Nationwide is shedding about 100,000 pet policies, saying it needed to change underwriting and plan availability in some states to ensure a “financially sustainable future” for its pet insurance book.
Tag: pet insurance
Chubb to Acquire Healthy Paws, a Leading Pet Insurance Provider
Chubb today announced a definitive agreement to acquire Healthy Paws, a U.S.-based managing general agent (MGA) specializing in pet insurance, from Aon plc, a leading global professional services firm
Lemonade Goes Abroad to the UK
Lemonade, an insurance company powered by artificial intelligence and social impact, has launched in the United Kingdom. Residents in the United Kingdom can now obtain Lemonade Contents insurance instantly, from anywhere, on any device, and file claims and receive payment in seconds. “We believe the millions of local renters will appreciate what Lemonade has to… Continue reading Lemonade Goes Abroad to the UK
AXIS Insurance Enters Pet Insurance Market with Petplan
AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited, today announced it has entered the pet insurance market via its Accident and Health unit through a strategic relationship with Managing General Underwriter Petplan. AXIS Insurance will provide underwriting capacity for comprehensive pet insurance policies for dogs and cats in the U.S. and… Continue reading AXIS Insurance Enters Pet Insurance Market with Petplan
Insurtech Waffle Closes $5M Seed Funding Round
Waffle, a New York based insurtech startup, raised $5m in seed funding. The round was led by Verve Ventures, with participation from BetterLabs Ventures and Techstars. The company plans to use the funds to continue to expand operations and its business reach. Led by Quentin Coolen, CEO & Co-Founder, Waffle is a consumer platform which… Continue reading Insurtech Waffle Closes $5M Seed Funding Round
Crum & Forster Pet Insurance Group™ and Waffle Join Forces
It’s not easy for a pet parent to refuse the treatment their dog or cat needs because of cost. Pet insurance makes it easier to say yes to recommended treatments. To provide pet parents with customizable and high-quality coverage, Waffle and Crum & Forster Pet Insurance Group™, through its licensed agency, are joining forces to… Continue reading Crum & Forster Pet Insurance Group™ and Waffle Join Forces
U.S. Regulators Inch toward Setting Pet Insurance Standards
U.S. insurance regulators are close to creating a legal standard for pet insurance that would address long-standing consumer complaints that insurers rarely pay up when their furry friends are not well. A National Association of Insurance Commissioners (NAIC) committee is scheduled to meet on Friday to discuss fine-print provisions about several controversial issues. Among them:… Continue reading U.S. Regulators Inch toward Setting Pet Insurance Standards
The Dodo, Group Nine’s Animal Brand, Is Getting Into Pet Insurance
The Dodo, the animal-centric video brand of Group Nine Media Inc., has built an audience of more than 90 million followers across social media platforms. Now it is getting into pet insurance. Group Nine, itself backed by Discovery Inc., has taken a minority stake in Petplan, a pet insurer headquartered in New York that was… Continue reading The Dodo, Group Nine’s Animal Brand, Is Getting Into Pet Insurance
InsurTech Lemonade Adds Pet Health Insurance to Its Offering
Lemonade, the insurance company powered by artificial intelligence and behavioral economics, today launched pet health insurance. Now, pet parents in 33 US states can get AI-powered, socially impactful coverage for their four-legged family members. The new insurance product, designed exclusively for cats and dogs, joins Lemonade’s #1-rated homeowners and renters products: a hassle-free digital experience… Continue reading InsurTech Lemonade Adds Pet Health Insurance to Its Offering
Lemonade is Capitalizing on the Burgeoning Pet Insurance Market in the U.S.
US-based insurtech unicorn Lemonade is set to add pet insurance to its existing offering of homeowners and renters insurance, according to TechCrunch. Lemonade is currently going through the regulatory process to be able to offer the new policy, and its CEO Daniel Schreiber told TechCrunch that it could take months before the product launches. While… Continue reading Lemonade is Capitalizing on the Burgeoning Pet Insurance Market in the U.S.