FintechOS announced entering the pet insurance market

By Joy Dumasia

FintechOS, the global leader in high-productivity FinTech infrastructure to companies that offer financial services, announced its entry into the pet insurance space with 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 with significant growth due to COVID-19. FintechOS is helping insurers transition to data-driven, hyper-personalized experiences that switch the emphasis from pet insurance to pet wellness assurance to increase penetration into this valuable market. This will earn insurers greater customer loyalty, and those with a broader 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 managed through an integrated super app.   

Jonathan Philips, UK Insurance Sales Director, said: “95% of pet owners consider their pet a family member, according to the Harris Poll. 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 and products ready to launch on installation and can be 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.  

Recently, IBS Intelligence reported that FintechOS, a technology partner providing high-productivity FinTech infrastructure solutions for companies offering financial services, announced the launch of its accelerators for SME mobile lending and onboarding.