OneDegree

Founded in 2016, OneDegree claims to be the first licensed digital insurer in Hong Kong that offers a fully digitized insurance process end-to-end. The startup provides a digital platform that aims to make insurance easy, accessible and transparent for everyone.

OneDegree (“The Group”) is a new generation of InsurTechs that is reimagining the industry with design and digital innovation. The Group’s mission is to set new standards for insurance that puts customers first.

OneDegree Hong Kong Limited ('OneDegree Hong Kong”), a subsidiary of the Group, is among the first batch of virtual insurers authorized by the Hong Kong Insurance Authority to provide insurance products purely through online channels. OneDegree Hong Kong prides itself on providing breakthrough innovations in products and services, with measurable benefits in the scale of 10x, powered by its digital platform.

OneDegree Global (SG) Pte. Ltd. (“OneDegree Global”) is a technology company that offers enterprise-grade insurance core system and cyber security solutions. OneDegree Global works with insurers and other industry leaders across Asia, enabling them to accelerate digital transformation and deliver brand-new customer journeys. The company is ISO 27001 certified.

Founded in 2016, OneDegree has raised more than US$30 million and is backed by renowned investors including BitRock Capital, Cyberport Macro Fund and Cathay Venture.

OneDegree launched its first product in April 2020, a line of medical plans for pets called Pawfect Care. The company plans to introduce other products, including cyber insurance and medical coverage for humans, all available completely online, over the next 12 months.

OneDegree raised a US$30 million Series A funding in 2019.