Business Overview
About OneDegree
OneDegree Hong Kong Limited (OneDegree) is a wholly owned subsidiary of the internationally leading technology company AI Financial Technology Holding Company (AIFT). In April 2020, OneDegree was officially granted a virtual insurance license by the Insurance Authority, making it one of the first insurtech companies in Hong Kong to obtain such a license.
Dedicated to delivering a simpler, swifter, smarter and stellar insurance experience with advanced technology, OneDegree achieved its first full-year profitability in 2025, making it the first among Hong Kong’s four virtual insurers to turn a profit. Today, OneDegree offers a diverse range of insurance products to provide versatile protection for both individual consumers and corporate clients. Products include pet, personal health and home protection for individuals, alongside professional indemnity, D&O liability, digital asset insurance and cybersecurity service to businesses.
OneDegree has received investments from internationally renowned venture capital funds and international insurance companies; including Cathay Capital (a subsidiary of Cathay Financial Holding), Dubai Insurance Company and Kyobo Life Insurance from Korea.
To learn more about our public disclosure, please click here.
Insurance Products
OneDegree provides innovative products and services that closely meet market needs. Currently, we offer a variety of insurance products, including:
- Pet Insurance: Pet CEO Plan®, the exclusive CEO plan for pets in Hong Kong, and the only pet insurance in Hong Kong that covers turtles and birds.
- Home Protection: Home insurance, Home Appliances Warranty Insurance, and Fire insurance.
- Personal Health Insurance: Critical Illness insurance.
Other Services
OneDegree is currently the leading pet insurance brand in Hong Kong. We have also launched the "PawBook®" mobile app and the "OneDegree Pet Mart®" online shopping platform specially designed for pets, allowing pet owners to manage their pets' health and daily needs through OneDegree's one-stop platform.
- Download the "Pawbook®" mobile app
(The app is available on both iOS and Android platforms)
- OneDegree Pet Mart®
Partnership Opportunities
OneDegree is dedicated to building a holistic pet-centric ecosystem designed around the needs of pets and their families. With over 100 leading pet brands, vet clinics and pet-friendly restaurants, shopping malls and venues already part of our network, we foster meaningful connections through digital platforms, eCommerce and community events.
Within our ecosystem, we connect pet merchants directly with high-value pet owners while delivering exclusive deals and premium experiences to our members, enriching every aspect of the pet ownership journey. We invite partners to join us in unlocking limitless opportunities — together, we can elevate the pet family experience and promote a sustainable, pet-friendly community.
Connect with us to explore partnerships.
About AIFT
AIFT focuses on driving the development of the fintech industry through artificial intelligence and technological innovation, and has consistently received strong support from all sectors. By 2026, AIFT has raised over US$100 million capital in total, with supporters including top technology venture capitals, leading bank and insurers from multiple markets.
In addition to OneDegree's virtual insurance business, AIFT's other businesses include:
- OneInfinity: Digital asset insurance brand, making OneDegree the first in Asia and Middle East, second globally to offer these specialized classes of insurance.
- Vulcan: Generative AI protection with comprehensive risk assessment, red-teaming, guardrails and harness solutions. Its clients include top financial services firms, telecom operators, semiconductor/ AI companies, as well as sovereign AI models.
To learn more, please click here.
