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Cryptocurrencies

From cats to crypto, Hong Kong's first virtual insurer eyes growth in niches

OneDegree CEO says customer quality is key in managing risks

OneDegree CEO and co-founder Alvin Kwock is looking to take his digital insurer far beyond Hong Kong. (Photo by Pak Yiu)
PAK YIU, Nikkei staff writer | Hong Kong

HONG KONG -- When Alvin Kwock came across cryptocurrency in 2016, as the price of BitCoin was beginning to edge toward $1,000, the CEO of Hong Kong online insurer OneDegree said he was immediately skeptical.

"Honestly speaking, it came across as a complete con," Kwock recalled. "I didn't dare touch it."

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