All in the Family: Tapping into the Pet Insurance Market Opportunity
Chris Blatchly, Chief Digital Officer & Consulting Leader for Insurance, Cognizant, said insurance penetration among pet owners stands at 3%.
Alexandre Douzet, CEO, Pumpkin, said the type of illnesses and health threats vary considerably, even among US regions.
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 insurers that have flexible, adaptive systems can customize and personalize their interactions with prospects and new customers.
