Bindable Partners with Pets Best Insurance: A New Era for Pet Insurance Distribution
In a significant move for the pet insurance industry, Bindable, a leading provider of insurance distribution technology and services, has announced a strategic partnership with Pets Best Insurance Services, LLC, a top-tier pet insurance provider. This collaboration aims to enhance the accessibility and distribution of pet insurance products through Bindable’s extensive network, which includes major carriers, brokers, affinity groups, and insurance-adjacent businesses.
Streamlined Access to Pet Insurance Products
One of the standout features of this partnership is the introduction of a streamlined digital quoting experience for consumers. Bindable’s robust distribution network will now have direct access to Pets Best’s protection products, making it easier for pet owners to obtain insurance coverage for their furry companions. This user-friendly digital experience is designed to simplify the process of comparing and purchasing pet insurance, ultimately encouraging more pet owners to consider coverage.
Additionally, agents will benefit from direct access to Pets Best products through Policy Crusher, Bindable’s licensable customer relationship management tool. This tool serves as a comparative rater and cross-sell engine, enabling agents to efficiently offer a range of insurance options to their clients. The integration of Pets Best products into this platform is expected to enhance agents’ ability to meet the diverse needs of pet owners.
Addressing the Pet Insurance Protection Gap
The partnership comes at a crucial time, as the pet insurance market in the United States is still in its infancy compared to the number of households that own pets. According to the American Veterinary Medical Association, approximately 62 million U.S. households have at least one dog, and 37 million have at least one cat. However, a report from the North American Pet Health Insurance Association reveals that only 5.68 million pets in the U.S. are insured. This stark contrast highlights a significant protection gap that Bindable and Pets Best aim to address through their collaboration.
Jean-Marie Lovett, president of Bindable, emphasized the importance of this partnership in closing the protection gap. “Our product-agnostic platform means we can offer a wide range of market-leading providers and products to serve the diverse needs of our vast B2B2C distribution network,” Lovett stated. He expressed confidence that the addition of Pets Best to Bindable’s product lineup will not only drive additional revenue but also strengthen customer relationships for both agencies and their clients.
Leveraging Technology for Enhanced Consumer Experience
Pets Best is known for its innovative approach to pet insurance, leveraging API capabilities and digital innovations to meet the needs of today’s pet parents. Melissa Gutierrez, CEO of Pets Best, highlighted the importance of this partnership in enhancing their go-to-market strategy. “With decades of experience and proven technology, we knew Bindable was the right partner to enhance our go-to-market strategy,” Gutierrez said. She emphasized that Bindable’s direct access to preferred channels will significantly aid in advancing Pets Best’s mission to provide coverage to as many pet owners as possible.
The collaboration between Bindable and Pets Best is a testament to the growing recognition of the importance of pet insurance. As more pet owners seek financial protection for their pets’ health, the demand for accessible and comprehensive insurance products is likely to increase. This partnership positions both companies to capitalize on this trend and contribute to the overall growth of the pet insurance market.
Conclusion
The partnership between Bindable and Pets Best Insurance Services marks a pivotal moment in the pet insurance landscape. By combining Bindable’s extensive distribution network with Pets Best’s innovative products, the two companies are poised to make pet insurance more accessible to millions of pet owners across the United States. As they work together to close the protection gap, pet owners can look forward to a more streamlined and user-friendly experience when seeking coverage for their beloved companions. This collaboration not only promises to enhance revenue for agencies but also aims to foster stronger relationships between agents and their clients, ultimately benefiting the health and well-being of pets nationwide.