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 major 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 growth and dedication to pets and pet dad and mom 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 so far, 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 sooner. In truth, Embrace’s claims workforce was concerned in one other milestone for Embrace in 2023—the most important single declare lined 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 complete in-force premiums in
North America
reached about
$2.84 billion USD
, which was over a 30.5% enhance from 2020. The progress pattern continued into 2022, with the trade experiencing a 23.5% enhance in income in comparison with 2021.
“Today marks a major 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 1,000,000 tales of affection, care, and dedication to the wellbeing of pets throughout the nation. Our dedication to offering peace of thoughts to pet dad and mom with our complete protection plans stays unwavering. We imagine each pet deserves the very best 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
, affords one easy but complete accident and sickness insurance coverage plan. In addition to insurance coverage, Embrace affords Wellness Rewards, a non-insurance, non-compulsory 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 acquired quite a few accolades for buyer and worker satisfaction, together with being named the highest pet insurance coverage supplier on the Forbes listing 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 dad and mom 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.
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SOURCE Embrace Pet Insurance
