October 17, 2024 – DB Inc., South Korea’s top three information companies, and OneDegree Global jointly launched the ‘Yes, Sure’ cloud platform to empower South Korea’s virtual insurance companies (SSI) to develop innovative micro-insurance products. This cooperation mainly addresses the challenges brought about by the rapid changes in consumer shopping and usage habits due to the popularity of online shopping and social platforms. It also promotes innovation in the insurance industry, allowing insurance products to reach the public in a simpler and easier-to-understand way, and assisting all parties. Insurance companies maintain a competitive edge.
As the global insurance digitalization
wave sweeps across the world, changes in insurance regulations in various countries and changes in consumer usage habits are two driving forces that cannot be underestimated. Behind the ‘Yes, Sure’ cloud platform is the IXT modern insurance core system developed by OneDegree Global, which provides flexible product setting, iteration, and convenient policy and claims management functions, allowing the ‘Yes, Sure’ platform to flexibly Respond to financial regulatory authorities and meet market needs.
Since the strategic alliance between
DB Inc and OneDegree Global in 2023, DB Inc. has become vnpay database the local distribution. Partner of the IXT insurance core system in South Korea. Further promoting the localization of the platform’s services and not only enhancing the competition of virtual insurance companies (SSI) in South Korea It also strengthens their ability to deal with local regulations and helps promote the integration of digital transformation in the Korean insurance market.
‘Yes, Sure’ is not only an insurance digital
platform, it is also based on cloud. Technology and this is where the solution of data governance adopts a pay-per-use model, allowing South. Korea’s virtual insurance company (SSI) to be more flexible and faster with. The lowest IT cost. launch micro-insurance products. The ‘Yes, Sure’ platform automates the insurance quotation and application process, eliminating the need for. Manual intervention to powder data complete the insurance application. The comprehensive policy management system and simple. Claims application system further improve the operating efficiency of insurance companies and reduce the risk of human input errors.