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, it 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. OneDegree is committed to reforming the traditional insurance industry through its fully digital insurance platform (onedegree.hk), actively developing diversified insurance products to provide customers with insurance and claims experiences that are more aligned with market needs and more efficient.

We firmly believe that the insurance industry must undergo reform. By leveraging technology to digitize insurance, we can make the processes of purchasing, managing, and claiming insurance simpler and more efficient, while also addressing the genuine needs of different users. Even vulnerable communities should enjoy the right and protection to purchase insurance. Our goal is to drive the digital development of the overall insurance industry to benefit the community.

Insurance Products

OneDegree provides innovative products and services that closely meet market needs. Currently, we offer a variety of insurance products, including:

  • Pet Insurance: The exclusive "Pet CEO Plan®" 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.

We excel at adapting to market needs, enabling us to launch brand-new insurance products and coverages in a short time. We can also effectively design tailored insurance solutions and processes for fast-paced industries such as e-commerce. We welcome inquiries about partnership opportunities

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, allowing pet owners to manage their pets' health and daily needs through OneDegree's one-stop platform.

Company Background

OneDegree is one of the key local innovation and technology companies nurtured by Cyberport, which provides us with strategic support. At the same time, OneDegree has received investments from internationally renowned venture capital funds and three international insurance companies, including Cathay Capital (a subsidiary of Cathay Financial Holding), Dubai Insurance Company, and Kyobo Life Insurance from Korea.

Together, OneDegree and AIFT are committed to delivering smarter, more efficient financial and insurance services through technological innovation, leading the industry into the future.

To learn more, please click here.

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. Following the groundbreaking signing of Asia's first venture debt financing agreement with HSBC in 2023, in 2024, AIFT successfully completed over USD$50 million in Series B financing, further solidifying its industry leadership position. 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, and detection solutions
  • IXT: Empowering insurers with modern insurtech solutions to drive business growth
  • Cymetric: Advanced cybersecurity assessments to identify risks, vulnerabilities, and measure control effectiveness
  • OneSavie: Web3 risk management consultancy with deep expertise in custody and risk monitoring

To learn more, please click here.