Partnership highlights increased need for ingenious, customized and economical animal insurance coverage
STAMFORD, Conn., July 12, 2023 /PRNewswire/ — Pets Best Insurance Services, LLC, a Synchrony (NYSE: SYF) option and leader in pet medical insurance, and JAB’s Independence Pet Group (“IPG”) revealed today a broadened collaboration with IPG’s entirely owned subsidiary, Independence American Insurance Company (“IAIC”), where IAIC will supply extensive insurance coverage underwriting services for Pets Best to fulfill the growing need for animal insurance coverage and the requirements of four-legged member of the family and animal moms and dads across the country.
“At Pets Best, our dedication has actually constantly been, and stays, to use pet moms and dads the most extensive, customized, and economical animal medical insurance protection, and we are happy to improve our capability to do that through this broadened relationship with Independence American,” said Melissa Gutierrez, senior vice president and basic supervisor, Pets Best. “We have actually seen considerable development over the previous numerous years, and as an insurance coverage Managing General Agent (MGA), Pets Best deals with numerous underwriters to make sure the very best possible insurance coverage prepare for all of our consumers are available across the country.”
According to the latest “State of the Industry Report” launched by the North American Pet Health Insurance Association (NAPHIA), 5.36 million family pets were guaranteed in North America at the end of 2022, a 22% boost in a single year. This constant, quick market development has actually likewise held true for Pets Best, which provides a range of insurance coverage strategies, consisting of mishap, regular and wellness protection, and digital tools that individualize and streamline the client experience.
“We are enjoyed participate in this broadened collaboration with Pets Best, which shares our dedication to supply the growing variety of animal owners with industry-leading insurance coverage services and products,” said Lane Kent, CEO of Independence Pet Group, the parent business of IAIC. “We eagerly anticipate growing our relationship and supporting Pets Best in supplying extensive and customized protection services so owners can concentrate on enjoying their family pets stress complimentary.”
To learn more about Pets Best, click here.
About Pets Best Insurance Services, LLC
Pets Best provides animal insurance coverage and health prepare for dogs and cats in every state. Founded in 2005 with an objective to supply access to extensive animal health care at a budget friendly rate, Pets Best provides versatile protection, a simple claims procedure, and outstanding customer care. In 2019 the business was gotten by Synchrony (NYSE: SYF). Pets Best is extremely ranked by independent evaluation websites and is suggested by vets throughout the country. Pets Best is an establishing member of NAPHIA, an organization committed to guaranteeing high requirements and openness for the animal insurance coverage market.
Pet insurance protection provided and administered by Pets Best Insurance Services, LLC is financed by American Pet Insurance Company, a New York insurance provider headquartered at 6100 fourth Ave. S. Suite 200 Seattle, WA 98108, or Independence American Insurance Company, a Delaware insurance provider found at 11333 N. Scottsdale Rd, Ste. 160, Scottsdale, AZ 85254. Pets Best Insurance Services, LLC (CA company #0F37530) is a certified insurance coverage company situated at 10840 Ballantyne Commons Parkway, Charlotte, NC 28277. Each insurance company has sole monetary duty for its own items. Please refer to your statements page to identify the underwriter for your policy. Terms and conditions use. See your policy for information.
About Synchrony
Synchrony (NYSE: SYF) is a leading customer monetary services business providing among the market’s most total digitally-enabled item suites. Our experience, know-how and scale include a broad spectrum of markets consisting of digital, health and health, retail, telecoms, home, vehicle, outside, pet and more. We have a recognized and varied group of nationwide and local merchants, regional merchants, producers, purchasing groups, market associations and health care company, which we describe as our “partners.” We link our partners and customers through our vibrant monetary community and supply them with a varied set of funding services and ingenious digital abilities to resolve their particular requirements and provide smooth, omnichannel experiences. We use the ideal funding items to the ideal consumers in their channel of option. For more info, check out www.synchrony.com and Twitter: @Synchrony.
About Independence Pet Group®
Independence Pet Group® (IPG) is among North America’s leading animal insurance coverage and services companies. Our excellent family of brand names supports insurance coverage for more than 600,000 family pets in the U.S. and Canada and supplies wellness, safety, resources, and business services to the animal market, consisting of microchip recognition and an online animal pc registry. Learn more at www.independencepetgroup.com.
About JAB
JAB Holding Company purchases consumer-focused markets with appealing long-lasting characteristics, consisting of strong development potential customers, appealing margin and capital qualities, and tested resiliency. JAB is the biggest investor of Keurig Dr Pepper Inc., a leader in the North American drink market, and Krispy Kreme, Inc. an international leader in doughnuts and other premium-quality sweet treats. JAB is likewise the managing investor of Coty Inc., an international leader in appeal. Together with JAB Consumer Partners, JAB is the managing investor of JDE Peet’s, the biggest pure-play fast-moving durable goods coffee business on the planet; National Veterinary Associates, among the world’s biggest animal healthcare services platforms; Independence Pet Group, a leading company of animal insurance coverage in North America; Pumpkin Insurance Services, a best-in-class preventive care and animal insurance coverage company in the U.S., Pinnacle Pet Group, a leading company of animal insurance coverage in Europe; Panera Brands, Inc., among the world’s biggest quick casual restaurant business, that includes Panera Bread, Caribou Coffee and Einstein Bros. Bagels; Pret A Manger, a leading business in the ready-to-eat grocery store; and Espresso House, the biggest top quality cafe chain in Scandinavia. JAB Holding Company likewise owns high-end items business Bally.
Media Contacts:
For Pets Best:
Kerry Sutherland
K. Sutherland PR
[email protected]
775-360-6101
Michelle Blaya Romero
Synchrony
[email protected]
626-250-1415
For Independence Pet Group:
Tom Johnson or Jake Yanulis
H/Advisors Abernathy
[email protected] or [email protected]
(212) 371-5999
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SOURCE Synchrony
