PetFirst announced that 58,700 claims were filed in 2013 for which $5.6 million was reimbursed to pet parents.
For a comparison, Pets Best stated that 237,500 claims were filed in 2012. However, Pets Best offers a wellness plan and PetFirst does not. Also, its not clear if both of the insurers are excluding denied claims in these totals.
We estimate that PetFirst has about 40,000 active policies and Pets Best has about 100,000 active policies. . . . → Read More: PetFirst Statistics for 2013
Walmart started selling pet insurance in select stores in Canada. The policies will be underwritten by Western Financial Insurance, the company behind Petsecure. Walmart Canada has a website where pet parents can get quotes.
This type of partnership between pet insurers and consumer brands has been around in the UK for several years, with brands such as Tesco, Sainsbury’s (grocery stores) and Virgin Money (a bank) successfully selling policies that are then handled by an established pet insurance company.
In the states, PetFirst had a similar partnership with Kroger to offer pet insurance. However, this relationship did not work out and the companies cancelled the arrangement . . . → Read More: Walmart selling Pet Insurance