The demand for personal insurance is steadily rising, as individuals aim to safeguard their homes, automobiles, and other valuable possessions by purchasing insurance policies. Consequently, businesses have responded by offering a plethora of personal insurance products. VIU by HUB, an embedded broker platform, is pioneering the personal insurance industry with its innovative omnichannel strategy. Recently, the company has partnered with Fetch Pet Insurance to broaden its portfolio of personal insurance offerings.
VIU employs an omnichannel approach that contributes to its rapid innovation in the personal insurance sector. This approach combines the best aspects of online and offline insurance brokering to create a seamless experience for customers. The VIU platform is designed to cater to customers’ preferences, enabling them to access information on their preferred channels. With VIU, customers can obtain a quote, file a claim, or manage their policies using any device, from anywhere and at any time. Furthermore, VIU continually invests in technology and innovation to ensure that its platform remains at the forefront of the industry.
Fetch Pet Insurance offers comprehensive pet insurance coverage to pet owners through a universal plan. The company caters to the needs of pet owners by offering a single, straightforward product that covers everything from chronic conditions to accidents and emergencies. In addition, Fetch Pet Insurance uses predictive health technology called Petcloud, which provides personalized content on pet health and wellness. Petcloud offers customized recommendations based on a pet’s breed, age, and health history, which can help pet owners prevent potential health issues.
A recent Forbes Advisor survey has revealed that over 42% of dog and cat owners struggle with unexpected veterinarian bills. The rising healthcare costs for pets have made it difficult for pet owners to ensure their pets’ well-being without having to face financial constraints. Consequently, pet insurance has become increasingly popular as many pet owners are unwilling to compromise the health of their pets due to financial limitations. Therefore, purchasing pet insurance has become an indispensable part of pet care for many pet owners.
VIU’s platform can be seamlessly integrated into partner systems, including veterinary practices, to facilitate the purchase of pet insurance. This integration offers added value and support for clients seeking pet insurance. The convenience of buying pet insurance while at the veterinary clinic eliminates the need to make an additional appointment or go through an extended process to purchase a policy.
Bryan Davis, Executive Vice President and Head of VIU, stated that the partnership with Fetch Pet Insurance allows them to offer pet parents the same level of confidence in coverage as they do for those seeking home and auto policies. The addition of pet insurance to VIU’s offerings is a significant step in providing comprehensive personal insurance solutions to customers.
In another example of a groundbreaking partnership, PetMed Express, an online pet pharmacy, has teamed up with Pumpkin Insurance, a pet insurance provider, to offer a health and wellness insurance solution. This partnership aims to assist pet owners in keeping their pets healthy while also keeping costs under control.
As the world becomes more unpredictable, having personal insurance is becoming increasingly crucial to protect homeowners, drivers, and pet owners from unexpected financial losses. VIU by HUB’s partnership with Fetch Pet Insurance marks a significant step forward in expanding personal insurance offerings, demonstrating that the industry is constantly evolving to meet customer needs. The convenience of purchasing pet insurance at the veterinary clinic is just one example of how the company is making it easier for pet owners to ensure their furry friends are covered. Furthermore, the partnership between PetMed Express and Pumpkin Insurance is an excellent example of how innovative collaborations can revolutionize the insurance industry. As technology continues to advance, personal insurance offerings will undoubtedly expand, and we can expect to see more innovative solutions emerge.