Business
Trupanion Launches Signature Medical Insurance Product in Europe
Launches high-value product in Germany & Switzerland with capability to pay veterinarians directly SEATTLE, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Trupanion, Inc.
About this update from Trupanion, Inc.
[{"type":"text","content":"Launches high-value product in Germany & Switzerland with capability to pay veterinarians directly\nSEATTLE, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Trupanion, Inc. (Nasdaq: TRUP), the leading global provider of medical insurance for cats and dogs, announced today the official launch of its high-quality Trupanion product in Germany and Switzerland. The launch follows the Company’s expansion to Continental Europe in 2022 with the acquisition of two rapidly growing pet insurance companies with strong expertise in the region. “We’re excited to celebrate this major milestone and offer German and Swiss pet parents and their 29 million pets the unrivaled protection of Trupanion,” said Margi Tooth, CEO at Trupanion. “The launch of our Trupanion product in Continental Europe marks a significant step forward in our international expansion efforts, a key tenet of our 60-month plan, and opens the opportunity for us to distinguish Trupanion’s unique, high-value product within the marketplace.” Simon Wheeler, EVP International at Trupanion, added, “With low levels of pet insurance penetration in Continental Europe, we see a long runway for growth for our high-value Trupanion product. Similar to our market-leading product in North America currently covering over 900,000 pets, we believe our Trupanion product in Germany and Switzerland provides pet parents with true lifetime, transparent coverage in the marketplace.” Trupanion’s comprehensive product is uniquely designed for the lifetime of the pet. The product also covers all eligible unexpected accidents and illnesses (including congenital and hereditary conditions, conditions developed before birth or that a breed is prone to) and has no breed and age limitations or stipulations, a rarity in the two markets. Trupanion aims to revolutionize the claims process entirely, utilizing patented technology to pay the veterinarian directly through a fast, simple and transparent process. Trupanion’s progressive integration with leading veterinary software platforms and online veterinary portal will enable increasing volumes of veterinary invoices paid directly to the veterinarian, eliminating the need for traditional reimbursement to pet parents. “With Trupanion’s veterinarian direct pay feature, the need to file a traditional claim for reimbursement later will disappear. Removing the burdensome processes ...