OneDegree Group, an industry-leading information security and insurance group, announced today (3rd) that it achieved its first operating profit in the third quarter of 2024, laying an important milestone for the group and its virtual insurance business branch. This operating profit emphasizes the value of the group’s product innovation and technological empowerment, leading the group to achieve strong business growth.
The first operating profit achieved this
time is mainly due to OneDegree Group’s two flagship products: digital asset insurance and pet insurance. Its products have gained a major market share. In addition, the group focuses on product innovation and technological automation, and strategically uses AI and other advanced technologies. Tools can achieve business scale growth and profitability while maintaining a stable number of employees.
Over the past four years, OneDegree Group has maintained a solid financial position and achieved outstanding profit performance across its products. With strong business performance, it has attracted more support from reinsurance partners, allowing the group to further improve profitability while reducing risk exposure.
Digital asset insurance business focus
OneDegree Group’s digital asset business
arm, OneInfinity, has continued to work closely with regulators in Asia, the Middle East and Europe over the past three years to establish consumer protection standards in various markets that focus on the development of digital assets. The Group’s insight into digital asset risk classification and bc data america risk avoidance has also been significantly improved. At the same time, customers’ custody assets, geographical expansion and transaction scale have also experienced substantial growth.
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Taking the Hong Kong market as an example, among the goal of neuromarketing the 13 digital asset trading platforms (VATP) that are licensed and deemed to be licensed under the supervision of the Securities and Futures Commission, 10 are customers of OneInfinity. The average contract material data protection limit per customer is as high as US$418 million, and the group has increased the relevant limit to US$1 billion through the support of reinsurance. In the Middle East market, OneInfinity has also acquired customers from international market backgrounds, forming a diversified, risky and geographically dispersed customer base.