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InsightInsightOneDegree x justInCase published a new InsurTech Whitepaper OneDegree collaborated with justInCase to co-author a whitepaper that discusses digital transformation trends and barriers at insurance organizations. The insurance industry is evolving due to the shift in consumer demands, societal changes, and new technology. The whitepaper offers recommendations to how insurers may prepare for and respond to the future of insurance. To read full article, please access the whitepaper in English or Japanese.
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Press ReleasePress ReleaseOneDegree awarded “2021 Best in Future of Digital Innovation” by IDC IDC Future Enterprise Awards seek out disruptive, leading-edge organizations that have successfully drove digital transformation in the Asia Pacific region. OneDegree Global 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 across the Asia Pacific region. IXT by OneDegree was selected among over 1000 high-quality entries received from end-user organizations across Asia Pacific. This initial win at country-level by OneDegree Global allowed it to qualify as one of IDC’s finalists for the regional awards. OneDegree Global will be benchmarked against other winners in the same category to ultimately determine the region’s best of the best. “OneDegree 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 OneDegree Global. “IXT not only enables our digital operation but also empowers other insurers to innovate and grow. We look forward to driving new digital innovations in the industry.” To read the full article, please click on the link here.
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InsightInsightDeloitte x IXT jointly published a digitalization in insurance report Recently, we joined Deloitte to co-author a new report that explores the emerging consumer trends shaping the insurance industry in Hong Kong. Digital transformation in insurance is paramount to meet evolving customer expectations and enhance insurer operations. Please click here to access the full report.
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Press ReleasePress ReleaseOneDegree achieves ISO 27001 and ISO 27017 dual certifications As a provider of technology solutions to insurers, financial institutions and other leading enterprises, information security and customer trust are of the utmost importance. OneDegree Global’s ISO 27001 and ISO 27017 certifications underscore our focus and commitment to best practices and highest security standards. In addition to ISO 27001 that we have received last year, OneDegree Global is now certified for ISO 27017 which includes additional standards for the protection and security of information in cloud-based services. “As a technology provider in a highly regulated business, security, risk, and compliance are at the core of our business,” said Alex Leung, Co-Founder of OneDegree Global. “Achieving the ISO 27001 and ISO 27017 dual certification demonstrates our growing commitment to protect our customers’ information assets with rigorous international security standards.” Together with the ISO standards, OneDegree Global has adopted DevSecOps practice with security built into our DevOps process and applied vulnerability scanning solutions, developed by the Cymetrics team, during the software development lifecycle to deliver the highest level of security in our products while continuing to minor cyber threats and system integrity.
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Press ReleasePress ReleaseIXT wins “Core Insurance System of the Year” at Insurance Asia Awards 2021 IXT by OneDegree has been awarded the Core Insurance System of the Year in Hong Kong at Insurance Asia Awards 2021. This is a tremendous milestone, marking the success and value that IXT has delivered for insurers in the region since its launch one year ago. Insurance Asia Awards is an annual event honoring companies in Asia for outstanding achievements and innovative initiatives that bring value to customers and valuable contribution to the development of the insurance market. The Insurance Asia Awards jury is comprised of leading insurance industry experts from reputable, independent financial and auditing organizations including Milliman, Deloitte, PwC, and EY. “We are thrilled to be recognized for our core insurance solutions,” says Alex Leung, Co-Founder at OneDegree Global. “We are on a mission to build great products that empower innovations and create new value for our partners and clients.” Please read the full article at: https://insuranceasia.com/insurance/event-news-news/get-know-winners-6th-insurance-asia-awards
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Press ReleasePress ReleaseIntroducing 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
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InsightInsightOneDegree 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%)...
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Press ReleasePress ReleaseFirst Insurance chooses IXT, a modern core insurance platform by OneDegree Global, for powering its digital transformation 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.
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Press ReleasePress ReleaseCigna Taiwan selects IXT by OneDegree as its core system to empower growth in digital and affinity channels 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.
