Georgia Farm Bureau Mutual Insurance coverage Firm Selects One Inc to Present Modernized Method to Declare Funds – Marketscreener.com

August 18, 2022 By admin

Streamlined processes empowers insured households and brokers with sooner receipt of funds
FOLSOM, Calif., July 28, 2022 /PRNewswire/ — One Inc, the main digital funds community for the insurance coverage business, as we speak introduced that the Georgia Farm Bureau Mutual Insurance coverage Firm (GFBMIC), the most important home property and casualty insurance coverage firm within the State of Georgia, has chosen One Inc’s ClaimsPay® digital funds platform to supply an improved declare fee expertise for its members. The implementation will improve the outbound claims fee course of, offering new and improved choices to permit for sooner receipt of funds. 
GFBMIC at the moment companions with Sapiens Insurance coverage, a number one world supplier of software program options for the insurance coverage business. The mix of Sapiens’ cloud native, core suite of insurance coverage purposes and One Inc’s funds options and associated supply capabilities, will enhance the dimensions, velocity to market, and buyer satisfaction as insurance coverage corporations embrace digital transactions. 
“Our partnership with One Inc emphasizes our longstanding dedication to innovation and the numerous worth we place on our buyer relationships,” mentioned GFBMIC Common Supervisor, George Monk. “Eighty % of Georgia Farm Bureau’s distributors are already within the One Inc community, so it was a straightforward choice for GFBMIC to companion with them. The mixed strengths of One Inc and Sapiens will allow us to completely maximize digital transformation and enhance buyer engagement.”
“Georgia Farm Bureau was searching for a confirmed, versatile and fashionable answer with a capability for delivering a feature-rich and fashionable claims platform to empower their policyholders with essentially the most modern insurance coverage capabilities,” mentioned Ian Drysdale, CEO at One Inc. “Integrating Sapiens and One Inc’s enterprise platform will probably be extremely useful to GFBMIC’S enterprise operations by assembly as we speak’s business calls for and making ready them for the long run.”
About One Inc: 
One Inc is modernizing the insurance coverage business by way of a unified and frictionless fee community. Focusing solely on the insurance coverage business, One Inc helps carriers remodel their operations by decreasing prices, growing safety, and optimizing buyer expertise. The excellent end-to-end digital funds platform gives expanded fee choices, multi-channel digital communications, and fast digital declare funds, even for essentially the most complicated insurance coverage use instances. As one of many quickest rising digital funds platforms within the insurance coverage business, One Inc manages billions of {dollars} per yr in premiums and claims funds. For extra info, please go to www.oneinc.com.
About Georgia Farm Bureau Mutual Insurance coverage Firm: 
Georgia Farm Bureau Mutual Insurance coverage Firm, which started operations in 1959, is the most important home property and casualty insurance coverage firm within the State of Georgia. As a mutual insurance coverage firm, GFBMIC is owned by its policyholders who’re members of Georgia Farm Bureau. As members of Georgia Farm Bureau, policyholders help Georgia agriculture and are eligible for quite a few extra advantages.
For extra on GFB, please go to https://www.gfb.org/
About Sapiens
Sapiens Worldwide Company (NASDAQ and TASE: SPNS) empowers the monetary sector, with a concentrate on insurance coverage, to remodel and turn into digital, modern, and agile. Backed by 40 years of business experience, Sapiens affords a whole insurance coverage platform, with pre-integrated, low-code options and a cloud-first strategy that accelerates clients’ digital transformation. Serving over 600 clients in 30 nations, Sapiens affords insurers throughout property and casualty, staff’ compensation and life markets essentially the most complete set of options, from core to complementary, together with Reinsurance, Monetary & Compliance, Information & Analytics, Digital, and Choice Administration. For extra info go to sapiens.com or comply with us on LinkedIn.

One Inc Logo (PRNewsfoto/One Inc)


 

Cision

View unique content material to obtain multimedia:https://www.prnewswire.com/news-releases/georgia-farm-bureau-mutual-insurance-company-selects-one-inc-to-provide-modernized-approach-to-claim-payments-301595089.html
SOURCE One Inc

supply