IXT Resource Library

IXT, a leading core insurtech solution provider under AIFT, the global technology firm in the lead, announced a partnership with Richmond Insurance Brokers to launch the first digital platform for commercial insurance in Taiwan. This collaboration brings fresh momentum to the Taiwanese insurance market, offering small and medium-sized enterprises (SMEs) a more convenient and efficient way to access commercial insurance services. This groundbreaking initiative integrates commercial insurance products from several well-known insurers, including cybersecurity insurance from MSIG Mingtai Insurance, public liability insurance for businesses and property management committees from Hotai Insurance, and event liability insurance from Union Insurance. Through IXT’s Launchpad platform, traditional complex insurance processes can be digitized, significantly simplifying the quoting and policy issuance experience. Notably, the cybersecurity insurance offering from MSIG Mingtai Insurance is deeply integrated with Cymetrics, a cybersecurity risk assessment provider under AIFT. SMEs can submit their domain information to be scanned and analyzed by Cymetrics’ EASM cybersecurity risk platform, with premiums automatically calculated based on the domain’s risk ratings — creating a more risk-driven approach to cyber protection. Michelle Ip, CEO of AIFT Enterprise, commented:“Our goal is to fundamentally transform the insurance experience — including commercial insurance — through our innovative solutions. With the Launchpad platform, we’ve not only digitized cumbersome insurance processes, but also established a powerful policy management system and rapid product update mechanism. This enables SMEs to complete their insurance purchase and enjoy protection seamlessly.” Kevin Kuo, General Manager of Richmond Insurance Brokers, added: “Commercial insurance has long been one of...

From left to right: Tony Hsing, General Director, Shin Kong Vietnam Company Ltd.; James ChanConsultant, Phu My Hung Holdings; Min-Yi Huang, President, Shin Kong Life Insurance Co. Ltd.;Mark Wei, Chairman, Shin Kong Life Insurance Co. Ltd.; Michelle Ip, CEO, AIFT Enterprise; Bùi Văn Thành, Lawyer, Newsun Law Firm; Daniel Lin, General Manager, Chunghwa Telecom Vietnam and Kevin Chang, Chairman, Shin Kong Vietnam Company Ltd. Shin Kong Vietnam and PVI Insurance (PVI) held a formal opening ceremony today, marking the beginning of their strategic cooperation and the official launch of a new Compulsory Third Party Liability (CTPL) insurance platform. The grand opening ceremony brought together key stakeholders from across the insurance sector. Attendees included the Director General of the Vietnam Insurance Authority, representatives from Taiwan Financial Supervisory Commission, Chairman Wei from Shin Kong Life, PVI  Insurance (PVI), Dai-Ichi Life, and AIFT, as well as representatives from strategic business partners, government agencies, and the media. Their presence highlighted the significance of this partnership for the future of Vietnam’s insurance sector. In the opening remark session, Chairman Wei of Shin Kong Life said: “This cooperation is a significant milestone for us in Vietnam,” “AIFT’s IXT core insurance platform has allowed us to digitize rapidly, and partnering with PVI ensures we deliver localized, customer-centric solutions.” For PVI, the partnership offers access to global best practices and advanced technology infrastructure, supporting its ongoing digital expansion ambitions through diverse distribution channels. For Shin Kong Vietnam, PVI provides invaluable market insights, capabilities to cooperate through technology, and...

From left to right: Mutzu Hong, Assistant Vice President of Shin Kong Life; Daniel Shou, Senior Vice President of Shin Kong Life; Michelle Ip, CEO of AIFT Enterprise; Mark Wei, Chairman of Shin Kong Life; and Frank Liao, Director of Partnership at AIFT AIFT and Shin Kong Life, under the leadership of Shin Kong Life Taiwan Chairman Mark Wei, are pleased to announce the signing of a strategic cooperation agreement today. This partnership signifies a joint commitment to transform Vietnam’s digital insurance market through AIFT’s IXT modern digital insurance capabilities alongside Shin Kong Vietnam Co., Ltd. (Shin Kong Vietnam) and their robust local distribution channels and operational expertise, hence, creating a pioneering hybrid insurance ecosystem. The collaboration began with AIFT’s involvement with the FinTech Space Taiwan, an initiative supported by the Taiwan Financial Regulatory Commission. Under the mentorship of Chairman Mark Wei, both parties have developed a strategic collaboration in entering Vietnam’s digital insurance space, initially targeting Taiwanese enterprises & individuals, with the aspiration to also meet the insurance needs of local Vietnamese and broader Southeast Asia in later phases. AIFT brings its cutting-edge digital insurance SaaS system, IXT, to the partnership. Featuring a modular architecture, open integration, and automated rule engine, IXT is designed to swiftly adapt to local market requirements by building insurance workflows, enhancing policy admin efficiency and customer experiences. The synergy between IXT’s digital-first functionalities and Shin Kong Vietnam’s market acumen will bring the vision of a seamless O2O (online-to-offline) digital insurance service model to life....

In the fast-paced world of insurance, customer expectations are evolving rapidly. They’re looking for insurance products that are not only efficient but also simple to understand and use. ‘Yes, Sure’ by DB Inc., is a cloud-based scalable platform designed specifically for microinsurance. This innovative solution has recently made its debut in the Korean market, with a clear mission to empower small-amount and short-term insurers (SSI). Addressing Korea Industry Challenges with IXT As insurers grapple with the complexities of digital transformation, regulation change and the need for rapid innovation in Korea, ‘Yes, Sure’, developed by DB Inc., has stepped up to the plate. By implementing IXT’s modern insurance core solution, ‘Yes, Sure’ offers a comprehensive answer to these pressing industry needs. Strategic Partnership: OneDegree Global and DB Inc. The launch of ‘Yes, Sure’ is the result of a strategic partnership formed in 2023 between OneDegree Global and DB Inc., a leading technology solution provider in the Korean insurance market. This collaboration has positioned DB Inc. as the Korean reseller and localization partner for IXT solution, ensuring that SSI and ecosystem partners can harness IXT’s digital insurance capabilities while adhering to local laws, regulations, and market preferences. Yes, Sure: A Game-Changer for Microinsurance ‘Yes, Sure’ by DB Inc. is more than just a platform – it’s a cloud-based insurance service that charges fees according to usage and grows along with customer scale. This innovative approach allows SSI companies to enter the insurance business with minimal initial setup costs. The platform provides access...

Ian Lim, Chief Executive Officer of Lexasure (Left) and Michelle Ip, CEO of OneDegree Global (Right) announced the launch of the cyber insurance solution in the ITC Asia conference in Singapore Reinsurance-as-a-Service for Cyber Insurance The strategic partnership between Lexasure and OneDegree Global combines cyber risk assessment strengths and technologies to provide a Reinsurance-as-a-Service (“RAAS”) solution for cyber insurance – a platform that allows insurers and its distribution channels to deliver a 100% digital, seamless customer experience from onboarding, risk profiling, straight-through underwriting, to policy issuance.   Revolutionizing Cyber Risk Management and Insurance for SMEs With an advanced cyber risk exposure scanning solution integrated into the underwriting process, the platform greatly enhances technology risk assessment by generating a prospect’s real-time security posture score within a minute. This modern approach offers a fuss-free onboarding experience with instant policy issuance under 10 minutes for eligible small—to medium-sized enterprises. “With increased digitization, Asian businesses are increasingly vulnerable to cyberattacks and ransomware. These attacks can cause devastating financial losses and irreversible brand damage – highlighting the critical need for cyber insurance,” said Ian Lim, Chief Executive Officer of Lexasure. “The real-time risk assessment in such a complex field and near-instant policy issuance for eligible companies is a significant advantage and is optimized for the needs of small and medium enterprises and industries. By combining OneDegree Global’s assessment solutions with our platform’s ongoing innovations for digital reinsurance, the RAAS platform delivers a scalable and cost-effective way to manage risk without investing in their own reinsurance infrastructure.” The...

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...

Ouch! has emerged as Malaysia's first digital Takaful operator in Bank Negara Malaysia’s Regulatory Sandbox that ultimately aims to make takaful insurance more accessible for all Malaysians.

OneDegree Group made two key appointments on 1 January 2024 highlighting the group’s ambitions following its successful Series B funding which closed in 2023. Michelle Ip has been appointed CEO of OneDegree Global, the group’s technology arm, and Robin Scott has been named General Manager of OneDegree Middle East, the newly established division facilitating the Group’s strategic expansion into the Middle East market.

Insurlog, the leading provider of last-mile delivery insurance and services for e-commerce businesses in Vietnam, today announced a strategic partnership with IXT, the insurtech arm of OneDegree Global, that offers modern insurance core solutions for insurers, brokers/MGAs, and e-commerce businesses.

OneDegree Global and Eazy Digital unite in a game-changing strategic partnership to revolutionize Asia's insurance industry.

OneDegree Group announced that it has closed additional funding, taking its Series B round to US$55 million.

OneDegree Global integrates Azure OpenAI Service into its IXT insurtech and Cymetrics cybersecurity solutions, revolutionizing the insurance industry.

IXT and Baokim signed a comprehensive cooperation contract to begin a digital and commercial technology collaboration.

Recent research has revealed significant potential for the financial market in Vietnam to ride the waves of growing consumer demand online.

Get a glimpse of Taiwan’s insurance consumer profile and online purchasing behavior trends to support your product innovation strategy.

Research found significant potential for the Malaysian market to ride the waves of growing consumer demand online.

IXT's recent consumer research report shows more than half of the respondents in Hong Kong would buy insurance online.

IDC Future Enterprise Awards seek out disruptive, leading-edge organizations that have successfully drove digital innovation and transformation in the Asia Pacific region.   IXT was recognized as Best in Future of Digital Innovation for Hong Kong in this year’s IDC Future Enterprise Awards. IDC’s Future Enterprise Awards recognizes outstanding organizations that have made critical breakthroughs in digital transformation and technology innovations across the Asia Pacific region.  IXT, the insurtech, was selected among over 1,000 high-quality entries received from end-user organizations across Asia Pacific. This initial win at country-level by IXT allowed it to qualify as one of IDC’s finalists for the regional awards. IXT will be benchmarked against other winners in the same category to ultimately determine the region’s best of the best.  “IXT has shown that with the right culture, skills and capabilities, it can transform an industry with digital innovation and ecosystem participation.  Well done to the winners of the IDC award for The Future of Digital Innovation in Hong Kong.” Said Linus Lai, Vice President, Software and Services, at IDC Asia/Pacific. “We are extremely honored for winning the Best in Future of Digital Innovation in IDC’s Future Enterprise Awards for Hong Kong” says Alex Leung, Co-Founder at IXT. “IXT not only enables our digital insurance business operation but also empowers other insurance companies to innovate and grow. We look forward to driving new digital innovations in the insurance industry.” Read the full article here. Why IXT IXT is an InsurTech company, founded in 2020 and built by...

IXT’s ISO 27001 and ISO 27017 certifications underscore our focus and commitment to best practices and highest security standards.

The award marks the success and value that IXT has delivered for insurance businesses in the region.

The new IXT identity concept illustrates the warmth that insurance brings to society and the innovative power that technology carries through the (I) meets (x) Technology (T) expression and representation. The brand design is centered on the “x,” which symbolizes integration as well as the coming together of two ideas, and embodies reorganization, fluidity, and fusion. The visual logo is shaped with curved edges to form the letters I & T, while X is represented by the negative space between the two letters. This visual imbalance creates a sense of fluidity and expresses 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. However, it can also be a pivot, spinning us away from existing notions of the insurance industry towards the endless new possibilities that IXT can unlock. Color wise, we chose bright, vibrant shades of blue and green to not only make the logo stand out visually, but also echo our brand’s personality – innovative, dynamic, and young, defying the traditional insurance mindset. The dark blue and gray, on the other hand, convey our reliability and in-depth industry knowledge. Digital transformation can be complex, multi-dimensional, and subject to uncertainties. But IXT, as an insurtech, aims to empower insurers to break free from the boundaries and limitations long present in the insurance industry by leveraging modern technology innovations and extensive industry expertise. To learn more, visit theIXT.com and follow us on LinkedIn

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.

We are honored to have been selected as one of Oxbow Partners’ InsurTech Impact 25 companies for 2021.

Taiwanese insurer The First Insurance Co., Ltd. (“First Insurance”) has chosen IXT, a modern core insurance platform by OneDegree Global, to drive digital transformation at the leading 60-year-old insurance company in order to help boost its technical capabilities and to meet its evolving customer expectations with new technologies.

Cigna Taiwan Life Assurance Company Ltd. (“Cigna Taiwan”) has selected InsurTech firm OneDegree Global as its digital insurance core system provider. OneDegree Global’s IXT solutions will enable the leading insurer to better meet a growing demand for digital user journeys as well as to bring new products to market faster.