Stephenson’s career includes more than 20 years at Verisk Analytics, where he held several leadership positions including president, chairman and CEO. Credit: Kunst Bilder/Shutterstock.

Insurance payments and software solutions provider One Inc has appointed Scott G. Stephenson as chairman of the board of directors.  

Stephenson’s appointment comes after Nordic Capital joined Great Hill Partners as co-owners of One Inc. 

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This follows the March 2024 announcement that Great Hill Partners, an investor in One Inc since 2020, will retain an equal stake to that of Nordic Capital. 

The management team at One Inc also retained a “significant investment” in the company. 

Stephenson’s career includes more than 20 years at Verisk Analytics, where he held several leadership positions including president, chairman and CEO.  

During his tenure as CEO from 2013 to 2022, the company doubled its revenue, quadrupled its market capitalisation and expanded operations to three times the number of countries it had served.   

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Stephenson added: “I am looking forward to working with Ian and the team, advancing the company’s vision and shaping the next phase of growth, particularly through digitalisation and transformative products that streamline the payment process for all stakeholders.” 

One Inc CEO Ian Drysdale said: “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 US. 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.” 

One Inc has established a payments network that includes 900,000 vendors and processes more than $96bn in annual payments.  

The company’s reach extends to more than 265 leading carriers, managing general agents and third-party administrators.  

Additionally, One Inc recently partnered with Columbia Insurance Group to deliver two digital payment solutions, PremiumPay and ClaimsPay, aimed at enhancing payment processing efficiency for both inbound and outbound transactions.