The natural disaster insurer modernizes their business with an end-to-end payments solution
FOLSOM, Calif. – September 28, 2021 – One Inc, the leading digital payments network for the insurance industry, announced today that premier earthquake insurance provider GeoVera Insurance Group (GeoVera) has selected its PremiumPay and ClaimsPay products to transform inbound payment collections and outbound payment disbursements.
Established in 2005, GeoVera is a California-based company whose subsidiaries sell residential insurance solutions with a focus on catastrophe-exposed property in the United States. Operating on both an admitted and surplus lines basis, GeoVera provides specialized insurance solutions that help customers rebuild after nature’s worst disasters.
After seeking a single provider that could offer an end-to-end solution across payment collections and disbursements to provide a more seamless experience for customers, GeoVera adopted One Inc’s platform to address both requirements.
“With a focus on innovation, GeoVera has long sought to meet new customer needs, and the adoption of One Inc it continues these efforts in vastly improving our claims and payments workflow,” said Brian Sheekey, Chief Financial Officer at GeoVera. “Our customers have very high expectations, given the critical coverage we provide, and we always strive to do well by them, leveraging advanced insurtech platforms to provide the most seamless experience possible.”
GeoVera is the first earthquake insurance specialist to join One Inc’s client ranks, which now number nearly 200 overall and include five of the 15 largest insurers in the United States.
“We are very excited GeoVera will be leveraging our full platform capabilities,” says Ian Drysdale, Chief Executive Officer at One Inc. “As a platform built by insurers for insurers, One Inc’s technology will bolster GeoVera’s unique insurance solutions to make payment disbursements and collections faster and easier than ever before.”
About One Inc
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 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 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.
Headquartered in Fairfield, California, GeoVera Insurance Group provides innovative insurance solutions in catastrophe exposed areas, and is the leading provider of residential earthquake insurance. To keep pace with the rise in natural disasters, GeoVera uses a strategic and agile approach to developing products that are both impactful and reliable. GeoVera has decades of experience managing claims during nature's worst catastrophes, and has earned a financial rating of “A” (Excellent) by A.M. Best Company. As the only A rated company to offer earthquake insurance online direct to homeowners, GeoVera is known for providing remarkable digital experiences in the insurance industry. For more information about the GeoVera Insurance Group of Companies and product offerings, visit geovera.com.
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