Calabrio, Inc.’s Post

It's interesting to see how insurers have succeeded in setting up pet ecosystems to offer non-financial services to a highly demanding clientele and thus generate new revenues. In this article, we have chosen to highlight a few notable examples submitted for the Qorus Innovation in Insurance Awards. These innovation masters, from whom we recommend taking inspiration, are Fidelidade, Grupo Ageas Portugal, Zurich Sigorta, QUIXA, Figo Pet Insurance, Napo, and PetExpert by Trupanion. A big congratulations to them. They wowed us 👏 #petinsurance #insurance #insuranceinnovation Silvia Cunill Calvet Raheel Vakeel Patrick Desmares Eylem Özen Baştürk

𝗨𝗡𝗗𝗘𝗥𝗪𝗥𝗜𝗧𝗡𝗚 𝗣𝗘𝗧 𝗜𝗡𝗦𝗨𝗥𝗔𝗡𝗖𝗘? – 𝗪𝗲’𝘃𝗲 𝘀𝗶𝗺𝗽𝗹𝗶𝗳𝗶𝗲𝗱 𝗶𝘁 𝗳𝗼𝗿 𝘆𝗼𝘂𝗿 𝗰𝗼𝗻𝘃𝗲𝗻𝗶𝗲𝗻𝗰𝗲. Through our many years of experience in Pet insurance, we’ve applied our knowledge to practical solutions. For example, one of the notable criteria when offering Pet Insurance, is that pets go through a cycle of risk during their lives – and this is of key importance for Insurers. The cycle changes at various stages of their lives, and so the insurance package should alter in relation to these changes. In a perfect (business) world, you need to know that your claims system will track these cycles, and in so doing, also cross-reference claims data to manage claims more effectively. 𝗜𝘀 𝘁𝗵𝗶𝘀 𝗲𝘃𝗲𝗻 𝗽𝗼𝘀𝘀𝗶𝗯𝗹𝗲? - 𝗬𝗲𝘀, 𝘄𝗲 𝗽𝗿𝗼𝘃𝗶𝗱𝗲 𝘀𝗼𝗳𝘁𝘄𝗮𝗿𝗲 𝘀𝘆𝘀𝘁𝗲𝗺𝘀 𝘁𝗵𝗮𝘁 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝗱𝗼 𝘁𝗵𝗶𝘀. With our claims management systems in place, you can rest assured that the underwriting of a pet’s cover is accurate, and that the claims are being properly managed. Speak to us. 👉 Connect with Scott Roberts or email him at: scott@denisglobal.com For more information:  sales@denisglobal.com or visit our website at : www.denisglobal.com The types of businesses we can support: (not limited to) - Insurers - MGA’s - Brokers - Employee Benefits Providers - Flex Benefit Providers - Employers and Employees - Human Resources Departments We also offer: • To set-up the right support services for you • Incorporate branding and aesthetics that are tailored to your identity • Implement fully organic systems that grow with your business! Additional Administrative services & support available from us: (not limited to) - Policy management and fulfilment - Claims processing - Premium collection and customer invoicing - Electronic customer services - Immediate claims payments - Financial reconciliation - Automated communications #DenisGlobal #denisglobal #PetInsuranceSoftware #PetInsuranceSystems #CustomisedInsuranceUnderwritingsystems #PetInsuranceUnderwriters

Kicking off a new knowledge sharing series - BreegaWatch! We dove into pet insurance and drew parallel with the evolution of human healthcare / insurance. Very interestingly, as much as managed care model would improve both cost and care quality, the lack of public pet care facilities and regulation push will likely keep pet care in fee-for-service model. However, raising pet parent awareness creates opportunities for MGAs that differentiates in underwriting model and distribution channel. If you’re building in this space, reach out!

𝐏𝐄𝐓 𝐈𝐍𝐒𝐔𝐑𝐀𝐍𝐂𝐄 – 𝐓𝐇𝐀𝐓'𝐒 𝐏𝐀𝐒𝐒𝐄𝐃 𝐓𝐇𝐄 𝐎𝐁𝐄𝐃𝐈𝐄𝐍𝐂𝐄 𝐂𝐋𝐀𝐒𝐒! If you are considering underwriting Pet Insurance, speak to us first. Through our many years of experience in Pet insurance, we’ve applied our knowledge and developed functional and effective systems and software that make delivering this service way easier and far more manageable than before. For example, one of the notable criteria when offering Pet Insurance, is that pets go through a cycle of risk during their lives – and this is of key importance for Insurers. The cycle changes at various stages, and so the insurance package should follow suit and alter in relation to these changes. In a perfect (business) world, you need to know that your claims system will track these cycles, and in so doing, also cross-reference claims data to manage claims more effectively. 𝐈𝐬 𝐭𝐡𝐢𝐬 𝐞𝐯𝐞𝐧 𝐩𝐨𝐬𝐬𝐢𝐛𝐥𝐞? - 𝐘𝐞𝐬, 𝐛𝐞𝐜𝐚𝐮𝐬𝐞 𝐖𝐄 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐬𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐬𝐲𝐬𝐭𝐞𝐦𝐬 𝐭𝐡𝐚𝐭 𝐚𝐜𝐭𝐮𝐚𝐥𝐥𝐲 𝐝𝐨 𝐭𝐡𝐢𝐬. With our claims management systems in place, you can rest assured that your underwriting of pet cover will be accurate, and claims can be easily managed. (Just like the results you’d expect of obedience class!) 𝐒𝐩𝐞𝐚𝐤 𝐭𝐨 𝐮𝐬. To speak to us now: Connect with Scott Roberts, or email him at: scott@denisglobal.com For more information: sales@denisglobal.com or visit our website at : www.denisglobal.com The types of businesses we can support: (not limited to) - Insurers - MGA’s - Brokers - Employee Benefits Providers - Flex Benefit Providers - Employers and Employees - Human Resources Departments For more information: www.denisglobal.com #Denis #DenisGlobal #InsuranceSystems #InsuranceSoftware #PetInsurance #SimplifiedInsuranceSystems #UnderwritingSupport

Earlier this month, WINDTRE Assicurazioni announced the launch of their brand new pet insurance product, "Micio e Fido", on the Italian market. The new policy is provided by HDI Embedded, as part of the partnership with WINDTRE announced at the start of 2024.   This breakthrough entrance into the Italian pet insurance market will bring WINDTRE closer to their customers' needs and further prove HDI Embedded's insurance capabilities to the European market.   This most recent launch confirms the strategic importance of embedded insurance in providing the end customers with tailored and highly context complementary offers. In fact, the embedded insurance industry has been on an upward trajectory for the past months, and the growth isn't expected to stop just yet. According to Pragma Market Research and Business Consulting, the global market is estimated to reach $175.2 billion by 2030, with a compound annual growth rate (CAGR) of 11.63%.   It's great to witness the advancements made in the industry so far and get to experience the growth of embedded insurance first-hand through HDI Embedded!   By seamlessly integrating insurance coverage into the purchase journey of non-insurance-related products and services, end customers can get tailored insurance at the point of sale without a separate application process. This frictionless approach to insurance purchasing acts as a key differentiator for businesses offering embedded products and allows insurers to reach new customer audiences at the optimum stage of their customer journey.   For more insights on the growth rate of embedded insurance and the key predictions for the future of the sector, read the research below:   https://lnkd.in/djk-pN5y.   #HDIEmbedded #Insurtech #EmbeddedInsurance #Insurance #WINDTREAssicurazioni #MicioeFido #WINDTRE

Does your product prevent problems before they happen? Achieving traction with these products needs a different kind of strategy. I came across a new product yesterday that reminded me of my time at Ghostery, another preventative product suite aimed at protecting your privacy. The real challenge with preventative products lies in getting users to see the value of a solution for a problem they haven't experienced yet. Take pet insurance, for example. According to Forbes' 2024 Pet Insurance Statistic, only about 4% of dogs are insured and about 1% for cats. When something completely unexpected happens, the cost can be enormous, but by then it's too late. The solution is no longer getting insurance—it’s setting up a GoFundMe page. If users don’t feel the pain point, they will unlikely seek a preventive solution. So, 𝗵𝗼𝘄 𝗱𝗼 𝘆𝗼𝘂 𝗯𝘂𝗶𝗹𝗱 𝘁𝗿𝗮𝗰𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝗮 𝗽𝗿𝗲𝘃𝗲𝗻𝘁𝗶𝘃𝗲 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻? The key is focused messaging. ► 𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗖𝗼𝗻𝘁𝗲𝗻𝘁: Create content that educates your audience about potential risks and the importance of prevention. Blogs, webinars, and videos can be incredibly effective. ► 𝗖𝗮𝘀𝗲 𝗦𝘁𝘂𝗱𝗶𝗲𝘀: Share real-life examples of how your product has prevented significant issues for other customers. Success stories can be powerful. ► 𝗜𝗻𝗳𝗼𝗴𝗿𝗮𝗽𝗵𝗶𝗰𝘀: Visual content helps to illustrate the risks and the benefits of using your solution. Infographics can make complex information more digestible. ► 𝗜𝗻𝘁𝗲𝗿𝗮𝗰𝘁𝗶𝘃𝗲 𝗧𝗼𝗼𝗹𝘀: If possible, create tools that allow users to visualize their risk and see the potential benefits of your solution. Tools like savings calculators or risk assessment quizzes can engage users effectively. Promote these through channels like social media and closely monitor user interaction. This will inform you on what resonates most with potential users and can give you insights on if and where you need to pivot. Any other tips I might be missing here? Would love to read them in the comments. #ProductManagement #StartupGrowth #TechIndustry #ProductMarketFit #ProductMarketing

The world will function just fine without #pet #insurance aggregators. Aggregators mainly offer two things: awareness (knowing which companies offer pet insurance) and convenience (making the quoting process easier/quicker). These factors don't carry much weight in this space. By the time someone becomes a pet parent, they've usually done their research and found good recommendations for coverage (through friends or Twitter etc). Plus, getting pet insurance isn't complicated because most plans have similar rules and requirements, like your pet being older than 8 weeks. Last, getting quotes for pet insurance is already straightforward and fast. Going through this process with a few different providers isn't an issue.

Pet insurance is booming! Learn from WorldatWork how offering this benefit can boost employee satisfaction, reduce turnover, and enhance your company's reputation as a pet-friendly employer here: https://bit.ly/4bQE3vi #EmployeeBenefits #Benefits #TotalRewards #PetInsurance #Pets #Insurance #HumanResources #HRStrategy

One emerging trend for expanding employee benefits in 2024 is offering voluntary benefits like pet insurance. As more employees view their pets as integral parts of their families, companies are responding by providing pet insurance as a part of their benefits offerings. This additional benefit not only improves employee satisfaction but also signals a commitment to the overall well-being of the employee's family. Learn more about the voluntary benefits that impact employee retention: https://lnkd.in/gHrxaH5T #EmployeeBenefits #PetInsurance #WorkCulture #EmployeeSatisfaction

Aflac and Trupanion shift focus! After halting efforts in the Japanese pet insurance market, attention turns to expanding in North America. The decision follows a strategic assessment of market opportunities. https://hubs.la/Q02djxNT0 #AflacNews #TrupanionUpdate #PetInsuranceMarket #IndustryShift #MarketAssessment