Embrace Pet Insurance
Pet insurance provider.
| Date | Investors | Amount | Round |
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| N/A | €0.0 | round | |
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| investor | €0.0 | round | |
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* | $1.5b Valuation: $1.5b | Acquisition | |
| Total Funding | 000k | ||
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Embrace Pet Insurance offers comprehensive and customizable insurance plans for dogs and cats across the United States. The company's primary service is providing accident and illness policies, which can be tailored with various annual maximums, deductibles, and reimbursement percentages. This flexibility allows pet owners to create a plan that fits their budget and their pet's needs.
Beyond standard insurance, Embrace features a Wellness Rewards program. This is a non-insurance add-on that reimburses for routine and preventative care, such as vet check-ups, vaccinations, and grooming, funded by an annual allowance chosen by the policyholder. The business model is based on monthly or annual premiums paid by customers. The company generates revenue through the sale of these insurance policies. In 2023, Embrace was acquired by JAB Holding Company, a global investment firm, which indicates a strong market position and potential for future growth.
Keywords: pet insurance, accident and illness coverage, wellness rewards, customizable plans, veterinary care, pet health, insurance premiums, US market, JAB Holding Company, animal insurance