Hyderabad, NFAPost: Cover Genius, a global insur-tech leader, announced the expansion of its comprehensive pet insurance products into India, along with its partnership with PetPal, one of India’s leading online pet suppliers.
The expansion is aimed at addressing the increased demand for pet insurance in the country, and at the same time, solving issues around access to tailored pet protection products.
With India now home to almost 19 million pets, the demand for pet insurance for pet products has increased significantly in recent years. The expansion of the company’s pet insurance offering into India is aimed at addressing this increased demand and also solving current issues around accessibility.
The insurtech’s partnership with PetPal will provide pet owners in India access to tailored protection for all types of situations – including illness, accidents, dental, and travel – through its personalised approach to pet insurance.
The company’s partnership with PetPal will give the online pet supplier access to Cover Genius’ XCover platform which enables the world’s largest retailers to sell regulated insurance and warranties in more than 60+ countries and 50 US states. Cover Genius will provide PetPal’s customers with comprehensive protection across a wide range of scenarios.
Cover Genuis’ Managing Director Arijit Chakraborty said the company continue to see incredible growth in the number of pet owners in India.
“But insurance products to protect pets remain largely inaccessible to owners and inadequate when it comes to the level of protection they offer,” said Cover Genuis’ Managing Director Arijit Chakraborty.
PetPal CEO Srivatsava Gorthy said partnering with Cover Genius allows pet owners in India to not only purchase coverage that’s suited to their pets needs but also to avoid large out of pocket expenses in the unfortunate event of their pet’s illness or injury.
The announcement comes as the company continues to grow its reach into the retail, travel, fintech, logistics, automotive, mobility, business services and gig-economy sectors within Asia and India.
It’s partners in those verticals now include some of the largest ecommerce businesses in the world including Booking Holdings, eBay and ShipStation.