Partnership highlights increased need for ingenious, tailored and budget-friendly family pet insurance coverage
STAMFORD, Conn., July 12, 2023 /PRNewswire/ — Pets Best Insurance Services, LLC, a Synchrony (NYSE: SYF) service and leader in pet medical insurance, and JAB’s Independence Pet Group (“IPG”) revealed today a broadened collaboration with IPG’s completely owned subsidiary, Independence American Insurance Company (“IAIC”), where IAIC will offer detailed insurance coverage underwriting services for Pets Best to fulfill the growing need for family pet insurance coverage and the requirements of four-legged relative and family pet moms and dads across the country.
“At Pets Best, our dedication has actually constantly been, and stays, to provide pet moms and dads the most detailed, tailored, and budget-friendly family pet medical insurance protection, and we are delighted to boost 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 substantial development over the previous a number of years, and as an insurance coverage Managing General Agent (MGA), Pets Best deals with numerous underwriters to guarantee the very best possible insurance coverage prepare for all of our clients 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, fast market development has actually likewise held true for Pets Best, which uses a range of insurance coverage strategies, consisting of mishap, regular and wellness protection, and digital tools that customize and streamline the client experience.
“We are enjoyed participate in this broadened collaboration with Pets Best, which shares our dedication to offer the growing variety of family pet 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 offering detailed and tailored protection options so owners can concentrate on enjoying their family pets stress complimentary.”
To learn more about Pets Best, click on this link.
About Pets Best Insurance Services, LLC
Pets Best uses family pet insurance coverage and health prepare for dogs and cats in every state. Founded in 2005 with an objective to offer access to detailed animal health care at an inexpensive rate, Pets Best provides versatile protection, a simple claims procedure, and exceptional customer support. 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 making sure high requirements and openness for the family pet insurance coverage market.
Pet insurance protection used and administered by Pets Best Insurance Services, LLC is financed by American Pet Insurance Company, a New York insurer headquartered at 6100 fourth Ave. S. Suite 200 Seattle, WA 98108, or Independence American Insurance Company, a Delaware insurer 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 figure out the underwriter for your policy. Terms and conditions use. See your policy for information.
About Synchrony
Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry’s most complete digitally-enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, outdoor, pet and more. We have an established and diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers, which we refer to as our “partners.” We connect our partners and consumers through our dynamic financial ecosystem and provide them with a diverse set of financing solutions and innovative digital capabilities to address their specific needs and deliver seamless, omnichannel experiences. We offer the right financing products to the right customers in their channel of choice. For more information, visit www.synchrony.com and Twitter: @Synchrony.
About Independence Pet Group®
Independence Pet Group® (IPG) is among North America’s leading family pet insurance coverage and services companies. Our remarkable family of brand names supports insurance coverage for more than 600,000 family pets in the U.S. and Canada and offers wellness, safety, resources, and business options to the family pet market, consisting of microchip recognition and an online family pet windows registry. Learn more at www.independencepetgroup.com.
About JAB
JAB Holding Company buys 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 charm. Together with JAB Consumer Partners, JAB is the managing investor of JDE Peet’s, the biggest pure-play fast-moving durable goods coffee business worldwide; National Veterinary Associates, among the world’s biggest animal healthcare services platforms; Independence Pet Group, a leading supplier of family pet insurance coverage in North America; Pumpkin Insurance Services, a best-in-class preventive care and family pet insurance coverage supplier in the U.S., Pinnacle Pet Group, a leading supplier of family pet 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
SOURCE Synchrony
