PriyaPatel
TLDR:
– Selective Insurance partners with One Inc to streamline claims payment process
– One Inc’s ClaimsPay digital payment solution will be integrated to facilitate quick and direct transfers through payment platforms like Venmo and PayPal.
Key Elements of the Article:
One Inc, a leading digital payments network for the insurance industry, has partnered with Selective Insurance to revolutionize the claims payment process. Selective Insurance, a prominent insurer offering business, home, and auto insurance, aims to leverage One Inc’s ClaimsPay digital payment solution to enhance the efficiency and ease of claim fund disbursement for policyholders. This integration is expected to improve overall communication and transparency in the claims settlement process by utilizing popular payment platforms like Venmo and PayPal. The collaboration symbolizes a step forward in the digital transformation of insurance payment processes, demonstrating a commitment to innovation in the industry.
Ian Drysdale, the CEO of One Inc, emphasized the significance of the partnership in shaping the future of insurance payments and addressing the evolving needs of insurers and policyholders. By combining One Inc’s expertise in digital payment solutions tailored for the insurance sector with Selective Insurance’s dedication to delivering high-quality service and innovative solutions, the partnership aims to propel innovation in the industry. The integration of ClaimsPay with Selective’s existing claims communication tools is expected to enhance overall communication, making the claims process more user-friendly for policyholders.
Overall, the collaboration between Selective Insurance and One Inc signifies a significant advancement in modernizing the insurance payment process and enhancing the customer experience for policyholders. By leveraging digital payment solutions and popular payment platforms, the partnership aims to streamline claims settlement processes, improve efficiency, and provide a seamless payment experience for policyholders.
