APOLLO Launches Pet Insurance Product

APOLLO Launches Pet Insurance Product
APOLLO Insurance, the Canadian digital insurtech and pioneer in the emerging embedded finance sector, has announced a new partnership with Petsecure to offer pet insurance to its tens of thousands of customers.

Founded in 2019, APOLLO provides Canadian consumers with digital insurance products and has partnered with leading REITs, property management companies, and other organisations to embed insurance products into existing workflows. APOLLO integrates the insurance purchase experience into leasing and renewal processes.

Jeff McCann, APOLLO’s Founder and CEO, commented: “Pets are an integral part of our customers’ lives, and unexpected vet costs can be crippling. With pet ownership steadily increasing in Canada and expected to reach 28.5 million pets by 2025, offering pet insurance alongside our core offering of tenant insurance will make life easier for Canadian pet owners.”

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“We’re thrilled to be partnering with Petsecure to provide our customers the peace of mind that they can get their pets back to their happy, healthy selves without worrying about the financial burden of care when treatment is needed,” he added.

Petsecure provides comprehensive coverage for pets, including diagnostics, X-rays, hospitalisation, surgery, medication, and more. With flexible plans tailored to each family’s needs, Petsecure’s insurance is designed and backed by veterinarians across Canada.

Raegan Ahlbaum, AVP of Petline Operations, said: “APOLLO’s digital-first approach makes them an ideal partner for Petsecure. This partnership will bring pet insurance to more families, helping them invest in their pet’s health and well-being.”

In 2022, APOLLO became the first insurer in Canada to integrate with Yardi, enabling instant insurance transactions and automating compliance, with real-time tracking and alerts for property managers. Earlier in 2024, APOLLO launched FinShore, a wholly-owned buy now, pay later (BNPL) subsidiary, to provide a fully embedded monthly payment option for their customers.

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