Insurify, a leading InsurTech company, has recently announced a partnership with embedded insurance startup Fletch to expand its platform offerings by introducing pet insurance. This strategic collaboration comes in response to research conducted by Insurify, which showcases that pet care costs are a top concern for their clients.
Research Findings
According to the research conducted by Insurify, pet care costs have consistently emerged as a leading concern for their clients. With approximately 70% of Americans being pet parents, the financial burden associated with veterinary expenses can be overwhelming. Insurify recognizes the importance of addressing these concerns and aims to alleviate the financial strain for its users.
Goal of Partnership
As part of the partnership, Insurify users will now have access to a wide range of pet insurance quotes from multiple providers. By offering this variety of options, Insurify aims to empower pet owners with the ability to make informed decisions regarding their pets’ healthcare. This collaboration seeks to ease the burden of veterinary costs and provide peace of mind to pet parents across the nation.
Customer Feedback
Insurify has been attentive to the feedback from its customers, who consistently express their worries about pet care costs. By addressing this concern head-on, the company aims to enhance the overall user experience and build stronger relationships with its client base. The addition of pet insurance to Insurify’s platform demonstrates their commitment to meeting the evolving needs of their customers.
Importance of Pet Insurance
With pet ownership being a significant part of American culture, it is essential to recognize the financial responsibilities that come with caring for pets. From routine veterinary visits to emergency medical treatments, the costs can quickly accumulate. Pet insurance provides a safety net that can help mitigate these expenses and ensure that pets receive the best possible care. Insurify understands the significance of pet insurance and aims to prioritize the well-being of pets by making it easily accessible to their users.
Fletch’s Platform
Insurify decided to partner with Fletch primarily due to its highly configurable platform that aligns perfectly with Insurify’s tech-first approach. Fletch’s advanced technology and innovative solutions provide Insurify with a seamless integration process, allowing for a smooth introduction of pet insurance on their platform. This partnership signifies the alignment of both companies’ visions to offer cutting-edge insurance solutions to the market.
Fletch’s Capabilities
Fletch, as an API-first insurance platform, facilitates the creation of digital ecosystems for insurers. The platform enables unlimited possibilities for the involved clients, breaking traditional barriers and expanding the horizons of insurance offerings. With this collaboration, Fletch solidifies its position as a leading player in the embedded insurance space and demonstrates its commitment to driving innovation within the insurance industry.
Excitement about the Partnership
Fletch is excited to join forces with Insurify to strengthen their virtual insurance agent with the addition of pet insurance. By integrating Fletch’s capabilities into Insurify’s platform, both companies aim to enhance the user experience for pet owners and provide them with comprehensive insurance solutions. This partnership reflects Fletch’s commitment to expanding its reach and delivering value-added services to a wider consumer base.
Pet Insurance Relevance
While pet insurance itself provides crucial coverage for veterinary expenses, Fletch recognizes that it can also serve as a gateway to insuring other aspects of pet owners’ lives. By enabling pet insurance, Fletch acknowledges that Americans’ homes and cars are often closely tied to their pets’ well-being. By offering pet insurance, Insurify and Fletch aim to facilitate a broader insurance conversation and help Americans protect what matters most to them.
Benefits of Open Insurance Protocol
Fletch’s open insurance protocol ensures that new partners can be quickly onboarded, resulting in valuable time-to-market benefits for brands, insurers, and all parties involved. This streamlined process allows Insurify to seamlessly introduce pet insurance, ensuring that their users can access comprehensive coverage without delay. By leveraging Fletch’s open insurance protocol, Insurify demonstrates its commitment to agility and meeting the evolving needs of its customers.
In conclusion, the partnership between Insurify and Fletch to introduce pet insurance to the Insurify platform proves to be a significant step forward in addressing the concerns of pet owners. The collaboration exemplifies Insurify’s dedication to providing comprehensive insurance solutions, fueled by customer feedback and market research. With Fletch’s innovative technology and open insurance protocol, this partnership promises to alleviate the financial burden of veterinary costs for pet owners while serving as a gateway to broader insurance coverage.