OneDegree, known for its digital asset insurance solutions under the OneInfinity brand, has expanded its portfolio with a new cyber insurance offering, targeting a wide range of industries beyond Web3 companies.
The digital domain is facing an unprecedented escalation of cyber threats, with AI technologies presenting both immense potential and novel challenges. The Asia markets are particularly confronted with a critical challenge: a significant portion of cyber risks remains uninsured or underinsured. Addressing this gap is imperative to fortify businesses against the growing tide of AI-driven cyber threats.
Recognizing the urgent need for evolved cyber protection, OneInfinity Cyber Insurance is specifically designed to confront this dual-edged reality, offering comprehensive coverage that spans both traditional cybersecurity events and the unique challenges introduced by AI-driven cyber threats.
A Cyber Insurance Product Truly Designed for Cyber Risk Protection
Additionally, OneInfinity Cyber Insurance sidesteps the traditionally cumbersome and outdated cyber insurance underwriting process with its technology-first approach. By integrating Cymetrics’ advanced cybersecurity exposure scanning solution, it enables real-time risk assessment and scoring within its underwriting process. This modern approach offers a fast and fuss-free application experience with instant policy issuance for eligible companies.
Beyond offering financial recovery post-incident, the OneInfinity Cyber Insurance has partnered with Blackpanda to provide professional incident response services and Cymetrics to offer proactive cyber risk monitoring solution to its clients. Detailed insights and actionable recommendations to address vulnerabilities are included with the Cymetrics assessment reports, ensuring that OneInfinity Cyber Insurance clients are not just insured, but also informed and one step ahead of potential threats.
The onboarding flow of OneInfinity Cyber Insurance flow is designed from IXT Launchpad module, which provides a ready-made frontend journey template for insurers to quickly tailor for its branding and launch to market.
Innovative Product Design and Seamless User Experience Delivered by IXT
Configured on IXT’s powerful product engine and Launchpad – a seamless frontend journey builder, this cutting-edge cyber insurance product offers a 100% digital straight-through experience and a suite of flexible plans designed for Hong Kong SMEs to receive an instant quote and insurance policy in just under 15 minutes.
Additionally, the IXT platform brings easy-to-use policy admin features for OneDegree operators to quickly review completed applications as well as abandoned shopping carts, including applications that require further manual reviews from underwriters to maximize business performance.
The onboarding flow of OneInfinity Cyber Insurance flow is designed from IXT Launchpad module, which provides a ready-made frontend journey template for insurers to quickly tailor for its branding and launch to market.
Alex Leung, Co-Founder of OneDegree, says, “As we navigate through an era where digital threats are evolving at an unprecedented pace, it’s clear that traditional cyber insurance solutions are no longer sufficient. With the launch of OneInfinity Cyber Insurance, we at OneDegree are not just responding to the market’s demand for more comprehensive coverage; we’re anticipating the future needs of businesses across Asia. OneInfinity is more than insurance—it’s a partnership in resilience, designed to ensure that businesses can thrive in the digital age with confidence.”
For further information about OneInfinity Cyber Insurance and the technologies that power it, please visit here