InsurPay
InsurPay (One Inc) provides a unified digital payments platform that lets US and Canadian insurance carriers collect premiums and disburse claims digitally across multiple lines of business, processing $120B annually for 310+ carriers.
- Company typePrivate
- Founded2003
- HeadquartersSimi Valley, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What InsurPay does
InsurPay, doing business as One Inc and legally organized as One Inc Software Corporation, is a US-based private fintech founded in 2003 and headquartered in Simi Valley, California. The company operates a unified digital payments platform purpose-built for the insurance industry, integrating inbound premium collection (PremiumPay) and outbound claims disbursement (ClaimsPay) onto a single secure platform. Supporting modules cover digital policyholder engagement, automated reconciliation and reporting, security and compliance (including tokenization that removes sensitive payment data from carrier networks), and a vendor-provider network of over 1,250,000 payees across auto, healthcare, legal, and additional industries.
The platform processes credit card and ACH payments and serves 310+ insurance carrier customers across seven lines of business: auto, commercial lines, life, managing general agents (MGAs), non-standard auto, property, and workers compensation. Named customers include American National Life, Amerisure, Germania, SageSure, Tower Hill, Farm Bureau Virginia, Olympus, Medical Mutual, and Gainsco. The technology is differentiated by deep integration with carrier core systems, multi-channel digital engagement, and the scale of $120 billion in annual payment volume processed through the platform.
InsurPay monetizes via transaction-based fees on payment processing volume (take-rate model) under enterprise quote-based multi-year contracts with insurance carriers. The go-to-market is primarily direct enterprise field sales supplemented by channel partners/alliances, targeting US and Canadian insurers. The company operates with a lean team of 11-50 employees, indicating a high-velocity, asset-light operating model that generates significant scale per headcount.
InsurPay firmographics
Firmographics- Name
- InsurPay
- Legal name
- One Inc Software Corporation
- Website
- https://insurpay.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- InsurPay (One Inc) provides a unified digital payments platform that lets US and Canadian insurance carriers collect premiums and disburse claims digitally across multiple lines of business, processing $120B annually for 310+ carriers.
- Ownership category
- akta.pro rank
InsurPay industry classification
Industry- Product category
- Insurance Payments Software
- NAICS
- Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)
- akta.pro secondary industries
- Recurring Billing & AutoPay Management (FSAMAJAE), A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB)
Keywords
Where InsurPay is headquartered
LocationHeadquarters
- HQ city
- Simi Valley
- HQ country
- United States
- HQ region
- North America
Markets served
InsurPay business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Payment Processing Fees: Transaction-based fees charged to insurance carriers for processing premium collections and claims disbursements through the platform. The platform handles credit card and ACH payments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Multi-year contract | Enterprise pricing tailored to insurance carriers |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
InsurPay product offering
Product offeringCore offering
InsurPay (operated by One Inc) provides a digital payments platform built exclusively for the U.S. insurance industry, enabling carriers to collect premium payments from policyholders and disburse claim payments to vendors and claimants. The platform combines PremiumPay (credit card and ACH premium processing) and ClaimsPay (digital claims disbursement) into a single secure, tokenized platform supporting multiple payer types and integrating with carrier core systems.
Product overview
InsurPay (One Inc) offers a unified insurance payments platform designed exclusively for insurers, consisting of two core products: PremiumPay for premium collection and ClaimsPay for claims disbursement, unified under the One Platform architecture. PremiumPay enables insurers to securely process credit card and ACH payments aligned with core systems, while ClaimsPay delivers fast, secure digital claim payments through multiple channels. The platform also includes supporting modules for customer experience, digital engagement, reporting and reconciliation, security and compliance, and a vendor-provider network supporting over 1,250,000 providers across multiple insurance verticals including auto, commercial lines, life, property, and workers compensation.
Differentiator
Problem solved
Functional benefit
Brands
- ClaimsPay: Digital claims payment platform for delivering fast, secure digital claim payments through payees' preferred channels and methods.
- PremiumPay
Products and services
- PremiumPay A digital premium payment solution for insurance carriers that aligns the payment experience with core insurance systems and securely processes credit card and ACH payments from policyholders.
- ClaimsPay A digital claims disbursement solution that enables insurance carriers to pay vendors, providers and claimants through electronic payment channels.
- One Platform The unified digital payments platform from InsurPay/One Inc that consolidates premium collection and claims disbursement capabilities into a single, secure, integrated software offering for insurance carriers.
Quantifiable outcome
- Streamlined premium collection with straight-through processing replacing manual, paper-based workflows
- +2 more outcomes
Companies that use InsurPay
Customer profileNamed customers18 records
Segments7 records
Ideal customer profiles1 record
InsurPay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
InsurPay partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights6 records
InsurPay competitors and assessment
Company assessmentDirect peers
- ACI Worldwide: ACI Worldwide operates a global real-time payments platform serving banks, merchants and billers, including insurance premium and disbursement use cases directly comparable to One Inc's PremiumPay and ClaimsPay.
- InstaMed (J.P. Morgan): InstaMed, part of J.P. Morgan, provides healthcare and insurance payment processing for premium collection and claims disbursement, directly competing with One Inc's unified platform model.
- Bottomline Technologies: Bottomline provides business-to-business payment and disbursement solutions including insurance use cases, overlapping with One Inc's B2B vendor and claims payment rails.
- iPipeline: iPipeline builds digital solutions for the life insurance and financial services industry, including illustrations, e-applications and fulfillment that increasingly touch payment workflows adjacent to One Inc's offerings.
- Vertafore: Vertafore is a leading insurance software platform serving carriers and agencies; its core system and agency-management footprint overlaps with the integrator ecosystems that One Inc connects into.
Broad incumbents
- Fiserv: Fiserv is a large incumbent fintech providing merchant acquiring, bill payment and disbursement infrastructure; its scale and breadth make it a natural competitor across One Inc's premium and claims workflows.
- Stripe: Stripe is a broad incumbent in payment processing for internet businesses; its expansion into vertical and B2B payments makes it a structural alternative for carriers evaluating unified platforms like One Inc.
Emerging players
- Alacriti: Alacriti offers a payments-as-a-service platform with EBPP, disbursements and real-time payments capabilities, making it a relevant emerging competitor in the same vertical-payments niche as One Inc.
- Modern Treasury: Modern Treasury provides payment infrastructure and APIs for moving money in real time, including disbursement workflows that overlap with One Inc's ClaimsPay and vendor-payment rails.
Regional players
- PayNearMe: PayNearMe provides bill payment and disbursement solutions for US-focused insurance, consumer and SMB verticals, overlapping with One Inc's premium-collection and digital-engagement modules.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
InsurPay social profiles
Digital presenceInsurPay financial estimates
Financial estimateRevenue estimate
Valuation estimate
InsurPay leadership team
Management profileNumber of profiles
Profiles3 records
InsurPay funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
InsurPay M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about InsurPay
What does InsurPay do?
InsurPay (operated by One Inc) provides a digital payments platform built exclusively for the U.S. insurance industry, enabling carriers to collect premium payments from policyholders and disburse claim payments to vendors and claimants. The platform combines PremiumPay (credit card and ACH premium processing) and ClaimsPay (digital claims disbursement) into a single secure, tokenized platform supporting multiple payer types and integrating with carrier core systems.
Is InsurPay a public or private company?
InsurPay is a private company. It is classified as unknown and is currently operating.
When was InsurPay founded?
InsurPay was founded in 2003. It employs 11 to 50 people.
Where is InsurPay based?
InsurPay is headquartered in Simi Valley, United States, in the North America region.
How does InsurPay make money?
One revenue line is on record: payment Processing Fees.
Who are InsurPay's main competitors?
Direct peers on record are ACI Worldwide, InstaMed (J.P. Morgan), Bottomline Technologies, iPipeline and Vertafore. Broad incumbents are Fiserv and Stripe. Emerging players are Alacriti and Modern Treasury. PayNearMe is listed as a regional player.
Does InsurPay have an API?
No public API is recorded for InsurPay.
What industry is InsurPay in?
InsurPay's product category is Insurance Payments Software. Its primary akta.pro industry code is FSAMABAA, Integrated Payment Processors (PSP/Acquirer), with a secondary code of FSAMAJAE, Recurring Billing & AutoPay Management. Its NAICS code is 5242 and its SIC code is 7370.