British fintech service Revolut has launched pet insurance

2022-05-08 0 By

On February 2, 2022, British fintech service giant Revolut announced the launch of pet insurance.The number of pets has increased significantly since the coronavirus outbreak, Revolut says, with pet insurance markets in the UK and Europe particularly expected to see future growth.Revolut’s pet insurance, which users can learn about and buy via Revolut APP, will initially be available for cats and dogs, and prices will vary depending on your pet’s breed, age, sex, location, etc.Revolut will offer users a choice of three subscription plans — “gold”, “silver” and “bronze” — with a guaranteed veterinarian bill capped at £10,000 a year, covering items such as accidental dental injuries, medical care abroad, and free 24-hour online vet consultations.This is not Revolut’s first foray into the insurance market.The fintech giant, which has nearly 4 million UK users, has previously launched travel insurance, shopping protection and other insurance services.Pet insurance will be one entry point for Revolut into the insurtech market, with plans to launch more standalone insurtech products in the future.