All in the Family: Tapping into the Pet Insurance Market Opportunity
Alexandre Douzet, CEO, Pumpkin, said the type of illnesses and health threats vary considerably, even among US regions.
Ramanujam Venkatesan, Property & Casualty Insurance Consulting Leader, Cognizant, said insurers starting on a new venture creates an opportunity to start fresh.
Alexandre Douzet, CEO, Pumpkin, said pet insurance depends on two channels: direct sales to consumers and via veterinarians.
Ramanujam Venkatesan, Property & Casualty Insurance Consulting Leader, Cognizant, said insurers that have flexible, adaptive systems can customize and personalize their interactions with prospects and new customers.
Chris Blatchly, Chief Digital Officer & Consulting Leader for Insurance, Cognizant, said insurance penetration among pet owners stands at 3%.
