CHICAGO, April 21, 2015 /PRNewswire/ -- FIGO Pet Insurance is proud to announce that after raising $3.9 million in private investments and emerging from Chicago's 1871 technology hub, it has officially launched its innovative pet insurance and lifestyle services into the marketplace. FIGO Pet Insurance will initiate it's national rollout, starting with California, and each state across the U.S. throughout the remainder of 2015.
According to the 2013-2014 APPA National Pet Owners Survey, 68% of U.S. households own a pet, amounting to more than 150 million dogs and cats across the country. The North American Pet Health Insurance Association estimates that less than 1% of household pets are insured, making pet insurance an untapped market that is growing fast. Employers have also recognized its popularity; Benefit Selling Magazine reported one in three Fortune 500 companies offered pet insurance as a supplemental employee benefit in 2013. FIGO has harnessed this opportunity to innovate the pet insurance industry, through intuitive technology that addresses pet care convenience through every aspect of its brand.
Helping pet parents increase the level of care for their pets, FIGO will offer a suite of tools and services beginning with FIGO Pet Insurance. Underwritten by the Markel Corporation, a Fortune 1000 Company based in Virginia and founded in 1930 that is the holding company for a number of insurance and investment operations around the world; receiving high marks for financial stability including A.M. Best Company Financial Strength "A Excellent" in Category XIV and the Fitch Insurer Financial Strength Rating "A Strong", FIGO Pet Insurance will offer exceptional pet health coverage at three levels categorized as:
Essential, providing up to $10,000 of annual veterinary benefits
Preferred, providing up to $14,000 of annual veterinary benefits
Ultimate, providing unlimited annual veterinary benefits.
In addition, FIGO will leverage the power of cloud technology introducing an industry-first to FIGO Pet Insurance subscribers, the FIGO Pet Cloud, designed to manage a pet's entire life all in one place. Accessible via FIGO's smartphone app or website, pet parents will have access to all their pet's certificates and records, medical history, a GPS pet tracking device, pet related businesses and parks, social pet profiles and more.
The FIGO Pet Cloud will allow subscribers to keep their pet's life all in one place including:
Insurance Claim Filing: Make convenient FIGO Pet Insurance claims from anywhere through the FIGO Pet Cloud mobile app or website.
FIGO Pet Tag Registration: Pets receive a FIGO Pet Tag after subscribing to FIGO Pet Insurance. This tag has a unique ID registered to the pet that can be used to notify friends and family their pet has been found via text, in the event they should wander from their parent.
Inbox and Docs: Subscribers are given a unique email @MyPetCloud.com to easily communicate, share, and receive pet related communications and documents.
Pet Record Management: Subscribers are able to upload documents (vital records, important certificates, and favorite moments) directly into your pet cloud from any device via your pet's unique email. Share any of these documents any time directly from the FIGO Pet Cloud.
Pet Alerts: The FIGO Pet Cloud will let you know when the important stuff like shots and annual vaccinations are due via text message, email or phone alerts.
Pet-Friendly Space Finder: Find any number of pet-friendly services including parks, groomers, pet hotels, daycares, and more directly from the FIGO Pet Cloud.
"With FIGO, we were able to identify a crucial pet need, and in turn, an opportunity within the industry, to now provide pet parents with the online tools and personalized offerings that they deserve," said, Rusty Sproat, President and CEO, FIGO Pet Insurance. "FIGO is all about making life easier for people and their pets. We do this through our products, which are pet insurance and technology. Thus, allowing pet parents to focus on the best part of being an owner: enjoying their pet."
Through its comprehensive pet health and cloud technology, FIGO is offering pet owners an unrivaled experience, to ultimately enhance the relationship a person has with their pet, so they can easily live happier and healthier lives together.
For more information regarding FIGO, and its wealth of pet insurance services, visit: http://www.FigoPetInsurance.com
SOURCE FIGO Pet Insurance