Published: 7:01am, 10 Sep, 2018 Updated: 7:01am, 10 Sep, 2018
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 7:01am 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.