OneDegree is one of the Top-25 InsurTechs in Asia
Jun 03, 2021
Asia’s InsurTech ecosystem is growing with strong insurer and investor interests, and the Covid-19 has accelerated technology adoption and developments.
In a recent Asia Insurance Review publication co-authored by Willis Towers Watson and CB Insights, OneDegree has been shortlisted as one of the top-25 InsurTechs in Asia.
To learn more, visit TheIXT.com or About IXT
“With Asia being the growth engine of the global insurance sector, we are expanding our collaboration with insurers across the region by leveraging the IXT solutions to help accelerate digital transformation and unlock new opportunities,” said Alex Leung, Co-Founder of OneDegree Global.
Source: Asia Insurance Review | June 2021
Introducing the new IXT brand identity
The new IXT identity and expression stand for the convergence of warmth and human-centric experience and power of technology. The brand concept is derived from the “x”, which represents integration, the coming together of two ideas, and can be manifested as reorganization, fluidity, and fusion.. The visual logo is shaped with curved edges to form I & T, while X is represented by the negative space between the two letters. The visual imbalance creates a sense of fluidity, as well as expressing the concept of using a lever to pivot from the old to the new. Figuratively, it is an hourglass, representing a two-way link between insurance and technology, and it can also be a pivot, spinning us away from existing notions of insurance towards endless new possibilities enabled by IXT. Digital transformation can be complex, multi-dimensional and subject to uncertainties. By leveraging modern technology and our deep industry expertise, IXT aims to empower insurers to break free from the incumbent boundaries and limitations. To learn more, visit TheIXT.com and follow us on LinkedIn
OneDegree and The Method uncover Thailand insurance consumer insights in a new research
OneDegree Global has partnered with The Method on an insurance consumer insights survey for Thailand. The research offers latest insights on the insurance perception, ownership and preferences of the Thai consumers. Despite economic contraction due to COVID-19, Thailand’s insurance market still managed to grow, with a surge in demand for health insurance that is driven by an increased awareness of the value of health protection. According to the study, over 70% of the respondents prefer online channels for purchasing insurance product, and with close to half of the respondents have already purchased online. While majority of the respondents are satisfied with their insurers, they are looking for hooks such as better services and lower premium to keep them loyal. “This signals a growing demand for digitalization in Thailand’s insurance industry,” stated Alex Leung, Co-Founder of OneDegree Global. “The expectation for more personalized products and services will drive digital transformation and pressure insurers to raise operational efficiency, diversify online distribution, as well as strengthen product development and pricing capabilities.” Other key findings from the research include: Health insurance is the most owned product in Thailand (60%) followed by Motor Insurance (46%) and Home Insurance (29%). Policy coverage and the price are considered to be the most important factors when purchasing insurance. 48% of the respondents indicated that they are most influenced by friends, family, and colleagues before purchasing an insurance policy. More than half of the respondents would consider changing their insurer to one that offers a customizable insurance package (65%)...
Making an Impact: IXT named as Oxbow Partners’ 2021 InsurTech Impact 25
We are honored to have been selected as one of Oxbow Partners’ InsurTech Impact 25 companies for 2021.