OneDegree has announced the promotion of Michelle Ip to CEO of OneDegree Global, the group’s technology arm, effective 1 January 2024. Robin Scott has concurrently been appointed as General Manager of OneDegree Middle East, supporting the group’s expansion strategy.
The moves follow the insurtech’s successful Series B funding round completed in 2023.
Ip, with a strong background in insurance and insurtech across ASEAN and East Asia, steps up from her role as Chief Commercial Officer. Under her leadership, IXT expanded into South Korea, Vietnam, Malaysia, and Cambodia.
She also has industry experience from her time at Manulife and as a founder of her fintech start-up, Sugar AI and in her new role, Ip will oversee the global operations of IXT insurance solutions and Cymetrics cybersecurity services.
Alex LeungCo-founder of OneDegree Group
Alex Leung, co-founder of OneDegree Group, expressed confidence in Ip’s capabilities, commenting, “Michelle’s dedication, strategic approach, and unwavering commitment to our mission have been pivotal. Her deep understanding of our technology business and culture uniquely positions her to lead us into a future of success.”
He added, “As we take on ambitious 2024 targets, we’re not just aiming to meet them – we’re gearing up to surpass them under Michelle’s leadership.”
Scott’s appointment as General Manager of OneDegree Middle East comes as the group forges growth in the region. In December, the group announced it had received an undisclosed investment and partnered with Dubai Insurance to expand its digital asset insurance offering locally. OneDegree said the partnership would initially focus on professional indemnity and directors & officers insurance, but that it is working with Dubai Insurance to seek regulatory approval for more products, with custodial wallet insurance a key focus.