One Inc and Verisk Link Up to Bring Seamless Digital Payments to Life Insurers
Modern Payments Meet Modern Policy: One Inc Integrates with Verisk FAST to Upgrade Life Insurance Ops
One Inc, a heavyweight in digital payments for insurance, has announced a new pre-built integration with Verisk’s FAST platform—an agile, modular system built to modernize life insurance operations. The collaboration brings One Inc’s PremiumPay® solution directly into FAST’s flexible architecture, giving life insurers a plug-and-play path to digitizing inbound payments.
For an industry still mired in paper checks and siloed processes, this move promises to accelerate digital transformation without the burden of costly custom integrations.
From Policy to Payment—In One Streamlined Flow
With this integration, life insurers can now offer seamless digital payment options—think credit card, ACH, and digital wallet—while reducing reliance on physical payment methods or clunky workarounds. The result? Faster onboarding, cleaner operations, and a smoother experience for policyholders.
“This product integration offers a critical path to unlocking value from digital payments tailored to the needs of life insurers,” said Ian Drysdale, CEO of One Inc. “It removes the friction typically associated with custom integrations, letting carriers scale modern payment capabilities faster.”
The integration is built to:
- Automate inbound payment workflows
- Reduce operational overhead and manual processing
- Enable omni-channel communication with policyholders
- Support flexible configuration to match insurer-specific workflows
This is not a bolt-on or workaround—it’s a direct connection between two platforms purpose-built for insurance. That’s rare in a tech landscape often littered with generic payment processors and patchwork solutions.
A Digital Transformation Shortcut
For Verisk, this integration is about more than just payments—it’s a strategic enabler for life and annuity carriers looking to overhaul aging infrastructure. FAST, which stands for “Flexible Architecture, Simplified Technology,” is designed to streamline every touchpoint in the policy life cycle, from underwriting to claims.
“By integrating digital payment capabilities in collaboration with PremiumPay, carriers can accelerate their modernization efforts, reduce complexity and deliver improved customer experiences,” said Saurabh Khemka, Co-President of Underwriting Solutions at Verisk.
That’s critical in a segment where legacy systems have long resisted change. Unlike P&C insurance, life and annuities often lag in digital adoption due to product complexity, regulatory sensitivity, and long policy durations. The One Inc–Verisk partnership offers a shortcut around those hurdles.
Why It Matters for the Insurance Industry
The timing is no accident. The life insurance market is facing mounting pressure to modernize amid rising customer expectations and an aging policyholder base. At the same time, insurers are grappling with operational inefficiencies, high servicing costs, and the need for better digital engagement tools.
Enter PremiumPay® + FAST—a combined solution that simplifies payments and enables scalable self-service without disrupting existing operations. It also offers life insurers a competitive edge: the ability to deliver a frictionless policyholder experience on par with today’s digital-first financial services.
One Inc’s track record backs that up. The company processes billions annually in premiums and claims for over 270 insurance carriers, and has been recognized by CNBC and Inc. 5000 for its rapid growth and fintech innovation.
The Bigger Picture: Insurance’s Platform Future
This integration is more than just an upgrade—it’s a signal. The insurance industry is inching toward platformization, where open, interoperable systems like FAST and One Inc’s payments network form the backbone of modern operations. Instead of monolithic, hard-coded systems, the future lies in configurable ecosystems that play well together.
For carriers, that means fewer roadblocks to adopting best-in-class tools. For policyholders, it means intuitive digital experiences that finally match their expectations. And for tech providers like One Inc and Verisk, it’s a chance to lead the charge in a market hungry for change.
