May 15, 2025 Newswires

AAA Life Insurance Company Selects One Inc’s PremiumPay® to Support Digital Payment Processing

Business Wire

Inbound Payments Solution to Help Streamline Billing Experience for Policyholders

FOLSOM, Calif.--(BUSINESS WIRE)--
One Inc, the leading digital payments network for the insurance industry, today announced that AAA Life Insurance Company (AAA Life) has selected its PremiumPay^® solution to support the company’s digital payment processing capabilities. AAA Life will use PremiumPay as its primary platform for digital payment processing, offering policyholders a wider range of flexible, secure payment options while streamlining internal processing.

AAA Life’s decision to implement PremiumPay is part of an ongoing effort to enhance operational efficiency and improve the billing experience for policyholders. This investment supports AAA Life’s broader goals to reduce paper billing, expand digital service capabilities, and better meet the evolving needs of its customers.

The adoption of PremiumPay will also allow AAA Life policyholders to make inbound premium payments through familiar platforms like Venmo and PayPal and other traditional direct payment models.

“Modernizing our digital payment process is one way we’re making it easier for policyholders to manage their coverage,” said Michael Vellat, Chief Operations Officer, AAA Life. “Integrating One Inc’s platform helps us streamline operations and scale to meet the needs of our growing customer base.”

“Efficient and seamless payment solutions are crucial for driving growth and improving the member experience,” said Ian Drysdale, Chief Executive Officer, One Inc. “We’re pleased to support AAA Life with PremiumPay as they continue enhancing their digital infrastructure and delivering a more convenient payment experience for their policyholders. Our goal is to provide flexible, future-ready solutions that align with the evolving needs of the insurance industry.”

About One Inc

One Inc is modernizing the insurance industry for over 270 carriers through a unified and frictionless payment network. Specializing solely in insurance, One Inc enhances carrier operations by cutting costs, boosting security, and improving customer experience. Their all-inclusive digital payments platform offers diverse payment options, multi-channel communications, and swift claim settlements, even for complex cases. As a leading digital payments platform, One Inc handles over $113 billion in premiums and claims annually. Recently acknowledged by CNBC as one of the World’s Top Fintech Companies and consistently listed on the Inc. 5000 list of Fastest-Growing Companies over the past three years, One Inc stands as a leader in fintech innovation.

For more details, please visit www.oneinc.com.

About AAA Life Insurance Company

AAA Life Insurance Company is committed to helping individuals protect what matters most through a range of life, accident, and annuity solutions. Since 1969, the company has built a reputation for reliability, financial strength, and trusted service—delivering on its promise to be there for policyholders when they need it most. As part of the American Automobile Association (AAA), AAA Life proudly serves both AAA club members and the broader community with the same trust and commitment that AAA has delivered for over a century. Headquartered in Livonia, Michigan, and backed by an “A” (Excellent) rating from AM Best, AAA Life serves policyholders nationwide and continues to grow by putting people first and delivering protection with purpose.