One Inc, a digital payments network for the insurance sector, has announced a new partnership with global financial entity JP Morgan.
The new deal will allow insurance carriers to leverage JP Morgan’s expansive liquidity and payments capabilities by integrating them with One Inc’s digital claim payouts platform, further digitising the claims experience.
With checks being the traditional insurance claim payout method, there is a growing demand for more digital and frictionless options. One Inc will aim to address shifting insurance market preferences by leveraging JP’s expertise to unlock faster revenue realisations, lower operational costs and improved customer satisfaction.
Ian Drysdale, CEO at One Inc, commented: “We are excited to embark on this journey with J.P. Morgan, a financial institution renowned for its commitment to innovation and client service.
“This strategic partnership underscores our shared vision of providing cutting-edge solutions that address the evolving needs of the P&C insurance industry. Together, we will set new standards for modern and often instant insurance claims payments, benefitting insurers and policyholders alike.”
Insurers and policyholders can now enhance their efficiency when offering claim payments, with One Inc expected to soon be added to JP Morgan’s Payments Partner Network.
Jason Tiede, Global Head of Corporate Development & Partnerships at JP Morgan Payments, commented: “The insurance vertical has very complex and unique requirements to drive further digitization in the industry, and as such, we are excited to partner with a leading vertical fintech solution like One Inc to unlock new capabilities for joint P&C insurance clients.
