Synchrony’s Pets Best broadens collaboration with JAB’s Independence Pet Group

Pets Best Insurance Services, LLC, a Synchrony option and animal medical insurance business, and JAB’s Independence Pet Group (IPG) have actually broadened collaboration with IPG’s totally owned subsidiary, Independence American Insurance Company (IAIC). Through this, IAIC will use extensive insurance coverage underwriting services for Pets Best to attend to the increasing need for animal insurance coverage.¹

“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,” revealed Melissa Gutierrez, senior vice president and basic supervisor, Pets Best.¹ “We have actually seen substantial 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.”

The North American Pet Health Insurance Association (NAPHIA) just recently reported² that by the end of 2022, 5.36 million family pets were guaranteed in North America, which is a 22% boost in 1 year. This boost was shown with Pets Best too, which offers a variety of insurance coverage strategies, (ie, mishap, regular and wellness protection, and digital tools that tailor and streamline the user experience).¹

“We are enjoyed participate in this broadened collaboration with Pets Best, which shares our dedication to offer the growing variety of animal owners with industry-leading insurance coverage product or services,” mentioned Lane Kent, CEO of Independence Pet Group, the parent business of IAIC.¹ “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 fret complimentary.”

References

1. Synchrony’s Pets Best broadens relationship with JAB’s Independence Pet Group to serve growing animal insurance coverage market. News release. Synchrony. July 12, 2023. Accessed July 13, 2023. https://www.prnewswire.com/news-releases/synchronys-pets-best-expands-relationship-with-jabs-independence-pet-group-to-serve-growing-pet-insurance-industry-301873464.html
2. State of the Industry 2023 Highlights. North American Pet Health Insurance Association. 2023. Accessed July 13, 2023. https://naphia.org/industry-data