Insurance firms are facing a decision on whether to build, buy, or partner for tech expertise in digitalizing operations for payment processing.
Partnerships can help insurers improve customer experience and modernize fund flows, leading to faster claims processing and cost reduction.
Offering a variety of payment methods such as push to debit, PayPal, Venmo, and real-time options is crucial for individual policyholders.
One Inc, specializing in premium collection and claims payments, emphasizes integration with carriers' core systems for operational efficiency, reducing time and costs.