OneDegree Global, a technology startup in the insurtech and cybersecurity sectors, has entered into a strategic partnership with Microsoft Hong Kong.
The collaboration marks a major milestone between the two companies as OneDegree integrates Azure OpenAI Service into its IXT insurtech and Cymetrics cybersecurity solutions.
OneDegree recently unveiled its latest generative AI features, IXT Seeble and Cymetrics Copilot, at the InsureTech Connect Asia 2023 conference.
IXT Seeble is an insurtech offering that streamlines complex tasks for insurers. The offering allows users to input prompts in plain language, ultimately eliminating the need for developers to code critical tasks such as pricing, underwriting, and claims rule configuration.
At the same time, the AI technology autonomously generates precise code for specific rules, which also reduces IT resource dependency.
Additionally, Cymetrics Copilot, OneDegree’s GPT-powered cybersecurity assistant, is set to tackle the ongoing challenges that organisations are currently facing in regards to safeguarding their digital assets.
According to the firm, Cymetrics Copilot leverages AI capabilities to provide personalized remediation suggestions, prioritized recommendations, and instant answers, which therefore decreases cybersecurity issue resolution time by up to 50%.
“We are excited to partner with OneDegree Global and provide them with the power of Azure OpenAI Service to accelerate innovation in the insurtech industry,” said Kelvin Tse, Head of Global Partner Solutions, Microsoft Hong Kong.
“Our Azure platform offers enterprise-grade reliability, security and global availability to support OneDegree’s new applications and innovations, while Azure OpenAI delivers powerful generative AI including coding and natural language processing capabilities. Through our collaboration, we will continue to empower OneDegree Global to innovate and take a leading role in the insurtech industry.”
“We are thrilled to partner with Microsoft and integrate Azure OpenAI Service into our IXT and Cymetrics solutions,” added Alex Leung, Co-founder of OneDegree.
“This strategic partnership allows us to unlock the full potential of artificial intelligence, delivering unparalleled value to our clients and accelerating product innovations. Together, we are shaping the future of insurtech and cybersecurity.”