Cogitate, a cloud-native provider of core policy, billing, and claims applications for the insurance sector, has partnered with One Inc to simplify the payment process for insurers and their policyholders.
The partnership focuses on addressing the growing complexity of digital insurance payments, driven by economic changes and the increasing digitisation of the industry, according to FF News.
By merging their technologies, Cogitate and One Inc aim to create a seamless, efficient experience for policyholders while improving overall payment workflows.
Cogitate’s DigitalEdge Insurance Platform integrates One Inc’s PremiumPay® and ClaimsPay® solutions, allowing insurers to offer various modern payment options such as Venmo, PayPal, and direct payments. This flexibility enables insurers to cater to the diverse preferences of their policyholders, ensuring that both premium payments and claim disbursements are convenient and secure.
Cogitate’s DigitalEdge platform connects with over 60 third-party solutions and data partners, delivering a unified and streamlined user experience for all stakeholders involved in the insurance process.
Arvind Kaushal, CEO of Cogitate, highlighted the importance of personalisation in digital payments, “This integration with One Inc enables insurers to customize and personalize the user experience by allowing the payment method of choice. This aligns with our goal of exemplary user experience across our policy, billing, and claims solutions, and we see a great future with One Inc.”
Ian Drysdale, CEO of One Inc, praised the partnership, saying, “Cogitate’s commitment to delivering top-tier products that meet the evolving needs of their customers perfectly aligns with our vision for the future of insurance. We deeply value Cogitate’s confidence in our digital payment solutions, which underscores the vital role they play in the modern insurance landscape. DigitalEdge will streamline these processes, making products readily available to help tackle industry challenges and significantly enhance the customer experience.”
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