MBA Insurance Adopts One Inc’s PremiumPay for Digital Payment Overhaul
Event summary
- MBA Insurance, a subsidiary of Brown & Brown, has selected One Inc’s PremiumPay to modernize its inbound payment capabilities.
- The integration aims to expand digital payment options, including PayPal and Venmo, alongside traditional credit/debit cards.
- One Inc handles $120 billion in premiums and claims annually across 310+ carriers.
The big picture
This partnership aligns with the broader industry shift toward digital-first payment solutions in insurance, driven by policyholder demand for convenience. One Inc’s focus on specialized insurance payments positions it as a key player in modernizing carrier operations, though scaling such integrations across large brokerages like Brown & Brown presents execution challenges.
What we're watching
- Adoption Pace
- How quickly MBA Insurance can integrate PremiumPay and scale its digital payment offerings across policyholders.
- Competitive Response
- Whether rival insurers will accelerate their own digital payment modernization efforts in response.
- Operational Impact
- The extent to which PremiumPay reduces manual processing and improves cash flow for MBA Insurance.
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