• December 29, 2022
  • No Comment
  • 5 minutes read

Nationwide offers solutions through partnership with Adopt a Pet – Digital Insurance

Nationwide offers solutions through partnership with Adopt a Pet – Digital Insurance

Nationwide announced a partnership with Adopt a Pet, a non-profit pet adoption web service, to provide pet health insurance and pet protection education to potential or new pet owners. Nationwide is named as Adopt a Pet’s exclusive pet health insurance carrier and will offer its solutions to the 19,000 pet adoption agencies, shelters and groups posting available adoptions included on the Adopt a Pet website.
“Nationwide Pets’ focus really is on expanding the opportunity to give care to your pet…We want to really help open up those doors so that people can have a financial safety net by working on making care more accessible,” says Heidi Sorota, Nationwide Pet insurance president and chief pet officer. “Pet Insurance isn’t a widely known service that people search for. We want to make sure that we can get the word out and reach pet-passionate pet owners who want to take care of their pets, and doing that through pet-passionate brands is one of the ways that we’re going to do that.”
Mariel Devesa, leader of growth, expansion and development for Nationwide’s Pet insurance team, agrees that pet protection education is another major benefit to the partnership. 
“A big part of the issue is awareness – most consumers don’t know about pet insurance, or why they should get it,” adds Devesa. “And so when you adopt a pet, that’s an ideal time… being there, and being able to help educate [consumers] about insurance and help them make those right decisions is super exciting.”
Solutions offered through this collaboration include Nationwide Pet’s general insurance offerings, such as accident or illness protection, and the included benefits – customers receive access to the 24-hour helpline to help with policy-related questions and also receive a digital pharmacy ID card for their pet through the Nationwide Pet Rx Express Program to order or refill prescriptions, save money and automatically submit claims.
Through the partnership, both Nationwide and Adopt a Pet can continue their shared mission to educate pet owners on the importance of pet protection and provide ways to manage pet-related costs. 
“Most consumers don’t know the total cost of a pet,” Devesa says. “Then something unfortunately happens, they go to the vet, they don’t have insurance, and they get this big shock… For us, it’s how [to] help them make that choice or understand that in the front-end, so they don’t have that unexpected surprise on the back-end.”
Nationwide’s veterinary analytics team also utilizes its claims records and policy data to publish white papers that offer specialized pet health information and insights based on breed- and age-specific factors to help potential pet owners understand the projected total cost of the type of pet they are looking to adopt.
M&A activity in the insurance industry has been on the rise in the last two years and is likely to stay strong through 2022 and beyond.
Next Insurance hires first CIO and more news.
Five startups that eclipsed $20 million in funding this month.
Watch this collection of the most notable sessions from our recent events. Learn from the industry’s top minds as they tackle the critical issues facing our community.

(Bloomberg) –A host of shipping insurers altered their policies for 2023 to exclude claims linked to Russia’s war in Ukraine, a further sign of the industry’s growing concerns about losses stemming from the conflict.
Featuring digital leaders from Liberty Mutual, MetLife, State Farm and more.
Services notify insurers of accidents, show drivers data on behavior behind the wheel
Based on DI reader metrics.
When profits get lean, projects tend to be delayed or canceled, and new technologies with challenging margins often are most at risk.
Evan and his older brother Jeffrey are scions of the AIG insurance fortune: Their father, Maurice “Hank” Greenberg, built American International Group into a global colossus.
Our survey finds an industry excited to apply the accelerated consumer digitalization due to social-distancing mandates and other mitigation efforts to the insurance industry.

source

Leave a Reply

Your email address will not be published. Required fields are marked *