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FOLSOM, CA — August 31, 2021 – One Inc, the leading digital payments network for the insurance industry, today...
Jul 27, 2021 5:00:00 AM
FOLSOM, Calif. – July 27, 2021 – One Inc, the leading digital payments platform provider for the insurance industry, announced today that Goodville Mutual Casualty Company will deploy One Inc’s ClaimsPay digital payments platform and mortgagee network. The new partnership will offer increased access to 80 percent of mortgagees for the carrier and drive a frictionless payment experience for Goodville Mutual members that reduces claims severity and improves cycle time.
Formed in 1926, Goodville Mutual provides comprehensive property and casualty insurance products, with coverage for homes, small businesses, farms and churches across eight states. Founded on principles of love, justice and integrity, and with strong support from professional independent agents who are the cornerstone of the company’s success, Goodville Mutual currently has annual revenues exceeding $200 million and assets exceeding $400 million. The insurer has been selected to Ward’s list of Top 50 Performing Property and Casualty Insurance Companies for 12 consecutive years.
“By adding One Inc’s innovative digital payments platform to our repertoire alongside our existing DXC Technologies stack, we can pursue valuable efficiencies with next-generation insurtech to optimize claims operations and improve agent and member experiences,” said Goodville Mutual President and CEO David Gautsche. ”As an added benefit, our homeowner clients will have peace of mind in their time of need, and we will be able to access a vast network of mortgagees to settle their claims faster and more comprehensively.”
Goodville Mutual joins 185 independent insurance clients for One Inc, including five of the 15 largest insurance companies in the US. The partnership follows an active first half for One Inc in 2021 as carriers of all sizes, as well as breakthrough insurtechs, take measure of their claims processing operations, seeking to keep pace in a post-pandemic environment where no-touch customer experiences and digitization of financial services infrastructure have become the standard.
“We’re excited to be a part of Goodville’s industry-leading tech overhaul together with DXC,” said Christopher W. Ewing, CEO and founder at One Inc. “We know firsthand how property and casualty losses have devastating effects, but we’re hopeful our integration of digital, no-touch payments will enable Goodville members to recover more quickly from loss than antiquated physical claims payments systems.”
About One Inc
One Inc is modernizing the insurance industry through a unified and frictionless payment experience. Focusing only on the insurance industry, One Inc helps carriers transform their operations by reducing costs, increasing security, and optimizing customer experience. The comprehensive end-to-end digital payments platform provides expanded payment options, multi-channel digital communications, and rapid digital claim payment, even for the most complex insurance use cases. As one of the fastest growing digital payments platforms in the insurance industry, One Inc manages billions of dollars per year in premiums and claims payments. For more information, please visit www.oneinc.com.
About Goodville Mutual Casualty Company
Goodville Mutual was founded in 1926 by a small group of Mennonites aware of the growing need for automobile insurance in Lancaster County, Pennsylvania. They created a company on the principle of bearing one another’s burdens. Although this vision reflected the Anabaptist beliefs of service and mutual aid, it was agreed that the company would serve the wider community. Since 1926, Goodville Mutual has enjoyed growth and stability and has expanded to include coverage for homes, small businesses, farms, and churches in eight states. With strong support from professional independent agents who have been the cornerstone of our success, Goodville Mutual currently has annual revenues exceeding $200 million with assets exceeding $400 million. For more information, please visit www.goodville.com.
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