OneDegree Global Empowers Korea’s First Cloud-Based Insurance Platform Service ‘Yes, Sure’ with Modern IXT Insurance Core Solution

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 Singapore’s OneDegree Global and DB Inc., a leading technology solution provider in the Korean insurance market. 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 to a wide range of essential insurance services, including:

• Streamlined, agent-free quotation and application processes
• Efficient insurance product launch
• Seamless policy administration
• Simplified claim applications

Collaborative Success and Growth “Our evolving insurance landscape offers immense opportunities,” Michelle Ip, CEO of OneDegree Global commemorated on the collaboration. “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.” As the insurance landscape continues to evolve, platforms like 'Yes, Sure' are poised to play a crucial role in democratizing access to insurance services and fostering innovation not just for SSIs, but can also inspire medium and large-size insurance companies to leverage new, modern insurance core stack as a second insurance core system to power digital growth.