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.
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.
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.
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.