Partnership underscores elevated demand for revolutionary, personalised and inexpensive pet insurance coverage
STAMFORD, Conn., July 12, 2023 /PRNewswire/ — Pets Best Insurance Services, LLC, a Synchrony (NYSE: SYF) resolution and chief in pet medical insurance, and JAB’s Independence Pet Group (“IPG”) introduced as we speak an expanded partnership with IPG’s wholly owned subsidiary, Independence American Insurance Company (“IAIC”), whereby IAIC will present complete insurance coverage underwriting providers for Pets Best to fulfill the rising demand for pet insurance coverage and the wants of four-legged relations and pet dad and mom nationwide.
“At Pets Best, our dedication has all the time been, and stays, to supply pet dad and mom probably the most complete, personalised, and inexpensive pet medical insurance protection, and we’re happy to reinforce our capacity to do this via this expanded relationship with Independence American,” stated Melissa Gutierrez, senior vp and basic supervisor, Pets Best. “We have seen vital development over the previous a number of years, and as an insurance coverage Managing General Agent (MGA), Pets Best works with numerous underwriters to make sure the very best insurance policy for all of our clients are available nationwide.”
According to the latest “State of the Industry Report” launched by the North American Pet Health Insurance Association (NAPHIA), 5.36 million pets had been insured in North America on the finish of 2022, a 22% enhance in a single yr. This constant, fast {industry} development has additionally been true for Pets Best, which provides a wide range of insurance policy, together with accident, routine and wellness protection, and digital instruments that personalize and simplify the client expertise.
“We are thrilled to enter into this expanded partnership with Pets Best, which shares our dedication to offer the rising variety of pet homeowners with industry-leading insurance coverage services and products,” stated Lane Kent, CEO of Independence Pet Group, the father or mother firm of IAIC. “We sit up for rising our relationship and supporting Pets Best in offering complete and personalised protection options so homeowners can concentrate on having fun with their pets fear free.”
To study extra about Pets Best, click on here.
About Pets Best Insurance Services, LLC
Pets Best provides pet insurance coverage and wellness plans for dogs and cats in each state. Founded in 2005 with a mission to offer access to complete animal healthcare at an inexpensive worth, Pets Best delivers versatile protection, a straightforward claims course of, and wonderful customer support. In 2019 the corporate was acquired by Synchrony (NYSE: SYF). Pets Best is extremely rated by unbiased evaluate websites and is beneficial by veterinarians throughout the nation. Pets Best is a founding member of NAPHIA, an organization devoted to making sure excessive requirements and transparency for the pet insurance coverage {industry}.
Pet insurance coverage protection supplied and administered by Pets Best Insurance Services, LLC is underwritten by American Pet Insurance Company, a New York insurance coverage firm headquartered at 6100 4th Ave. S. Suite 200 Seattle, WA 98108, or Independence American Insurance Company, a Delaware insurance coverage firm situated at 11333 N. Scottsdale Rd, Ste. 160, Scottsdale, AZ 85254. Pets Best Insurance Services, LLC (CA company #0F37530) is a licensed insurance coverage company situated at 10840 Ballantyne Commons Parkway, Charlotte, NC 28277. Each insurer has sole monetary duty for its personal merchandise. Please refer to your declarations web page to find out the underwriter for your coverage. Terms and circumstances apply. See your coverage for particulars.
About Synchrony
Synchrony (NYSE: SYF) is a premier shopper monetary providers firm delivering one of many {industry}’s most full digitally-enabled product suites. Our expertise, experience and scale embody a broad spectrum of industries together with digital, well being and wellness, retail, telecommunications, home, auto, out of doors, pet and extra. We have a longtime and numerous group of nationwide and regional retailers, native retailers, producers, shopping for teams, {industry} associations and healthcare service suppliers, which we confer with as our “companions.” We join our companions and shoppers via our dynamic monetary ecosystem and supply them with a various set of financing options and revolutionary digital capabilities to handle their particular wants and ship seamless, omnichannel experiences. We supply the best financing merchandise to the best clients of their channel of selection. For extra info, go to www.synchrony.com and Twitter: @Synchrony.
About Independence Pet Group®
Independence Pet Group® (IPG) is one in every of North America’s main pet insurance coverage and providers organizations. Our spectacular household of manufacturers helps insurance coverage for greater than 600,000 pets within the U.S. and Canada and supplies well-being, security, sources, and business options to the pet {industry}, together with microchip identification and a web-based pet registry. Learn extra at www.independencepetgroup.com.
About JAB
JAB Holding Company invests in consumer-focused industries with engaging long-term dynamics, together with sturdy development prospects, engaging margin and money movement traits, and confirmed resiliency. JAB is the most important shareholder of Keurig Dr Pepper Inc., a pacesetter within the North American beverage {industry}, and Krispy Kreme, Inc. a world chief in doughnuts and different premium-quality candy treats. JAB can also be the controlling shareholder of Coty Inc., a world chief in magnificence. Together with JAB Consumer Partners, JAB is the controlling shareholder of JDE Peet’s, the most important pure-play fast-moving shopper items espresso firm on the planet; National Veterinary Associates, one of many world’s largest animal well being care providers platforms; Independence Pet Group, a number one supplier of pet insurance coverage in North America; Pumpkin Insurance Services, a best-in-class preventive care and pet insurance coverage supplier within the U.S., Pinnacle Pet Group, a number one supplier of pet insurance coverage in Europe; Panera Brands, Inc., one of many world’s largest quick informal restaurant firms, which incorporates Panera Bread, Caribou Coffee and Einstein Bros. Bagels; Pret A Manger, a number one firm within the ready-to-eat meals market; and Espresso House, the most important branded espresso store chain in Scandinavia. JAB Holding Company additionally owns luxurious items firm Bally.
Media Contacts:
For Pets Best:
Kerry Sutherland
Ok. 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
