chin Kong based insurtech OneDegree has raised $ 25.5 m in a series A funding round to launch its digital pet insurance platform . The insurance will be offered purely online and will encompass general insurance products focusing on medical cover . OneDegree hopes to cover half a million cats and dogs ; with only 3 percent of cats and dogs currently insured in Hong Kong there is potential for growth . The firm will wait for regulatory approval before offering digital pet insurance .
Hong Kong based insurtech OneDegree has secured $25.5m in a series A funding round to launch its digital pet insurance platform. The insurance will be offered purely online and will encompass general insurance products focusing on medical cover. OneDegree hopes to insure half a million cats and dogs; with only 3% of cats and dogs currently insured in Hong Kong there is potential for growth. The firm must wait for regulatory approval before offering digital pet insurance.