Resource - IXT by OneDegree

Insight

Deloitte 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.

Press Release

OneDegree 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.

Press Release

IXT 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

Press Release

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

Insight

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%)...

Press Release

OneDegree is one of the Top-25 InsurTechs in Asia 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.

Press Release

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.

Press Release

First 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.

Insight

Asia InsurTech podcast | The Best Way to Manage Disruption Is to Be Part of That Disruption In this episode, Michael Waitze talks to Alex Leung, a co-founder of Hong Kong-based InsurTech OneDegree.

Insight

Asia Insurance Review | Relaxing the rules around InsurTech InsurTech development across Asia Pacific is uneven, with some markets proving to have more fertile ground than others. Taiwan has proved to be a tougher market for InsurTechs to crack than its high-tech pedigree would have suggested.

Press Release

Cigna 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.