Streamlined processes empowers insured
families and agents with faster receipt of funds
FOLSOM,
Calif., July 28, 2022 /PRNewswire/ -- One Inc, the
leading digital payments network for the insurance industry, today
announced that the Georgia Farm Bureau Mutual Insurance Company
(GFBMIC), the largest domestic property and casualty insurance
company in the State of Georgia,
has selected One Inc's ClaimsPay® digital payments platform to
provide an improved claim payment experience for its
members. The implementation will enhance the outbound claims
payment process, providing new and improved options to allow for
faster receipt of funds.
GFBMIC currently partners with Sapiens Insurance, a leading
global provider of software solutions for the insurance industry.
The combination of Sapiens' cloud native, core suite of insurance
applications and One Inc's payments solutions and related delivery
capabilities, will increase the scale, speed to market, and
customer satisfaction as insurance companies embrace digital
transactions.
"Our partnership with One Inc emphasizes our longstanding
commitment to innovation and the significant value we place on our
customer relationships," said GFBMIC General Manager, George Monk. "Eighty percent of Georgia Farm
Bureau's vendors are already in the One Inc network, so it was an
easy decision for GFBMIC to partner with them. The combined
strengths of One Inc and Sapiens will enable us to fully maximize
digital transformation and increase customer engagement."
"Georgia Farm Bureau was seeking a proven, flexible and modern
solution with a capacity for delivering a feature-rich and modern
claims platform to empower their policyholders with the most
innovative insurance capabilities," said Ian Drysdale, CEO at One Inc. "Integrating
Sapiens and One Inc's enterprise platform will be highly beneficial
to GFBMIC'S business operations by meeting today's industry demands
and preparing them for the future."
About One Inc:
One Inc is modernizing the insurance industry through a unified and
frictionless payment network. Focusing only on the insurance
industry, One Inc helps carriers transform their operations by
reducing costs, increasing security, and optimizing customer
experience. The comprehensive end-to-end digital payments platform
provides expanded payment options, multi-channel digital
communications, and rapid digital claim payments, even for the most
complex insurance use cases. As one of the fastest growing digital
payments platforms in the insurance industry, One Inc manages
billions of dollars per year in premiums and claims payments. For
more information, please visit www.oneinc.com.
About Georgia Farm Bureau Mutual Insurance
Company:
Georgia Farm Bureau Mutual Insurance Company, which began
operations in 1959, is the largest domestic property and casualty
insurance company in the State of
Georgia. As a mutual insurance company, GFBMIC is owned by
its policyholders who are members of Georgia Farm Bureau. As
members of Georgia Farm Bureau, policyholders support Georgia agriculture and are eligible for
numerous additional benefits.
For more on GFB, please visit https://www.gfb.org/
About Sapiens
Sapiens International Corporation
(NASDAQ and TASE: SPNS) empowers the financial sector, with a focus
on insurance, to transform and become digital, innovative, and
agile. Backed by 40 years of industry expertise, Sapiens offers a
complete insurance platform, with pre-integrated, low-code
solutions and a cloud-first approach that accelerates customers'
digital transformation. Serving over 600 customers in 30 countries,
Sapiens offers insurers across property and casualty, workers'
compensation and life markets the most comprehensive set of
solutions, from core to complementary, including Reinsurance,
Financial & Compliance, Data & Analytics, Digital, and
Decision Management. For more information
visit sapiens.com or follow us on LinkedIn.
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SOURCE One Inc