Input 1 and OneShield have formalized a strategic partnership to embed digital payments and premium finance capabilities directly into the OneShield core systems platform. This integration allows property and casualty (P&C) insurers, managing general agents (MGAs), and program administrators to deploy unified financial workflows during initial system implementation. By pre-integrating these services, the companies aim to eliminate the need for third-party sourcing and manual connection of payment infrastructures. This development targets the operational friction often found when reconciling core policy administration with disparate billing and financing modules.
OneShield and Input 1 Deploy Pre-Integrated Financial Workflows
The partnership enables OneShield users to adopt Input 1’s digital payment and premium finance tools as a native component of their existing environment. This capability covers premium collection across three critical lifecycle stages: new business, endorsements, and renewals. The integrated flow allows insureds to select between full payments or premium financing within a single transaction process. Supported payment methods include ACH, debit/credit cards, Apple Pay, Google Pay, PayPal, and Venmo. By presenting these options at the point of purchase, the companies are positioning the technology to consolidate what were previously separate financial processes into a single, cohesive user experience for the policyholder.
Proven Infrastructure for Carriers and MGAs
The technical alignment between Input 1 and OneShield is already functioning within several established client environments. For instance, insurance broker and administrator Forrest T. Jones & Company (FTJ) utilizes Input 1 digital payments within OneShield to manage over 10,000 annual online submissions. Additionally, ALPS, a carrier specializing in lawyers' malpractice insurance, employs Input 1 for agency-billed policies administered through OneShield, utilizing its premium finance program and recurring payment capabilities. Input 1 currently supports the management of $16 billion in annual insurance premiums across North America, providing a scale of infrastructure that OneShield is now leveraging to offer more immediate functionality to its broader client base of P&C carriers and MGAs.
Key Takeaways
- The partnership provides pre-integrated digital payments and premium finance capabilities for OneShield P&C carriers, MGAs, and program administrators.
- Integrated payment methods include ACH, debit/credit cards, Apple Pay, Google Pay, PayPal, and Venmo.
- Input 1 currently manages $16 billion in annual insurance premiums and supports more than 2 million users.
FinanceInsyte's Take
In our view, this partnership represents a strategic move to reduce the "implementation gap" that often plagues core system modernizations in the insurance sector. By moving away from a modular approach where payments are bolted on post-launch, OneShield is attempting to lower the technical risk and time-to-market for its clients. For MGAs and carriers, the ability to offer premium financing and diverse digital payment methods—like Venmo or Apple Pay—at the point of sale is not just a convenience; it is a move to capture higher conversion rates during the renewal and endorsement phases. This integration signals a shift toward more holistic, "all-in-one" financial ecosystems within insurance core platforms.
Questions & Answers
How does this integration affect the implementation timeline for OneShield clients?
The partnership allows carriers and MGAs to activate digital payments and premium finance at the time of implementation. This removes the requirement to source, vet, and manually connect separate payment providers after the core system is live.
Which specific insurance lifecycle stages are covered by the Input 1 integration?
The integrated capabilities are designed to handle premium collection during new business transactions, policy endorsements, and policy renewals.
What financial transaction types can insureds select within the integrated flow?
Insureds can choose to pay their premiums in full or opt for premium financing. Both options are presented within a single transaction flow at the point of purchase.
What is the scale of the financial infrastructure being integrated?
The integration leverages Input 1's existing infrastructure, which supports the management of $16 billion in annual insurance premiums and serves more than 2 million users.
Source: Businesswire
