Redefining an Industry, Trupanion Marks 20 Years of Innovation and Customer Trust

SEATTLE, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Founded in 2000 with the input and support of veterinarians, veterinary professionals, and pet owners, Trupanion (TRUP), a leader in medical insurance for pets, this month celebrates 20 years since it insured its first pet.

The first pet insured under a Trupanion (TRUP) policy was Monty, the adopted dog of Founder and CEO, Darryl Rawlings. Today, Trupanion (TRUP) is helping the owners of nearly 530,000 pets budget and care for their pet’s unexpected accidents and illnesses.   

“When I set out, my goal was to create a company that was valuable to pet owners, their pets, and veterinarians,” said Darryl Rawlings, founder and CEO of Trupanion (TRUP). “Those early days were pretty tough – launching a totally new approach to insurance that many thought couldn’t work with just me, my dog and one other team member on a boat off the coast of British Columbia.”

From those humble beginnings, Trupanion (TRUP) is still inspired to do things differently and has grown to nearly 1,000 team members and Territory Partners providing the best user experience for its members and ensuring the best veterinary care throughout the U.S., Canada and Australia.

As the only single line medical insurance provider for pets, Trupanion (TRUP) was built from the ground up and has revolutionized the industry. In addition to offering the highest quality product and unequalled 24/7/365 customer support, Trupanion (TRUP) is the only provider with patented software that can pay claims directly to the veterinarian at the time of check-out, often within seconds.

The Seattle-based company recently reached the $1 billion in paid claims milestone, with nearly one-third of that paid directly to veterinary hospitals at the time of invoice. Over the past 20 years, more than 1.3 million Trupanion (TRUP) pets have benefited from the best veterinary care, visiting veterinary hospitals over 3 million times.

For 20 years Trupanion (TRUP) has been all about helping pets – it’s in its DNA. Trupanion’s team is made up of dedicated staff veterinarians, vet techs, data scientists and other pet health professionals. In 2015, Trupanion (TRUP) founded Veterinary Appreciation Day to recognize the important work of veterinary professionals around the globe. In addition, Trupanion’s Chief Veterinary Officer, Dr. Steve Weinrauch, founded MightyVet, a nonprofit, industry-wide platform to support veterinary professionals in their career and well-being.

“The backbone of the company remains our team members, the veterinary professionals in the field, and our members and their pets and I couldn’t be more proud of what we’ve accomplished together over the past 20 years,” added Rawlings.

About Trupanion (TRUP)
Trupanion (TRUP) is a leader in medical insurance for cats and dogs throughout the United States and Canada with nearly 530,000 pets enrolled. For over two decades, Trupanion (TRUP) has given pet owners peace of mind so they can focus on their pet's recovery, not financial stress. Trupanion (TRUP) is committed to providing pet owners with the highest value in pet medical insurance with unlimited payouts for the life of their pets. Trupanion (TRUP) is listed on NASDAQ under the symbol "TRUP". The company was founded in 2000 and is headquartered in Seattle, WA. Trupanion (TRUP) 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.

Contact:
Media
Michael Nank
michael.nank@trupanion.com
206.436.9825

Investors
Laura Bainbridge, Head of Corporate Communications
InvestorRelations@trupanion.com
206.607.1929

 


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Source: Trupanion (TRUP)

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