OneDegree Global collaborates with DB to launch Korea’s first cloud-based microinsurance platform

OneDegree Global collaborates with DB to launch Korea's first cloud-based microinsurance platform

OneDegree Global, a trailblazer in digital insurance solutions, and DB Inc., have come together to innovate in the rapidly evolving insurance industry.

This strategic partnership comes shortly after the launch of ‘Yes, Sure’, a platform designed to address the unique challenges of the Korean insurance market, particularly the need for streamlined, accessible, and cost-effective insurance options for small and short-term insurers.

OneDegree Global specialises in offering modern digital insurance platforms that are adaptable and scalable. DB Inc., known for its robust technology solutions in Korea, serves as the reseller and localisation partner, tailoring OneDegree’s IXT insurance core solution to meet the specific regulatory and market needs of Korea.

‘Yes, Sure’ enables microinsurance companies to start operations with minimal initial costs, providing a comprehensive suite of services that includes agent-free quotations, quick product launches, efficient policy management, and simplified claims processing.

This collaboration not only meets the current demands of the Korean market but sets a precedent for future innovations. By integrating advanced technology with local expertise, OneDegree Global and DB Inc. are paving the way for more accessible insurance solutions across Asia.

Michelle Ip, CEO of OneDegree Global, said, “Our evolving insurance landscape offers immense opportunities.

“At OneDegree Global, we have a grand vision of democratizing insurance access and sparking innovations with insurers & ecosystem partners in Asia markets, and by partnering with DB Inc., we are committed to cement OneDegree Global’s contribution in Korea.”

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