The latest from FintechOS, who have announced their entry into the pet insurance space;
FintechOS has launched its newest Accelerator, empowering insurers to offer hyper-personalized pet cover to a market worth over USD 7 billion.
FintechOS has developed its new Accelerator to empower insurers to offer tailored pet insurance to a market that has seen significant growth due to COVID-19. To increase penetration into this valuable market, FintechOS is helping insurers to transition to data-driven, hyper-personalized experiences that switch the emphasis from pet insurance to pet wellness assurance. This will earn insurers greater customer loyalty, and those with a wider portfolio can leverage this to drive informed cross- and up-sell opportunities.
Using the Accelerator, insurance customers can upload the details of their pet, including photos, to customize and tailor their experience and their cover. Furthermore, customers can combine multiple pet insurance policies for different pets under one account that can be managed through an integrated super app.
“95% of pet owners consider their pet a family member, according to the Harris Poll.,” said Jonathan Philips, UK Insurance Sales Director. “Protecting your pet is a personal matter and customers are demanding a personalized experience from their insurers. We’ve worked hard to create a product that empowers insurers to enter this lucrative and growing digital space.”
The pet insurance Accelerator brings further innovations to the award-winning FintechOS platform. FintechOS’ Northstar insurance product empowers insurers to take advantage of digital innovation without the need to upgrade their existing infrastructure. The platform includes ready-made accelerators, products that are ready to launch on installation, and can be completely configured and tailored to insurer needs.
Utilizing Accelerators within the FintechOS platform enables companies offering financial services to launch the products customers are demanding as soon as the need arises. Empowering FintechOS clients to build the future of financial services and insurance.