Petco Acquires Pet Insurance Marketplace
Petco has acquired PetInsuranceQuotes.com, a pet insurance marketplace, which offers Petco customers an efficient way to obtain instant pet insurance quotes and compare coverage options, all while reading reviews and testimonials from major pet insurance companies, said company officials.
To help pet owners navigate the world of pet healthcare, the site provides detailed insurance plan descriptions and comparisons for both dogs and cats, as well as fast facts on how the pet insurance industry operates. To help pet owners seamlessly identify a plan that best meets their needs, the platform brings most major pet insurance companies to the customer, easily organized in one place, including Trupanion, Healthy Paws, Petplan, Pets Best, Embrace, Pethealth and Nationwide.
"By helping pet parents find the perfect policy to protect their four-legged family member, we hope to ease the stress and panic pet parents face when their beloved pets run into health issues," said Nick Braun founder of PetInsuranceQuotes.com. "We're excited to bring awareness to the pet insurance market and share the simplicity of our purchasing process with Petco's strong and loyal customer base."
One in three pets will get sick or injured this year, yet less than 1 percent of American pet owners purchase insurance for their pets, a gap that forces many pet owners to make decisions they don't want to and shouldn't have to make, said company officials. Under this new partnership, Petco and PetInsuranceQuotes.com aim to close this gap.
"At Petco, we never want to see a pet parent make difficult decisions or hesitate to make the very best choices for their pet's health purely because of cost," said Brock Weatherup, executive vice president of strategic innovation and digital experience at Petco, which has headquarters in San Diego. "We believe all pet parents should have pet insurance, but we know that understanding and navigating pet insurance choices can be confusing and overwhelming. By bringing PetInsuranceQuotes.com's easy-to-use healthcare system to our customers, we're making the choice as simple as possible and further expanding our ability to offer personalized solutions for complete pet health, serving every pet parent's needs, at every step of their journey."
As part of Petco's mission to address the growing demand for personalized, convenient, affordable pet care, PetInsuranceQuotes.com joins Petco's growing suite of pet wellness offerings, including online pet advice service PetCoach; life stage-focused subscription service PupBox; and in-store grooming, training and veterinary services.
As part of the acquisition, Braun, an Accredited Adviser in Insurance (AAI) and member of the North American Pet Health Insurance Association (NAPHIA), will join the Petco team as general manager, pet insurance, reporting to Weatherup.