Georgia Farm Bureau Mutual Insurance coverage Firm Selects One Inc to Present Modernized Strategy to Declare Funds – PR Newswire

July 30, 2022 By admin

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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, at this time introduced that the Georgia Farm Bureau Mutual Insurance coverage Firm (GFBMIC), the biggest 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 present companions with Sapiens Insurance coverage, a number one world supplier of software program options for the insurance coverage business. The mixture of Sapiens’ cloud native, core suite of insurance coverage functions and One Inc’s funds options and associated supply capabilities, will enhance the dimensions, pace to market, and buyer satisfaction as insurance coverage firms embrace digital transactions. 
"Our partnership with One Inc emphasizes our longstanding dedication to innovation and the numerous worth we place on our buyer relationships," stated GFBMIC Basic Supervisor, George Monk. "Eighty % of Georgia Farm Bureau’s distributors are already within the One Inc community, so it was a simple determination for GFBMIC to associate 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 in search of a confirmed, versatile and fashionable resolution with a capability for delivering a feature-rich and fashionable claims platform to empower their policyholders with probably the most progressive insurance coverage capabilities," stated Ian Drysdale, CEO at One Inc. "Integrating Sapiens and One Inc’s enterprise platform can be extremely useful to GFBMIC’S enterprise operations by assembly at this time’s business calls for and getting 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 lowering prices, rising safety, and optimizing buyer expertise. The great end-to-end digital funds platform gives expanded fee choices, multi-channel digital communications, and speedy digital declare funds, even for probably the most advanced insurance coverage use circumstances. As one of many quickest rising digital funds platforms within the insurance coverage business, One Inc manages billions of {dollars} per 12 months 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 biggest 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 assist 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 change into digital, progressive, and agile. Backed by 40 years of business experience, Sapiens gives an entire 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 gives insurers throughout property and casualty, employees’ compensation and life markets probably the most complete set of options, from core to complementary, together with Reinsurance, Monetary & Compliance, Knowledge & Analytics, Digital, and Choice Administration. For extra info go to sapiens.com or comply with us on LinkedIn.
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