About Embrace Pet Insurance
Embrace Pet Insurance provides insurance services in the pet care industry. The company offers insurance policies for pets, covering a range of health issues including accidents, illnesses, dental work, and prescriptions. It also provides wellness plans for routine health care such as vaccinations and annual checkups. It was founded in 2003 and is based in Beachwood, Ohio. In November 2023, Embrace Pet Insurance was acquired by JAB Holding Company.5B.
Expert Collections containing Embrace Pet Insurance
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Embrace Pet Insurance is included in 2 Expert Collections, including Insurtech.
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest Embrace Pet Insurance News
Nov 29, 2023
NSM Insurance Group , a Carlyle company, is selling Embrace Pet Insurance to JAB Holding Company . This deal marks a new chapter for Embrace Pet Insurance, a company co-founded by Ambrish Jaiswal and Laura Bennett in 2003, and acquired by NSM in 2019. Embrace Pet Insurance, known for its pet policies underwritten by American Modern, a Munich Re company, attracts an average of 913,802 monthly visitors to its site. This is partly due to its affinity relationships with carriers such as GEICO and USAA. However, a recent shift has occurred, with GEICO now directing pet prospects not only to Embrace but also to Trupanion. JAB is the parent company of Independence Pet Group that operates various consumer-facing brands like PetPartners, Felix and Toto. IPG recently secured an underwriting agreement with Pets Best, a company whose policies were previously solely underwritten by Trupanion. In a notable development, it was reported yesterday that Pets Best has been acquired from Synchrony by an affiliate of Independence Pet Holdings (a subsidiary of JAB) in a transaction valued at $750 million . JAB has expanded its portfolio with the acquisition of more than 14 pet-related companies across North America and Europe, indicating a blend of organic and inorganic growth strategies. Meanwhile, publicly traded pet companies like Trupanion and Lemonade have primarily concentrated on organic growth methods. However, Trupanion has made some forays into acquisitions, taking over European businesses PetExpert and Pet Smart Paws. Additionally, Trupanion introduced two affordable, direct-to-consumer pet brands, Furkin and PHI Direct that for now operate in Canada. However, these two entities have not yet achieved scale . Share this A really good email covering top news. Leave this field empty if you're human: Related Posts
Embrace Pet Insurance Frequently Asked Questions (FAQ)
When was Embrace Pet Insurance founded?
Embrace Pet Insurance was founded in 2003.
Where is Embrace Pet Insurance's headquarters?
Embrace Pet Insurance's headquarters is located at Beachwood.
What is Embrace Pet Insurance's latest funding round?
Embrace Pet Insurance's latest funding round is Acquired - II.
How much did Embrace Pet Insurance raise?
Embrace Pet Insurance raised a total of $4.33M.
Who are the investors of Embrace Pet Insurance?
Investors of Embrace Pet Insurance include JAB Holding Company, NSM Insurance Group, NCT Ventures, JumpStart, OCA Ventures and 3 more.
Who are Embrace Pet Insurance's competitors?
Competitors of Embrace Pet Insurance include Pets Best Insurance, Wagmo, Dalma, Fetch, PetFirst Healthcare and 7 more.
Compare Embrace Pet Insurance to Competitors
Fetch focuses on pet wellness, specifically in the pet insurance industry. The company offers comprehensive pet insurance coverage for cats and dogs, which includes coverage for injuries, illnesses, prescription medications, emergency vet visits, surgeries, and more. The company primarily serves pet owners. Fetch by The Dodo was formerly known as Petplan. It was founded in 2003 and is based in Newtown Square, Pennsylvania.
AKC Pet Healthcare provides benefits for covered veterinary services including surgery, hospitalization, diagnostic and laboratory tests, X-Rays, CT scans, MRIs and prescription medications. The company also offers four plans for both Accidents and Illnesses at different levels of protection.
VPI Pet Insurance is a company that specializes in pet insurance within the financial services industry. The company offers insurance plans that cover wellness, illness, and emergency care for pets, allowing pet owners to receive reimbursements for eligible veterinary costs. The company primarily serves pet owners. It is based in Brea, California.
Pets Best Insurance provides pet insurance services in the insurance industry. The company offers insurance plans for dogs and cats, covering a wide range of incidents from accidents and illnesses to routine care and wellness visits. The primary customers of Pets Best Insurance are pet owners. It was founded in 2005 and is based in Altamonte Springs, Florida. In November 2023, Pets Best Insurance was acquired by Poodle Holdings. The valuation of the deal was not disclosed but Synchrony revealed they had made a gain of $750M.
ASPCA Pet Health Insurance is a company that focuses on providing insurance services in the pet care industry. The company offers insurance plans that cover a range of pet health needs, including accidents, illnesses, hereditary conditions, and behavioral issues. The primary customers of ASPCA Pet Health Insurance are pet owners seeking financial protection for their pet's health expenses. It is based in Canton, Ohio.
Pet Health Insurance is a company focused on providing insurance services in the pet care industry. The company offers insurance plans that cover a variety of incidents, from minor to serious, that could occur in a pet's life, including accidents, illnesses, hereditary conditions, behavioral issues, and dental diseases. The company primarily serves pet owners. It is based in Canton, Ohio.