I N D U S T R Y O U T L O O K
I N D U S T R Y O U T L O O K
PremiumPay, carriers can accelerate their modernisation efforts, reduce complexity and deliver improved customer experiences without the time and cost associated with updating their existing platforms.”
“ This product integration offers a critical path to unlocking value from digital payments tailored to the needs of life insurers,” said Ian Drysdale, CEO, One Inc.“ We can eliminate the typical barriers of custom integrations and enable carriers to adopt modern inbound payment capabilities with greater speed and efficiency. This collaboration emphasises our strengths to modernise the life insurance landscape while offering a unified platform for payments.”
The integration arrives at a time when insurers face growing pressure to reduce operational costs, meet regulatory demands, and keep pace with customer expectations for seamless digital experiences. As the UK life insurance market alone is forecast to exceed £ 240 billion in written premiums by 2025, embracing streamlined, digital payment processes is fast becoming a business necessity rather than an option. The LIDP-One Inc partnership reflects a broader trend of insurtech innovation aimed at transforming the customer experience and increasing operational resilience across the life insurance industry. � www. intelligentfin. tech
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