs.
The partnership addresses insurers’ growing need for speed, flexibility, and efficiency in a rapidly digitalising sector.
“At Verisk, we are committed to helping life insurers by providing data-rich solutions to achieve greater speed, flexibility and operational efficiency,” said Saurabh Khemka, co-president of underwriting solutions at Verisk. “By integrating digital payment capabilities in collaboration with PremiumPay, carriers can accelerate their modernisation efforts, reduce complexity and deliver improved customer experiences without the time and cost associated with updating their existing platforms.”
“This product integration offers a critical path to unlocking value from digital payments tailored to the needs of life insurers,” said Ian Drysdale, CEO of One Inc. “We can eliminate the typical barriers of custom integrations and enable carriers to adopt modern inbound payment capabilities with greater speed and efficiency. This collaboration emphasizes our strengths to modernise the life insurance landscape while offering a unified platform for payments.”
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