One Inc, the leading payments network, and Equisoft, a global provider of advanced digital solutions for the financial services sector, have announced a new partnership to deliver modern premium payment experiences for insurers and policyholders.
The collaboration aims to simplify premium payment processes by combining One Inc’s PremiumPay® platform with Equisoft’s life insurance policy administration solutions.
It aims to reduce manual processes, lower costs, and support insurers’ digital transformation efforts, while also enhancing customer experience with broader payment options.
The companies explained that by embedding One Inc’s premier platform PremiumPay directly into Equisoft’s policy administration platform, insurers can access an “out-of-the-box” integration that accelerates digitalisation of premium collections.
This partnership comes at a time when the insurance industry is facing growing pressure to modernise services to meet the expectations of younger, digitally savvy policyholders.
The move builds on One Inc’s ongoing momentum in reshaping life insurance payments, strengthening its position as a key player in payment modernisation for insurers.
“Payment modernisation is an essential part of delivering cost reduction and enabling a truly digital experience in life insurance,” said Equisoft vice president, global alliances & acquisitions François Levasseur. “Joining forces with One Inc allows us to provide life insurers with a pre-built and plug-and-play premium payment solution. This out-of-the-box integration enables carriers to digitalize premium collections, therefore enhancing agility as well as driving efficiency to deliver the best possible customer experience.”
“By embedding PremiumPay into Equisoft’s trusted policy administration platform, we’re not just modernising payment options; we’re addressing the evolving expectations of a new generation of policyholders,” said One Inc CEO Ian Drysdale. “Today’s younger consumers demand seamless, digital-first experiences that align with their tech-savvy lifestyles. Our partnership with Equisoft empowers insurers to meet these expectations, ensuring they remain relevant and competitive in an industry undergoing a profound generational transformation.”
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