Tower Hill Insurance Adds ClaimsPay to Complete “All-Inclusive” Payments Digitization with One Inc

One Inc, the digital payments network for the insurance industry, announced that Florida-based property insurer Tower Hill Insurance Group has selected One Inc’s outbound payment solution, ClaimsPay, “to streamline and improve digital payments processing for its customers.”

The implementation of ClaimsPay will “enhance the outbound claims payment process, providing new options for faster delivery of funds.” Tower Hill becomes “the latest accredited insurer in a series of new customer announcements using One Inc’s all-inclusive frictionless payment offering.”

Tower Hill, founded in 1972, is “one of Florida’s largest residential and commercial property insurers, represented by more than 850 insurance agencies across the state.” Tower Hill has expanded into 16 more states “across the U.S. and is represented by thousands of insurance agencies nationwide.”

Kirk La, CEO, Tower Hill Insurance Group, said:

“Our agents and customers have high expectations, and we always strive to deliver exceptional service, leveraging advanced InsurTech platforms to modernize our business and strengthen our customer relationships. We are excited to expand our partnership with One Inc, and are implementing their full platform, which now addresses both of our requirements – offering solutions across payment collections and disbursements for a more seamless customer experience.”

Ian Drysdale, One Inc’s Chief Executive Officer, remarked:

“We are pleased to extend our partnership with Tower Hill and look forward to providing them with both our best-in-class claims and premium payment solutions. By leveraging our digital payment process, Tower Hill will be able to drive payments efficiencies to meet the needs of its customers and stay ahead of the competition. We look forward to our ongoing relationship with Tower Hill, being a valued partner for many years to come.”

As noted in the update, One Inc is “modernizing the insurance industry through a unified and frictionless payment network.”

Focusing only on the insurance industry, One Inc helps carriers “transform their operations by reducing costs, increasing security, and optimizing the customer experience.”

The comprehensive end-to-end digital payments platform “provides expanded payment options, multi-channel digital communications, and rapid digital claim payments, even for the most complex insurance use cases.”

As one of the fastest growing digital payment platforms in the insurance industry, One Inc reportedly “manages billions of dollars per year in premium and claim payments.”

Founded in 1972, Tower Hill Insurance claims it is “a leader among residential and commercial property insurers.”

Still majority owned by the company’s founding family, Tower Hill has “grown into one of Florida’s largest property insurers and has expanded into 16 additional states.”

Today, the company is “represented by over 400 employees and thousands of insurance agencies nationwide.” Financial strength, product expertise, a comprehensive reinsurance program, and exceptional claims service “are core business strategies of the organization.”

Sponsored
Sponsored Links by DQ Promote

 

 

Send this to a friend