If you cannot view the content , please click here.
OneDegree announced multi-year partnership with Munich Re to launch digital asset insurance
⋯⋯⋯⋯
Cyberport start-up OneDegree Hong Kong Limited (“OneDegree”) entered into a three-year strategic partnership with Munich Re to launch OneInfinity, a digital asset insurance product, making OneDegree the first licensed insurer in Asia to collaborate with a global leading reinsurer in offering digital asset insurance.
Under this partnership, Munich Re will provide reinsurance capacity and support OneDegree’s technical underwriting. The partners also commit to building modeling capabilities based on OneDegree’s unique CeFi and DeFi incident database to support future product innovation.
OneInfinity is an insurance and technology product offering designed specifically for digital asset trading platforms, custodians, asset managers and technology providers. It bundles OneDegree insurance with Cymetrics’ solutions (offered by a sister company of OneDegree) that helps companies examine cyber, blockchain and digital asset risks from the perspective of hackers and insiders in a more agile and flexible way.
Authorized by the Hong Kong Insurance Authority as a virtual insurer since April 2020, OneDegree has quickly established itself as the leading virtual insurer in the Hong Kong market by number of paid users. Its tech DNA gives it a competitive advantage in the digital asset space because it can combine strong underwriting expertise with sophisticated data analytics and technical know-how.
Rated A+ by A.M. Best and Aa3 by Moody’s, Munich Re is one of the world leading reinsurers, which co-founded the Blockchain Insurance Industry Initiative and recently started a project to seize the business potential of the strongly growing digital asset market.
Alvin Kwock, Co-Founder of OneDegree, said, “Regulated insurance coverage is a strong signaling effect that supports trust and credibility of the insured entities. OneDegree is privileged to be Asia’s first insurer to contribute to the secure and compliant development of Web3.”
|
|
Event
|
|
Cyberport – Your Springboard to Success
Insight
|
|
Cyberport Enterprise Network success story: Descamps Technology X Haven of Hope
|
|
Cyberport welcomes Simon Chan as new Chairman
Hex Trust raised US$88M Series B to scale digital asset custody business
PropCap raised US$1.5M Series Pre-A round funding to accelerate market expansion
OneDegree announced multi-year partnership with Munich Re to launch digital asset insurance
Cyberport start-ups innovate to brave the epidemic
GetLinks supports tech talent growth with first-in-Asia renumeration token
“Road to Asian Games” to select Hong Kong esports teams
Asiabots garnered silver medal at International Exhibition of Inventions of Geneva 2022
Cyclops AR joins reindustrialisation efforts with worker-centric training solution
Vootprint’s Tech Suite helps event organisers to generate insightful AI analytics
University students co-create ideas for a better society at OUTLIER 2022 challenge
If you do not wish to receive our monthly eNewsletter "CyberLink" in the future, please click here to unsubscribe.
如閣下不想再收到數碼港的月訊「CyberLink」，請按這裡取消訂閱。
Hong Kong Cyberport Management Company Ltd
香港數碼港管理有限公司
Level 6, Cyberport 2, 100 Cyberport Road, Hong Kong
香港數碼港道100號數碼港二座6樓
Tel 電話:: (852) 3166 3800 Fax 傳真: (852) 3166 3118 Email 電郵: enquiry@cyberport.hk
Disclaimer:
The information transmitted is intended only for the addressee(s) and may contain confidential and/or privileged materials. If you are not the intended recipient, you should not read, use or disseminate or otherwise divulge such information. If you have received this in error, please immediately notify the sender and delete this email from your system.