(Image credit: Skeeze.)
Virginia Farm Bureau Mutual Insurance Company (VFBMIC; Richmond, Va.) has selected One Inc’s (Folsom, Calif.) digital payments platform to consolidate premiums and claims payment processing into one all-inclusive solution, according to a vendor statement.
VFBMIC, named one of the Ward Group’s Top 50 Property and Casualty Insurance Companies in the U.S. for the second consecutive year in 2019, chose One Inc as the only vendor that processes both inbound and outbound payments and for the solution’s comprehensive functionality, including the streamlined reporting and reconciliation inherent to the platform, the vendor reports.
“We are committed to providing excellence to all our policyholders,” comments Pat Caine, CIO, VFBMIC. “We chose to partner with One Inc because of their deep understanding of insurance and unique inbound-outbound solution. Their extensive experience integrating with insurance core systems will enable a seamless transition as we enhance our payment options and engagement opportunities for our policyholders.”
Ability for Policyholders to Conveniently Adopts Autopay
Among the expanded capabilities the One Inc Digital Payments Platform brings to VFBMIC policyholders is the ability to conveniently enroll in autopay and sign up for paperless billing. Policyholders will also be able to make payments more efficiently through the platform’s QuickPay feature.
“We are so pleased to provide a complete payments solution for Virginia Farm Bureau Mutual Insurance Company,” comments Christopher W. Ewing, CEO of One Inc. “By combining inbound and outbound payment processing, they’ll be able to improve operational efficiency, create a more cohesive experience for their policyholders, and enjoy significant cost savings along the way.”