What We’re Up To

Virtual insurer OneDegree is celebrating its 4th anniversary having achieved multifaceted business growth following a successful Series B financing round in June 2023 that raised US$55 million. OneDegree retained its position as Hong Kong’s highest-grossing virtual insurer in 2023 with 59% year-over-year growth in gross written premiums to exceed HK$180 million. OneDegree has thus secured the top spot among Hong Kong’s four digital insurers for the second consecutive year.

In a survey commissioned by virtual insurer OneDegree and conducted by independent market research firm Ipsos, it has been revealed that owners with their pets insured may spend up to HK$680,000 to provide for a pet. Considering an average of 1.5 pets per owner whose pets are insured, the estimated expenditure for each pet owner amounts to approximately HK$1.02 million.