by samantha_ashenhurst | February 13, 2023 12:04 pm
A 12-year-old miniature long-haired Dachshund named Oliver has helped pet insurance provider Trupanion surpass US$2-billion in veterinary invoices processed.
The pooch, who resides in Ontario, was treated for gastroenteritis on Dec. 28, 2022, with the veterinary emergency hospital paid directly at the time of checkout.
In 2020, the company reached US$1 billion paid out in veterinary invoices—a milestone achieved in the span of 20 years. Since then, its population of insured pets has increased to more than 800,000.
In the past three years alone, Trupanion reports it has paid out approximately US$29 million per month to veterinarians and pet owners.
“For Oliver, and all of the other dogs and cats out there, we will continue to work tirelessly 24-7, 365, to always be there when we’re needed for years to come, making budgeting for the unexpected cost of care possible for generations of pets and their pet parents,” says Trupanion’s president, Margi Tooth.
“We are at our best when paying invoices on behalf of our members and reaching US$2 billion in paid claims is a milestone that no other provider has reached quicker than us,” she continues. “We look forward to helping even more pet parents budget for veterinary care if and when their pet becomes sick or injured.”
To date, the largest single payout for a Trupanion member’s pet is US$81,000 for the treatment of aspiration pneumonia in an English bulldog.
Source URL: https://www.veterinarypracticenews.ca/us2-billion-milestone-surpassed-by-insurance-provider/
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