IXT

Technology enablers for modern insurance platforms across Asia-Pacific

Core Administration Growth Series B

Overview

IXT is a core insurance platform for insurers, intermediaries, and digital platforms operating in the Asia-Pacific region. The company is the insurtech arm of AIFT (formerly OneDegree Global) and serves carriers, brokers, MGAs, and e-commerce businesses seeking to launch and manage insurance products digitally.

The platform delivers a modular, cloud-based core insurance system combining policy lifecycle management, product configuration, claims processing, and partner distribution tools. A low-code configuration environment and an open API ecosystem with over 300 integrations allow clients to deploy new insurance products in weeks rather than months.

IXT has deployed its platform across multiple APAC markets, including Malaysia, Taiwan, Hong Kong, Vietnam, and South Korea. Notable deployments include the first digital takaful operator in Malaysia (Ouch!), a commercial insurance digitization rollout for Richmond Insurance Brokers in Taiwan, and a cloud-based microinsurance platform for DB Inc. in South Korea. The parent company has raised over USD 97 million in total funding, including a USD 55 million Series B in June 2023 led by Gobi Partners, BitRock Capital, and Sun Hung Kai.

Products & Services

Core Insurance System

A modular platform covering the full insurance product lifecycle, from product design through policy management and claims settlement.

Key Features

Product Module for rapid embedded insurance product launches via low-code configuration
Policy Module for end-to-end policy lifecycle management
Member Module for customer engagement and relationship management
Campaign Module for marketing operations and performance tracking
Claims Solution for full claims processing and settlement
Partner/Distribution Solution for intermediary and partner management

Target Users: Carriers, MGAs, brokers, and digital platforms in the APAC region

Launchpad

A rapid product deployment environment enabling insurers to bring new insurance products to market within weeks.

Key Features

Accelerated go-to-market timelines
Pre-built product templates and workflows
Integration with the core insurance system modules

Target Users: Insurers and digital platforms launching new product lines

Open API Ecosystem

An integration layer providing connectivity to over 300 insurance-related APIs and external systems.

Key Features

300+ insurance API integrations
Automated rule engines and workflow automation
Low-code configuration for enterprise system integration
Microservices architecture for flexible deployment

Target Users: Technical teams at carriers, brokers, and digital platforms

At a Glance

Founded: 2020
Headquarters: Singapore, SG
Employees: 51-200
Funding: Series B

Category & Focus

Category: Core Administration
Subcategories: Policy Administration Claims Management Embedded Insurance API Platform
Insurance Verticals: Life & Annuity P&C Personal P&C Commercial Specialty/E&S
Target Customers: Carriers, Brokers, MGAs/MGUs

Customers

Ouch! (Malaysia) -- first digital takaful operator, accelerated time-to-market
Richmond Insurance Brokers (Taiwan) -- commercial insurance digitization
OneDegree Hong Kong -- achieved 50x monthly sales growth post-deployment
DB Inc. (South Korea) -- launched "Yes, Sure" cloud-based microinsurance platform
PVI Insurance (Vietnam)
Shin Kong Vietnam -- CTPL insurance platform
First Insurance -- digital transformation initiative
Insurlog (Vietnam) -- logistics insurance products