Metlife Pet Insurance Acquisition
Metlife says the acquisition will enable it to offer a new benefit that is growing in popularity. Metlife is acquiring pet health insurance administrator petfirst as the benefits, insurance and investment giant looks to leverage its position as a leader in the u.s.
The deal, which is to be sealed in the first quarter of 2020, will.
Metlife pet insurance acquisition. Beginning in the summer of 2020, metlife will. The deal, which is to be sealed in the first quarter of 2020, will provide metlife. Based on the number of members, it said in an investor call.
Petfirst currently distributes its pet insurance products through animal welfare agencies, direct to consumer channels and employers. Met has announced that it will acquire petfirst, a company providing insurance coverage for pets. The market is growing fast with spending of $18 billion on.
Group benefits by enabling the company to offer a new benefit that is growing in popularity. The acquisition will leverage metlife’s position as a market leader in u.s. Pet insurance acquisition of petfirst healthcare fits with strategy to widen offerings, boost sales as offices relax policies to allow dogs in the office.
Metlife to enter pet health insurance market with acquisition of petfirst january 1, 2020 admin metlife inc. Group benefits by enabling the company to offer a new benefit that is growing in popularity. The deal, which is to be sealed in the first quarter of 2020, will provide metlife instant access to the underpenetrated and rapidly growing pet insurance market.
The deal, metlife says, will leverage its position as a market leader in u.s. Metlife, a provider of insurance, annuities and employee benefit programs, issued the following news release:. Since 2014, the annual growth rate for the pet insurance industry has been more
Metlife plans to offer pet insurance to employers through its group benefits programs, starting in the summer of 2020. Pet insurance is growing in popularity as younger generations of workers put off having families and are instead opting for animal companions. Metlife pet insurance acquisition (4 days ago) 1 petfirst healthcare, llc, a metlife company, is the program administrator authorized to offer and administer pet health insurance policies underwritten by independence american insurance company, a delaware insurance company, with its main office at 485 madison avenue, ny, ny 10022.
The acquisition would make metlife the third biggest vision insurer in the u.s. Employer group benefits by enabling the company to offer pet insurance to its. Founded in 2004, petfirst currently administers insurance coverage on more than 40,000 pets.
Recent deals have added pet insurance, digital. Petfirst currently distributes its pet insurance products through animal welfare agencies, direct to consumer channels and employers. Starting from the summer of 2020, metlife will provide the pet insurance to employers via its group benefits distribution channel.
Petfirst is a leading pet health insurance administrator and we look forward to welcoming the talented petfirst team to the metlife family.” following the acquisition, petfirst will continue to. The acquisition will leverage metlife’s position as a market leader in u.s. Metlife, inc., and petfirst healthcare, llc, a pet health insurance administrator, have entered into a definitive agreement under which metlife will acquire petfirst.
Met has announced that it will acquire petfirst, a company providing insurance coverage for pets. (among the largest global providers of insurance, annuities, and employee benefit programs) recently announced that they have entered into a definitive agreement to acquire petfirst pet insurance which currently administers pet health. Group benefits by enabling the company to offer a new benefit that is growing in popularity.
The pet insurance policies offered by metlife 1 are priced individually according to pet type (dog or cat), age, gender, breed and location (zip code) of the pet. Met has announced that it will acquire petfirst, a company providing insurance coverage for pets. Metlife said that the annual growth rate for the pet insurance industry has been over 20% since 2014.
The pricing for the new pet insurance offering by metlife 1 is designed to be simple and customized so that we can offer pricing that is customized to the pet’s risk profile. The acquisition will leverage metlife’s position as a market leader in u.s. Since 2014, the annual growth rate for the pet insurance industry has been more than 20 percent.
