OneDegree Global has announced the strategic partnership with Microsoft Hong Kong, and says the collaboration aims to advance insurtech and cybersecurity solutions. The collaboration will involve the integration of Azure OpenAI Service into OneDegree’s IXT insurtech and Cymetrics cybersecurity offerings.
The partnership represents a significant milestone for both companies, with OneDegree unveiling its latest generative AI features, IXT Seeble and Cymetrics Copilot, at the recent InsureTech Connect Asia 2023 conference.
IXT Seeble is an insurtech solution that simplifies complex tasks for insurers. It enables users to input prompts in plain language, eliminating the need for developers to write code for critical tasks such as pricing, underwriting, and claims rule configuration. The AI technology within IXT Seeble autonomously generates precise code for specific rules, reducing reliance on IT resources.
Cymetrics Copilot is powered by ChatGPT
Cymetrics Copilot, powered by GPT (Generative Pre-trained Transformer) technology, serves as OneDegree’s cybersecurity assistant. It addresses ongoing challenges faced by organisations in safeguarding their digital assets. Leveraging AI capabilities, Cymetrics Copilot provides personalised remediation suggestions, prioritised recommendations, and instant answers, reducing cybersecurity issue resolution time by up to 50%.
Kelvin Tse, Head of Global Partner Solutions at Microsoft Hong Kong, expressed excitement about the partnership, stating, “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 capabilities. Through our collaboration, we will continue to empower OneDegree Global to innovate and take a leading role in the insurtech industry.”
Alex Leung, Co-founder of OneDegree, also expressed enthusiasm about the partnership, highlighting the potential to unlock the full potential of artificial intelligence and deliver significant value to clients. The collaboration aims to shape the future of insurtech and cybersecurity.
The partnership between OneDegree Global and Microsoft Hong Kong represents a significant step towards advancing innovation in the insurtech industry, leveraging the power of AI and cloud technologies to drive enhanced solutions and product development.
Source: Fintech Global
