In an effort to cater to the growing needs of pet parents, Insurify has joined forces with Fletch to provide access to pet insurance products on its digital marketplace platforms. This strategic partnership aims to simplify the process of comparing and obtaining pet insurance through Insurify’s website and mobile app using Fletch’s open protocol.
Pet Insurance Comparison Service
Insurify’s digital marketplace platforms will now feature a pet insurance comparison service, allowing users to easily compare and choose from a range of pet insurance products. By leveraging Fletch’s open protocol, Insurify can provide a seamless experience for customers, enabling them to make informed decisions about their pets’ insurance coverage.
Simplified application process
Gone are the days of filling out multiple forms and making countless phone calls to obtain pet insurance quotes. Thanks to this partnership, Insurify users can now access quotes from multiple leading pet insurers by simply completing one straightforward application. This streamlined process saves pet parents time and energy while ensuring they receive the best possible coverage for their furry friends.
Concerns of Insurify’s customers
As approximately 70% of Americans are pet parents, the cost of pet care has become a significant concern for Insurify’s customers. From routine veterinary visits to unexpected injuries or illnesses, the financial burden of caring for pets can be overwhelming. With the introduction of the pet insurance comparison service, Insurify aims to alleviate some of these concerns by empowering pet parents to find affordable and comprehensive coverage for their beloved companions.
Growth and Size of the Pet Insurance Market
The pet insurance industry in the United States has witnessed remarkable growth in recent years. In 2022 alone, the market reached $3.2 billion, displaying a year-over-year growth rate of over 24%. Moreover, the number of pets covered by pet insurance has been steadily increasing, with a growth rate of 22.5% annually since 2018. This growth reflects the increasing awareness among pet owners about the benefits of having pet insurance in place.
Average cost of pet insurance
While the cost of pet insurance varies depending on various factors such as the pet’s age, breed, and health condition, Insurify provides insight into the average annual costs. On average, pet parents pay approximately $640 per year for dog insurance and $387 annually for cat insurance. These figures highlight the potential savings pet owners can enjoy by securing the right insurance coverage for their pets and avoiding hefty out-of-pocket expenses.
Fletch’s Aligned Platform
Fletch’s configurable platform perfectly complements Insurify’s tech-first approach, making the pet insurance offering even more accessible and user-friendly. With Fletch’s advanced technologies, Insurify can seamlessly integrate pet insurance products into its digital marketplace platforms, ensuring a smooth and efficient experience for customers. This alignment of platforms contributes to the overall goal of simplifying the pet insurance process and allowing pet parents to make well-informed decisions for their furry companions.
Time-to-market benefits
The collaboration between Insurify and Fletch extends beyond simplifying the pet insurance process for customers. With their partnership, they aim to provide valuable time-to-market benefits for brands, insurers, and customers alike. By leveraging Fletch’s technology and Insurify’s digital marketplace platforms, insurers can quickly and efficiently offer their pet insurance products to a wider base of pet parents. This expedited process benefits brands by expanding their market reach, insurers by increasing their customer base, and ultimately provides pet owners with a wider range of insurance options tailored to their specific needs.
Expansion of Insurify’s Services
The partnership with Fletch not only enhances Insurify’s digital marketplace platforms, but also allows its virtual insurance agent to expand its services further. The virtual insurance agent, powered by cutting-edge artificial intelligence, can now provide personalized guidance and assistance to pet parents seeking pet insurance coverage. This innovative approach helps pet owners navigate the complexities of insurance, thereby making it easier to safeguard the health and well-being of their pets without the added stress of financial burdens.
The partnership between Insurify and Fletch marks a significant milestone in simplifying the process of obtaining pet insurance and alleviating the burden of veterinary costs for pet parents. Through Insurify’s digital marketplace platforms, users can efficiently compare and access pet insurance quotes from leading providers, thanks to Fletch’s open protocol. This collaboration not only benefits pet owners but also offers time-to-market advantages for brands and insurers. With the expansion of Insurify’s virtual insurance agent services, pet parents are empowered to make informed decisions about their pets’ insurance needs, ensuring their fur babies receive the best care possible. Ultimately, this partnership aims to enhance the overall pet insurance offering and support the well-being of our beloved pets.