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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.
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.”