Folsom-based One Inc has announced a collaboration with Iowa's Benekiva aimed at modernizing the insurance claims and payments process. This partnership will allow insurance companies to transition from traditional paper checks to more efficient electronic transfers.
The main goal of this partnership is to streamline the claims process by reducing the reliance on paper documentation. By implementing electronic payment solutions, One Inc and Benekiva hope to expedite the way claims are handled, improve accuracy, and enhance overall customer satisfaction.
This development is likely to benefit various stakeholders in the insurance industry, from insurers to policyholders. Insurance companies can expect a more efficient claims process, which can lead to cost savings and improved operational efficiency. For policyholders, receiving claims payments electronically means faster access to funds, making the claims experience less stressful and much more straightforward.
While the shift to digital payments in insurance is not entirely new, this collaboration signals a commitment to modernization within the industry. As digital transformation continues to gain momentum, partnerships like this one are essential for meeting growing consumer expectations regarding speed and efficiency in claims processing.
Overall, the partnership between One Inc and Benekiva appears to be a step in the right direction for the insurance sector, providing necessary technological advancements that could reshape how transactions are carried out in the future.
Original Source: https://www.bizjournals.com/sacramento/news/2026/01/05/one-inc-benekiva-insurance-tech-partnership.html