CNBC Recognizes One Inc with the Top 300 Award
One Inc, a specialist in insurance payments, has once again been recognized as a top fintech innovator. The company has been included in CNBC's Top 300 Global Fintech Companies list for the second consecutive year.
The annual ranking honours forward-thinking and impactful fintech companies that are shaping the future of financial services. This recognition is a testament to One Inc's continued leadership in delivering modern, insurance-specific payment solutions.
Ian Drysdale, CEO of One Inc, expressed pride in the recognition and attributed it to the team's dedication and outstanding work. "We're thrilled to be recognised for our achievements in the insurance industry," he said. "Our focus on providing a comprehensive digital experience for processing premiums and claims has enabled us to serve over 280 customers and process more than $120 billion in annual payments."
One Inc's digital platform, PremiumPay, is a leading solution in the insurance industry. It offers a unified and frictionless digital payments platform that integrates fully with user experience (UX/UI) systems to process premiums and claims efficiently. The platform supports diverse payment options, specialized insurance workflows, and multi-channel communications to enhance both carrier operations and customer satisfaction.
One of the key innovations that sets One Inc apart is its extensive network and scale. The company's payment network includes over 1 million vendors and serves more than 280 insurance carriers. This broad market penetration and operational scale have been instrumental in One Inc's growth and success.
Another significant factor in One Inc's success is its industry focus and modernization. Founded in 2012 with a sole focus on insurance, One Inc modernizes insurer payment operations by reducing costs, increasing security, and speeding claim settlements, even for complex scenarios.
One Inc's partnerships have also played a crucial role in driving innovation. Notably, One Inc partnered with LIDP to integrate the PremiumPay solution into LIDP's Titanium platform. This collaboration supports both individual and group policy payments without disrupting existing systems, illustrating One Inc's role in driving insurance industry digital transformation aligned with evolving market trends.
One Inc actively promotes adoption of digital wallets (e.g., Apple Pay, Google Pay, Venmo) within insurance payments to respond to rising consumer demand for faster, secure, and convenient payment methods. The company's platform is designed to position insurers competitively by enabling these modern payment capabilities.
Fraud prevention is another area where One Inc excels. The firm has developed proprietary, rules-based AI-driven fraud detection systems that leverage machine learning to accurately identify suspicious transactions while minimizing false positives. This reduces friction in customer transactions and strengthens security for insurers.
One Inc's latest partnership is with AAA Life Insurance Company, which will use PremiumPay as its primary platform for digital payment processing. This partnership marks a new step in One Inc's expansion in the US market.
The funding round for Rapyd, a global Fintech as a Service company, has also been announced at $300 million Series E. Target Global led the funding round, with participation from Fidelity Management and Research Company, Altimeter Capital, Whale Rock Capital, BlackRock Funds, and Dragoneer.
Meanwhile, Roadzen Inc., a global leader in AI at the intersection of insurance and mobility, has been named one of CNBC's InsureTech award winners. The company's innovative solutions are transforming the insurance industry by leveraging artificial intelligence to improve risk assessment, pricing, and claims processing.
In conclusion, One Inc's achievements revolve around building a large-scale, specialized digital payments network with advanced technology integrations for the insurance sector, fostering industry partnerships, advancing payment modernization with digital wallets, and strengthening fraud detection—all contributing to their recognition as a top fintech innovator. The firm's continued growth and success are due in part to the trust and collaboration of its insurers and partners.
- One Inc's inclusion in CNBC's Top 300 Global Fintech Companies list for the second year in a row highlights their status as a top innovator in the insurtech sector, particularly in delivering modern, insurance-specific payment solutions.
- In collaboration with LIDP, One Inc integrated their PremiumPay solution into LIDP's Titanium platform, showcasing their role in driving digital transformation in the insurance industry.
- Roadzen Inc., a global leader in AI at the intersection of insurance and mobility, has been named one of CNBC's InsureTech award winners, demonstrating the ongoing innovation in the industry driven by companies leveraging AI for improved risk assessment, pricing, and claims processing.
