Need home, medical, pet, or even crypto insurance? It’s now easier than ever to get insured with OneDegree Group! Founded in 2016, this Hong Kong-based insurtech uses AI to make the whole insurance process more affordable and accessible. And they recently secured $55M in a Series B round!

Investor check. This round was led by Gobi Partners, BitRock Capital, and Sun Hung Kai & Co. Limited.

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🤖 AI meets insurance

By integrating AI into their software, OneDegree improves customer interaction and cybersecurity management. Some of their offerings?

• Digital asset insurance. OneDegree's offshoot, OneInfinity, is the first in Asia to insure cryptocurrencies! And it's not just talk — they've already protected dozens of virtual asset exchanges, custodians and asset managers in just over a year.

• D2C insurance. They provide home, medical, fire and pet insurance. Their pet insurance even covers birds and turtles!

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🌡️ Taking it a degree higher?

But wait, there's more! They also formed a partnership to use Microsoft's OpenAI service to automate chats and cybersecurity. With the help of data analytics that detect fraud, they’ve cut their loss ratio by 40%!

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💼  Taking care of business

OneDegree is on a hot streak: they claim revenues have quadrupled in only two years.

• They've seen strong growth in direct-to-consumer products, and they're on track to turn a profit by 2024!

With the new $$$, they’re keen to expand across Asia and beyond. Plus, they’ll be expanding their product offerings, growing their digital assets insurance business, and pushing market penetration for their D2C insurance products.