CLEVELAND, Jan. 26, 2024 /PRNewswire/ — Embrace Pet Insurance, a number one supplier of pet medical insurance for dogs and cats in the United States, is proud to announce a big milestone– insuring 500,000 pets throughout the nation. Since promoting its first coverage to a cat named Lily in Chagrin Falls, Ohio, on October 10, 2006, Embrace has grown considerably as a business, marking a journey of improvement and dedication to pets and pet mother and father for the previous 17 years.
One of the keys to Embrace’s success is its dedication to buyer satisfaction. Embrace prioritizes environment friendly claims processing, having dealt with over 4.6 million claims to this point, together with greater than 1 million in 2023 alone. Embrace’s Apollo AI claims processing know-how hastens claims processing by 75% in comparison with conventional strategies, guaranteeing prospects obtain their reimbursements quicker. In reality, Embrace’s claims staff was concerned in one other milestone for Embrace in 2023—the most important single declare coated within the firm’s history–$48,534 for a combined breed canine with aspiration pneumonia and pyloric valve restore.
Embrace’s achievements are half of a bigger pattern within the quickly rising pet insurance coverage market. In 2021, NAPHIA reported the trade’s whole in-force premiums in North America reached about $2.84 billion USD, which was over a 30.5% improve from 2020. The progress pattern continued into 2022, with the trade experiencing a 23.5% improve in income in comparison with 2021.
“Today marks a big chapter in Embrace Pet Insurance’s story as we rejoice insuring our 500,000th pet,” mentioned Brian Macias, CEO of Embrace Pet Insurance. “It’s greater than only a quantity for us; it represents half one million tales of affection, care, and dedication to the wellbeing of pets throughout the nation. Our dedication to offering peace of thoughts to pet mother and father with our complete protection plans stays unwavering. We imagine each pet deserves the most effective care, and we’re right here to make sure they obtain it.”
In a tribute to Lily, the primary pet insured by Embrace, the corporate is donating $5,000 to Stay-A-While Cat Shelter in North Royalton, Ohio. This gesture honors Lily’s reminiscence and Embrace’s ongoing dedication to the welfare of pets, aligning with the corporate’s core values.
For extra details about Embrace Pet Insurance, go to EmbracePetInsurance.com or name (800) 660-3817.
###
About Embrace Pet Insurance
Embrace Pet Insurance, a top-rated pet medical insurance supplier for dogs and cats in the United States, provides one easy but complete accident and sickness insurance coverage plan. In addition to insurance coverage, Embrace provides Wellness Rewards, a non-insurance, non-obligatory preventative care product that’s distinctive to the trade. Wellness Rewards reimburses for routine veterinary visits, grooming, vaccinations, coaching, and way more, with no itemized limitations. Embrace has obtained quite a few accolades for buyer and worker satisfaction, together with being named the highest pet insurance coverage supplier on the Forbes record of America’s Best Insurance Companies 2022 and receiving the Great Place to Work™ certification. Embrace is a proud member of the North American Pet Health Insurance Association (NAPHIA) and continues to innovate and enhance the pet insurance coverage expertise for pet mother and father throughout the nation. Embrace Pet Insurance is a privately held organization, backed by JAB Holding Company.
For extra details about Embrace Pet Insurance, go to EmbracePetInsurance.com or name (800) 660-3817.
View unique content material to obtain multimedia:https://www.prnewswire.com/news-releases/half-a-million-pets-now-protected-embrace-pet-insurance-celebrates-milestone-302045953.html
SOURCE Embrace Pet Insurance
