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 pet insurers can work with third party providers or expand their own capabilities to make themselves more valuable to pet owners.
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 many people, including millennials, have come to view their pets as members of their extended families.
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.
