The investor’s payments and SaaS expertise is key to helping One Inc refine its sales and marketing capabilities at a time of rapid growth and refocus on insurance-specific payment functionality.
In a round enjoying participation from MassMutual Ventures and H&Q Asia Pacific, ASV sees a large-market opportunity in the cloud-built core insurance platform vendor.
The vendor’s Feb. 2020 recapitalization enabled the acquisition of a similarly fast-growing competitor with complementary features and top talent in the digital payments space.
Network tokenization capabilities, enabled by Token ID, not only results in higher authorization rates and greater sales, but also a superior CX driving customer satisfaction and retention.
The vendor offers a cloud-based, comprehensive suite that goes beyond policy, billing, claims and data capabilities to serve as what CEO Chris Ewing calls a kind of “insurance company operating system.”
The new CEO says the company is focusing on bringing instant payments to life and P&C insurance, on a par with leading companies in any industry.
Drysdale, already a member of One Inc’s board with deep payments and operational expertise, succeeds Christopher Ewing, who takes on the new role of Chief Strategy Officer.
Hoemeke will oversee implementation of One Inc’s global IT roadmap, development of the overall strategic planning, transformation and innovation initiatives, and technology solutions security.
The One Inc. payment processing suite of products will be offered as a fully-integrated option with Insurity’s solution portfolio.
The new ProcessOne payment software component, lets insurers deliver claim payouts instantly to a claimant’s bank account, debit card, or prepaid debit card.