NEW
YORK, July 24, 2024 /PRNewswire/ -- Odie Pet
Insurance, a full-service pet health insurance company known for
its integrated technology solutions, announced a strategic
partnership today with Insuritas, the nation's leading embedded
insurance provider for financial institutions. This partnership
seamlessly integrates Odie's products into Insuritas' award-winning
BUNDLE embedded insurance platform, offering a convenient pet
insurance solution.
Through this unique collaboration, Insuritas' financial
institution customers now have access to Odie's customizable and
affordable pet insurance coverage. Presented with a range of
products, including a comprehensive Illness & Injury plan, an
Accident Only plan, and a Wellness Plan that provides reimbursement
for routine care items, customers can select and personalize their
coverage to meet their individual needs and those of their
pets.
"With Odie's 'pet insurance as a solution' platform, we make it
simple for strategic partners to gain a competitive edge in the
marketplace by efficiently launching a new line of business," says
Miles Thorson, CEO and Co-Founder of
Odie Pet Insurance. "We are thrilled to partner with Insuritas to
power their pet insurance solution across their ecosystem of
financial institutions, enhancing their service offerings and
furthering our mission of coverage accessibility."
Since the partnership's inception in late 2023, Insuritas has
experienced considerable interest and growth in its pet insurance
line. One in five customers who started the process online received
a quote, and one in three customers who received a quote online
purchased a policy. This is a strong indicator of the propensity
for online purchases of insurance/protection products and is part
of Insuritas' 2024-2025 roadmap of offering additional bind-online
protection products.
"This exciting development is just another key example of
Insuritas' commitment to provide diversified non-interest income
for our financial institution partners," said Jeffrey Chesky, President and CEO at Insuritas.
"For over two decades, BUNDLE has empowered banks and credit unions
to offer essential insurance products that meet their customers'
needs. We are extremely pleased to incorporate Odie's pet insurance
coverage into an already comprehensive portfolio of protection
products."
With only about 4% of pets insured in the U.S. and the cost of
veterinary care on the rise, many pet parents are faced with
difficult decisions about medical treatments for their furry family
members due to financial constraints. The success of this
partnership also underscores the urgent need for affordable and
comprehensive coverage options among pet parents, highlighting the
importance of this pet insurance solution.
About Odie Pet Insurance
Odie Pet Insurance is a wellness-first, national pet health
insurance brand founded with a revolutionary spirit and caregiving
goal to provide all dog and cat owners with access to essential pet
care services through a centralized digital hub. Leveraging its
technology-enabled platform, Odie simplifies access to vital pet
care services for strategic partners – expanding reach, revenue
streams, and product portfolios. For more information about Odie's
pet insurance technology solutions, visit
GetOdie.com/Odie-For-Business.
About Insuritas
Insuritas' mission is to connect people to the insurance
products they need through a seamless, transparent shopping
experience in which carriers compete to provide them with the right
coverage at the right price. Leveraging proprietary data-mining
techniques and integrations through its BUNDLE brand, Insuritas
offers a vast network of solutions to empower partners to operate
their own labeled, full-service insurance agency. With Insuritas'
data solutions, partners can generate expanded wallet share,
increased retention, and recurring non-interest revenue. For more
information, visit https://www.insuritas.com/.
Media Contact:
Debra Hyman
9299921550
380736@email4pr.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/odie-pet-insurance-and-insuritas-announce-strategic-partnership-302204237.html
SOURCE Odie Pet Insurance