PetSmart Partners with Healthy Paws for Pet Insurance Coverage in North American Territory
In a move to make pet insurance more convenient for pet owners, Chubb's subsidiary, Healthy Paws, has partnered with PetSmart. This collaboration aims to integrate Healthy Paws' accident and illness coverage into the PetSmart shopping experience [1].
PetSmart customers can now easily access and enroll in pet insurance plans directly via the PetSmart website [2]. The plans feature no limits on annual or lifetime payouts, rapid claims processing, and a mobile-friendly claims submission process [3].
Rob Pace, Senior Vice President of Veterinary Health Services at PetSmart, and Alex Faynberg, Executive Vice President of Healthy Paws, have both expressed enthusiasm about the partnership [4]. They share a common goal of enhancing pet well-being and supporting pet parents throughout their pets' life stages.
The new division created by this partnership is aimed at providing insurance solutions for small and lower mid-market businesses in the U.S. market [6]. This move is part of Chubb's ongoing efforts to innovate and grow its business.
For pet parents, this partnership offers peace of mind by guarding against unforeseen veterinary health expenses and making pet insurance more convenient to access at a trusted retail destination [5]. It empowers animal lovers to protect their pets like family and safeguard against life's unforeseen health challenges.
Additionally, Chubb has announced a definitive agreement to acquire Healthy Paws, a U.S.-based pet insurance MGA, from Aon plc [7]. The company is also expanding its presence in various segments of the insurance market.
Chubb, Zurich North America, and National Indemnity have also announced a new excess casualty facility offering up to $100 million in lead excess casualty insurance capacity [8]. This new facility is unique in the market and is available on a claims-made basis for large national and multinational companies.
More information on Healthy Paws pet insurance can be found on PetSmart's website (petsmart.com/pet-insurance) [9].
[1] https://www.chubb.com/news/2021/05/chubb-healthypaws-partners-with-petsmart [2] https://www.chubb.com/news/2021/05/chubb-healthypaws-partners-with-petsmart [3] https://www.chubb.com/news/2021/05/chubb-healthypaws-partners-with-petsmart [4] https://www.chubb.com/news/2021/05/chubb-healthypaws-partners-with-petsmart [5] https://www.chubb.com/news/2021/05/chubb-healthypaws-partners-with-petsmart [6] https://www.chubb.com/news/2021/05/chubb-creates-new-north-america-small-lower-midmarket-division [7] https://www.chubb.com/news/2021/05/chubb-to-acquire-healthypaws-us-based-pet-insurance-mga-from-aon-plc [8] https://www.chubb.com/news/2021/05/chubb-zurich-north-america-and-national-indemnity-announce-new-excess-casualty-facility [9] https://www.petsmart.com/pet-insurance
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