Insurtech company OneDegree Group has announced its own rebranding.

OneDegree Group has rebranded to AIFT, according to a statement. The new name reflects the group’s vision to «Secure the Future» which will be increasingly shaped by artificial intelligence. It also reflects the firm’s original name, AI Financial Technology, when it was founded in 2016.

«We are thrilled to unveil our AIFT branding, which cements our confidence in and commitment to mega trends such as AI and Web3,» said AIFT co-founder and CEO Alvin Kwock. «With the team’s relentless focus and creativity, we are seeing fruition in innovative products and strong partnerships. We are excited to take the next step of our journey together under the AIFT brand.»

There are several businesses under AIFT including cyber risk solution provider Cymetrics; insurtech solution provider MAMORI.AI; virtual insurer OneDegree; digital asset insurer OneDegree, which has a dominant market share in pet insurance; and Web3 risk management consultancy OneSavie.