Trupanion Launches in Australia, Marking Its Expansion Outside of North America

SEATTLE, May 03, 2019 (GLOBE NEWSWIRE) -- Trupanion (NASDAQ:TRUP), a leader in medical insurance for cats and dogs in the U.S. and Canada, announced today its expansion into Australia. The Australia launch is the first major overseas move for Trupanion outside of North America.

"This is another important milestone in the history of our company," said Darryl Rawlings, chief executive officer and founder of Trupanion. "We're excited to offer our unique coverage to pet owners ‘down under'."

The Trupanion model is fundamentally different, developed in partnership with veterinarians and at its core, the love of pets. The product has been built with input from veterinarians, and has a successful 20-year history, insuring more than 500,000 pets in the U.S., Canada and Puerto Rico.

"In North America, we continue to see the growth in insured pets rise as pet owners understand the value of high-quality medical insurance for their pets," said Rawlings. "With only six percent of pets in Australia currently insured, we look forward to introducing our product and helping educate pet owners on the value and importance of insuring their pets with high-quality coverage."

"We remain committed and deep-rooted to the veterinary industry and are happy that Dr. Stephen Rose, DVM, will lead the charge for Trupanion Australia as our general manager," said Rawlings. "He is passionate about pet health, and will lead our efforts to reach pet owners with a product that is dramatically different from current offerings so that we can take better care of the pets we love."

Protecting pets in Australia was a key focus for Dr. Rose, who scoured the best pet insurance offerings worldwide for a product that would make a real difference to both pets and their loving families. "Trupanion stands out not only for the incredible benefits, but the way it can assess and pay a claim sometimes within seconds," said Dr. Rose. "The company has a soul, love and energy just like the pets it protects."

"Partnering with Dr. Stephen Rose enables us to expand into Australia while maintaining our focus on the North American market," continued Rawlings. "We are now insuring more than a half million pets in the U.S. and Canada, while maintaining our commitment to serving our members with our continued commitment to unparalleled care and customer service."

Trupanion Australia is a partnership between Trupanion and Hollard Insurance Company.

For more information, visit trupanion.com.au. 

About Trupanion

Trupanion is a leader in medical insurance for cats and dogs throughout the United States and Canada. For almost two decades, Trupanion has given pet owners peace of mind so they can focus on their pet's recovery, not financial stress. Trupanion is committed to providing pet owners with the highest value in pet medical insurance with unlimited payouts for the life of their pets. Trupanion is listed on NASDAQ under the symbol "TRUP". The company was founded in 2000 and is headquartered in Seattle, WA. Trupanion policies are issued, in the United States, by its wholly-owned insurance entity American Pet Insurance Company and, in Canada, by Omega General Insurance Company. For more information, please visit trupanion.com.

About Hollard

Hollard is a leading A- rated Australian Insurer (rating provided by AM Best), with deep pet insurance experience.

Media:

Scott Janzen

Trupanion

scott.janzen@trupanion.com