Pets Best expands relationship with Independence Pet Group
Pet insurance company Pets Best and JAB’s Independence Pet Group announced an expanded partnership with IPG’s wholly owned subsidiary, Independence American Insurance Company, whereby IAIC will provide insurance underwriting services for Pets Best.
Pets Best has an underwriting relationship with Trupanion but last year company leaders said that Pets Best will transition to a different underwriter in order to free up capital reserves. In 2022, Trupanion subsidiary American Pet Insurance Company reported 341 million in premiums from Pets Best. IAIC reported 27 million in premiums from Pets Best for the same period.
“At Pets Best, our commitment has always been, and remains, to offer pet parents the most comprehensive, personalized, and affordable pet health insurance coverage, and we are pleased to enhance our ability to do that through this expanded relationship with Independence American. We have seen significant growth over the past several years, and as an insurance Managing General Agent (MGA), Pets Best works with various underwriters to ensure the best possible insurance plans for all of our customers are available nationwide.” – Melissa Gutierrez, SVP and general manager, Pets Best.
“We are thrilled to enter into this expanded partnership with Pets Best, which shares our commitment to provide the growing number of pet owners with industry-leading insurance products and services. We look forward to growing our relationship and supporting Pets Best in providing comprehensive and personalized coverage solutions so owners can focus on enjoying their pets worry free.” – Lane Kent, CEO of Independence Pet Group.