First Insurance chooses IXT by OneDegree Global to power 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.
Under the multi-phase collaboration, First Insurance will adopt a full range of OneDegree Global’s core insurance technology solutions – from product configuration to claims management – with the objective of replacing its legacy processes.
Powered by IXT’s APIs and modern technologies, the platform will enable the insurer to integrate new services and data from its ecosystem partners to create more value for its customers. First Insurance will be able to expand its customer base through improved user experiences, break into new markets, and achieve cost savings through greater operational efficiency.
Edward Lee, Vice President of First Insurance, said: “The transformation of our business operations is in line with our commitment to offer a modern insurance experience for our customers and distribution partners. We selected OneDegree Global to be our partner in this digital transformation journey not only because of their proven core insurance solutions, but also because of their team’s experience and dedication in helping clients unlock their potential.”
Alex Leung, Co-Founder of OneDegree Global, said: “This partnership with First Insurance is our first full stack collaboration in Taiwan. We’ve been very impressed with how forward-thinking and determined their management team has been in pushing digital transformation from the core. We truly appreciate their trust in our technology and capabilities, and we’re excited to work alongside their team to achieve their goals.”
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About OneDegree Global
OneDegree Global is an insurance technology company with presence in Singapore, Taipei and Hong Kong. We are ISO 27001 certified.
Founded out of frustration over the slow, inflexible and costly legacy insurance systems that plagued the industry, we’re set out on a mission to build technology and solutions that help insurers innovate and grow at speed and scale for the future of insurance. Our IXT solutions have been recognized with numerous awards from leading organizations that include Deloitte, KPMG, Hong Kong ICT, and Institute of Financial Technologists of Asia.
We partner with forward-thinking insurance enterprises across Asia. We are an international team of experienced technology practitioners and insurance subject matter experts that are passionate about client delivery. Our senior consultants, designers and developers work closely alongside our partners to deliver each project. For more information, please visit: www.theixt.com