Founded in 2016, OneDegree is an InsurTech company built with a mission to make insurance simpler, more transparent, and user-centric through technology. It was one of the first companies to be granted a virtual insurer license by the Hong Kong Insurance Authority, launching its direct-to-consumer products in 2020. The company operates two primary business lines: a B2C virtual insurance business in Hong Kong offering products like pet, fire, and critical illness insurance, and a B2B technology solutions arm under OneDegree Global, which provides its proprietary core insurance platform (IXT) to other insurance companies worldwide.