According to a report by RTHK, AIFT, the parent company of OneDegree with a virtual insurance license from the Hong Kong Insurance Authority, signed a partnership agreement with Saudi Arabia's insurance and reinsurance company Walaa. It is reported that the agreement will provide reinsurance funds for AIFT's global virtual insurance business and transfer technology for pet insurance in Hong Kong to start-ups in Saudi Arabia.

Co-founder of AIFT, Guo Yanlin, stated that they are actively considering opening an office in Saudi Arabia. Furthermore, following the Middle East market, the next target for market expansion will be the European market, focusing on developing digital security-related products.

Guo Yanlin revealed that he hopes to prepare the company for listing in 2 years, but the specific timing of the listing will depend on the market environment.

~