Hongkongers are buying more pet coverage, propelling insurer OneDegree to a profit

Quick Summary:

The company said 64 per cent of its insurees are cats; the rest are dogs, save for a few birds.

About 75 per cent of owners are buying insurance for only one animal, though one client is shelling out to cover 11 pets.

OneDegree said its average monthly revenue from pet insurance rose 37 per cent this year from a year earlier, and is 18 times greater than it was in 2020, its first year of operation.

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong Kong

Topics: Dogs Owners Year Cent Years Hong Onedegree Cats Pets Profit Medical

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-02 @ 08:30:09 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 191 words

Reading Time: 2 minutes read

Sentences: 5 lines

Sentence Length: 39 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22843845

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Official Website: scmp.com

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Year Established: 1903

Headquarters: Hong Kong

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