The Philadelphia Contributionship Selects One Inc for Digital Payments  

Founded by Benjamin Franklin, TPC will implement an enhanced outbound payment experience for TPC that reduces claims severity, loss ratios and improves cycle time.

(Image credit: ActionVance/Unsplash.)

The Philadelphia Contributionship (TPC) has selected and deployed One Inc’s Digital Payments Platform. One Inc reports that it will implement an enhanced outbound payment experience for TPC that reduces claims severity, loss ratios and improves cycle time, leading to greater customer satisfaction and profitability.

Brenda J. Peremes, VP, Claims, TPC.

Formed in 1752 by Benjamin Franklin and his fellow firefighters in Philadelphia, TPC is the oldest property and casualty insurance company in the United States and a current Guidewire InsuranceNow customer. Now, with over $600 million in total assets, TPC offers policies for homeowners, renters, landlords, flooding and more.

“The One Inc platform is the total package—offering a one-stop shop for frictionless claims payments transformation supported by an enhanced user experience, detailed API documentation and, of course, the deep industry expertise of a world-class team,” comments Brenda J. Peremes, VP, Claims, TPC. “One Inc’s seamless integration with Guidewire technology also offers us the confidence to fully embrace digital payments as our next core area of innovation.”

Joining 185 Other One Inc Clients

One Inc describes its mission as one of eliminating paper checks and associated processes with its flagship product ClaimsPay. The vendor reports that TPC joins 185 independent insurance clients for One Inc, including five of the 15 largest insurance companies in the US.

“It’s an incredible story to see an insurance company founded by Benjamin Franklin embracing payments innovation and digitization,” comments Ian Drysdale, CEO, One Inc. We look forward to helping companies like TPC thrive for another 250-plus years and lead the industry forward.”

The Philadelphia Contributionship Moves Guidewire InsuranceNow to the Cloud

One Inc Names Sarah Owen Chief Product Officer

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

Leave a Comment

(required)