Live Insurance News

Pet insurance policies are increasingly commonplace as employee benefits

November 4, 2016November 2, 2016 Marc

Employers are seeking to draw younger talent by offering them unique additional forms of coverage. Companies that are looking for the best talent find themselves facing a great deal of competition and pet insurance policies are often used to help them to shine above rivals. Today’s younger workers don’t necessarily want the same benefits as those ten years or a generation older. Health insurance isn’t covering as much but plans with more coverage are very expensive for businesses. Over the next month, many companies are adding other types of benefits…

Pet insurance is extremely unpopular in India

September 18, 2015September 16, 2015 Julie Campbell

According to recent figures, there are very few animal owners in the country who have purchased coverage. Pet insurance is a very unique type of coverage in that there are parts of the world where it has become exceptionally commonplace, and there are others where it has remained virtually nonexistent. India has fallen into that second category, as few owners have chosen to buy health insurance for their pets. This type of coverage helps to cover bills such as those for veterinary visits, medical treatments, surgeries, and even certain medications,…

Pet insurance policies from Hartville sold online through Target

August 7, 2015August 5, 2015 Julie Campbell

The insurer recently moved its headquarters to Akron, at a former Lockheed Martin facility. Hartville Pet Insurance Group has announced that it has now formed a new partnership with Target, in order to make it possible for customers to purchase health care policies for their pets on the retail giant’s website. The partnership has already begun, but the policies won’t become available until later this month. Starting late this month, customers who visit the Target website will be able to access information about various pet insurance policies from Hartville and…

The North American pet insurance industry is finally taking off

May 21, 2015May 20, 2015 Julie Campbell

Trupanion recently released a report that showed that it has been experiencing considerable growth in revenues. Although pet insurance is carried by a small minority of dog and cat owners, the current trend has shown that the number of people who have coverage for their beloved animals is starting to grow in a very meaningful way. The market is on the rise and insurance companies are looking to take advantage of this revenue stream. In the example of Trupanion, a pet insurance company from Seattle, the 2015 first quarter earnings…

American pet insurance industry experiences sales growth

April 21, 2015April 18, 2015 Julie Campbell

A new update to the report from IBISWorld has shown that more animal owners are buying policies. IBISWorld has updated the data in its report on the pet insurance industry and has pointed out that as a result of a combination of the increase in the costs associated with veterinary services, and the rising awareness among consumers with regards to coverage options, sales of these policies have been measurably growing. Insurers offering these types of policies have been experiencing rising consumer awareness and acceptance. The report showed that over the…