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Pet Insurance Review

Trupanion Continues Fast Growth

By mdh, on May 6th, 2015

Trupanion posted revenue of $33.3 million in the first quarter of 2015. This was an increase of 30% from a year ago. The number of enrolled pets increased to 246,100, a 27% increase from last year.

This puts Trupanion at about half the size of VPI.

Other details from yesterday s earnings call:

3 New Pet Insurance Companies

By mdh, on April 22nd, 2015

The recent launch of three insurers into the US pet insurance market suggests that there may be plenty of room for growth in the industry.

VetCare Health. based in Durham, North Carolina, is headed by Sandy Boucher and underwritten by Lyndon Southern Insurance Company. Sandy was previously associated with the AKC and PetPremium pet insurance companies.

Happi Pets, based in Jeffersonville, Indiana, is the US offering of the UK-based Healthy Pets Insurance Company. Happi Pets is underwritten by AAIC and its policies will be administered by Petfirst Pet Insurance.

Figo Pet Insurance. based in Chicago, is underwritten by Markel Insurance, a large insurer that provides coverage for a variety of niche markets. Figo has received several million dollars in startup funding.

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