OneDegree is a Hong Kong-based InsurTech company founded in 2016. It operates as one of the first licensed digital insurers in the region, specializing in non-life insurance products delivered through its digital platform. Headquartered in Kwun Tong, the company employs around 200 people and has raised approximately $85-100 million in funding from various investors, including HSBC and BitRock Capital.
The company aims to simplify the insurance experience by using technology to reduce jargon and streamline claims processes. OneDegree offers a variety of digital non-life insurance products, including pet insurance, home insurance, and critical illness insurance. Its pet insurance features unique offerings like COVID-19 related coverage and includes the Pawbook app for members. Additionally, OneDegree provides enterprise solutions, including cyber insurance and digital asset insurance, and has established partnerships with global reinsurers and local businesses to enhance its services.