All in the Family: Tapping into the Pet Insurance Market Opportunity
Ramanujam Venkatesan, Property & Casualty Insurance Consulting Leader, Cognizant, said insurers starting on a new venture creates an opportunity to start fresh.
Chris Blatchly, Chief Digital Officer & Consulting Leader for Insurance, Cognizant, said pet insurers will be judged by how well they handle claims reimbursements, and how comfortably they bring insureds on board.
Alexandre Douzet, CEO, Pumpkin, said pet insurance becomes a more important consideration when owners face the prospect of large medical large bills for their pet.
Ramanujam Venkatesan, Property & Casualty Insurance Consulting Leader, Cognizant, said many people, including millennials, have come to view their pets as members of their extended families.
Chris Blatchly, Chief Digital Officer & Consulting Leader for Insurance, Cognizant, said insurance penetration among pet owners stands at 3%.
