MetLife Inc. said Thursday it purchased pet insurance company PetFirst Healthcare LLC, expanding into a growing industry as it aims to widen offerings and boost sales. The purchase of Indiana-based PetFirst, for an undisclosed sum, is the latest sign of life insurers’ efforts to rev up revenue amid sluggish sales of individual life-insurance policies. Pet… Continue reading MetLife Expands into Fast-Growing Sector: Pet Insurance
Tag: pet insurance
Marsh Launches Next-Gen Pet Insurance Program
Marsh, the world’s leading insurance broker and risk adviser, in collaboration with Zurich North America, announces the launch of TrustedPals, a next generation pet insurance program for the more than 183 million cats and dogs in the United States. TrustedPals offers comprehensive pet insurance with flexible co-payments, limits, and deductibles to meet different budgets. Backed… Continue reading Marsh Launches Next-Gen Pet Insurance Program
Dog Bite Claims Dropped In 2018, State Farm Reports
Owning a pet is a big responsibility. Dog owners are responsible not only for the health and safety of their pet, but also protecting people from injury. Most dogs will never bite but it is important to remember that any dog, regardless of breed or type, can bite under certain circumstances. Over the last year,… Continue reading Dog Bite Claims Dropped In 2018, State Farm Reports
NSM Insurance Group Acquires Embrace Pet Insurance
Conshohocken-based NSM Insurance Group has acquired Cleveland-based Embrace Pet Insurance. Embrace is a nationwide provider of pet health insurance for dogs and cats. Geof McKernan, CEO of NSM, said, “We are excited to continue our expansion in North America with Embrace. Embrace provides us with a strong platform to accelerate our growth in the pet… Continue reading NSM Insurance Group Acquires Embrace Pet Insurance
Pet Insurance Is the Latest Perk for Companies Courting Millennials
It used to be that one of the best ways to win over employees was through their stomachs. Now it’s their pets. More startups, which are trying to hire in-demand talent in a hurry, are adding pet insurance to an ever-growing menu of perks that includes catered lunches, unlimited vacation and discounts on gym memberships,… Continue reading Pet Insurance Is the Latest Perk for Companies Courting Millennials
Waggel Launches ‘Fully Digital’ Pet Insurance in the U.K.
Waggel, a new “insurtech” startup in the U.K., is officially launching today to offer what it describes as “fully digital” pet insurance. Founded by Andrew Leal and Ross Fretten (a contestant of The Apprentice 2017), the company wants to offer more transparent coverage for your pet, where you’ll know exactly how much you’re paying and… Continue reading Waggel Launches ‘Fully Digital’ Pet Insurance in the U.K.
Annual Premiums for Pet Insurance Last Year Totaled $1 Billion as Vet Care Adds Up
Two out of three American households-or about 85 million homes-own pets, and those lovable little roommates don’t come cheap. Americans spent $17 billion last year on veterinary care alone, according to figures published by the American Pet Product Association. Per pet, that included $257 for the routine care of dogs and $182 for cats. But… Continue reading Annual Premiums for Pet Insurance Last Year Totaled $1 Billion as Vet Care Adds Up