OneDegree, a Hong Kong-based insurtech, recently announced its medical pet insurance. This launch comes just after the company received its virtual insurance license. Founded in 2016, OneDegree claims to be it is part of a new generation of insurers that are reimagining the industry with technology. It also considers itself the first TechInsurer authorized to operate as a virtual general insurer in Hong Kong.
OneDegree reported that coverage of medical costs related to COVID-19 is included in Pawfect Care plans. The company further explained:
“We understand many pet owners are worried about what the novel coronavirus means for their pets, and there is still a lot we don’t know about the virus. We want to emphasize that there have been only isolated cases of pets getting sick from the virus so far and no evidence to suggest they can act as carriers.”
While sharing more details about the insurance, OneDegree Co-Founder, Alvin Kwock, went on to add:
“We’re living in a stressful and challenging time right now, but it has shown us the importance of digital tools and services. Despite all the uncertainties, we’re confident that the 10x better experience we’re offering will help the pet insurance market double in size very quickly.”