One Inc, a Leading Digital Payments Platform in Insurance, Announces New Board Chairman to Propel Next Growth Phase

Business Wire

Scott G. Stephenson brings extensive insurance expertise to fuel expansion and innovation

FOLSOM, Calif.--(BUSINESS WIRE)--
One Inc, a leading payments network and software platform for the insurance industry, today announced it has appointed insurance technology industry veteran Scott G. Stephenson Chairman of the Board of Directors.

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Scott G. Stephenson (Photo: Business Wire)

Stephenson’s appointment follows the investment by Nordic Capital joining Great Hill Partners as owners in One Inc. One Inc’s management team also continues to hold a significant investment, underscoring its commitment to providing solutions that improve the efficiency of the entire insurance market.

From collecting premium payments to disbursing claims, One Inc strives to ensure a frictionless experience, merging all payment flows into one unified software platform. One Inc’s powerful payments network, which now includes 900,000 vendors and processes more than $96 billion in annual payments, is at the forefront of a transformation in the insurance industry. The company proudly serves over 265 leading carriers, MGAs and TPAs.

“With Scott’s strategic insight, One Inc is poised to further expand its position as the leading digital insurance software and payments platform in the U.S.," said Ian Drysdale, CEO of One Inc. "Scott’s extensive capabilities coupled with the existing strengths of our distinguished board members will be invaluable as we execute upon the next phase of our growth. I am excited about the opportunities that lie ahead and our ability to continue delivering solutions that connect and empower the entire insurance ecosystem."

Stephenson served Verisk Analytics for more than twenty years in leadership roles including President, Chairman, and Chief Executive Officer. Under his leadership as CEO from 2013 to 2022, the company doubled its revenue, quadrupled its market capitalization, and tripled the number of countries served. From 2000 to 2020, Verisk’s total shareholder return increased at a compound annual growth rate of 26.8%. Stephenson also was ranked among the Top 25 Most Innovative Leaders Worldwide by Forbes in 2018 and was named one of America’s Most Innovative Leaders a year later.

“It’s a privilege and honor to join the One Inc Board during such an exciting time,” Stephenson said. “With its focus on pioneering digital payment solutions that support the entire insurance ecosystem, One Inc is on an impressive growth trajectory. I’m looking forward to working with Ian and the team, advancing the company’s vision, and shaping the next phase of growth, particularly through digitalization and transformative products that streamline the payment process for all stakeholders.”

Additional information about the Board of Directors can be found here.

About One Inc

One Inc is modernizing the insurance industry for over 265 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 experiences. 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 billions in premiums and claims annually. Recently acknowledged by CNBC as one of the World’s Top Fintech Companies for 2024 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 information, please visit www.oneinc.com.

About Nordic Capital

Nordic Capital is a leading sector-specialist private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and Services & Industrial Tech. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested over EUR 25 billion in close to 150 investments. The most recent entities are Nordic Capital XI with EUR 9.0 billion in committed capital and Nordic Capital Evolution II with EUR 2.0 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, Norway, and South Korea. For further information about Nordic Capital, please visit www.nordiccapital.com.

"Nordic Capital" refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures, and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital's entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as "Nordic Capital Advisors."

About Great Hill Partners

Founded in 1998, Great Hill Partners is a private equity firm targeting investments of $100 million to $500 million in high-growth companies across the software, financial services, healthcare, consumer, and business services sectors. With offices in Boston and London, Great Hill has raised over $12 billion of commitments and invested in more than 100 companies, establishing an extensive track record of building long-term partnerships with entrepreneurs and providing flexible resources to help middle-market companies scale. Great Hill has been recognized for its industry leadership, being ranked in the top five of HEC Paris-Dow Jones' Mid-Market Buyout and Performance Ranking lists from 2021-2023. For more information, including a list of all Great Hill investments, visit www.greathillpartners.com.