All in the Family: Tapping into the Pet Insurance Market Opportunity
Alexandre Douzet, CEO, Pumpkin, said pet insurance depends on two channels: direct sales to consumers and via veterinarians.
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.
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 put much of their development efforts into the public-facing side, giving less attention to the important, but out of sight, systems.