Entrepreneur Magazine Names Petplan One of the “Best Entrepreneurial Companies in America”
Petplan gets top-dog recognition for turning the pet insurance industry on its tail
Newtown Square, PA (October 25, 2016) – Petplan, North America’s best-loved pet insurance provider, is delighted to announce that they have been named one of the “Best Entrepreneurial Companies in America” by Entrepreneur magazine’s 2016 Entrepreneur 360™ List. This top-dog recognition was awarded as the result of a comprehensive analysis of private companies in America, and distinguishes Petplan as a well-rounded company that has mastered a balance of impact, innovation, leadership and growth.
Petplan ranked 12th, was the only pet insurance company and was the highest ranking Philadelphia-based company on the list. Click here to see the entire list.
“We are delighted to have been selected to this list that truly represents the best of the American entrepreneurial spirit”, says Natasha Ashton, co-founder and co-CEO of Petplan. “Ten years ago, our own cat, Bodey, inspired us to give pet parents the very best protection after she fell ill. Since then, our mission to put pets first has remained at the heart of our growth. We’ve grown from $0 to $100 million in gross written premiums, paid out over $150 million in claims, insured over 500,000 pets and donated over $1 million to Petplanthropic causes across North America.”
“Our annual evaluation offers a 360-degree analysis of the current private-business landscape”, explains Lisa Murray, Chief Insights Officer of Entrepreneur Media, Inc. “Top performers are determined by how well-rounded they are in four key areas: impact, innovation, growth and leadership. Entrepreneurship is a complex endeavor — this listing recognizes those who have mastered the challenge and are thriving this year.”
Innovation is a key driver that keeps Petplan at the head of the pack. The company recently joined paws with a new underwriting partner, XL Specialty Insurance Company, which carries the rating of A+ by S&P, and re-launched their pet insurance products in the United States and Canada.
While Petplan has been a pioneer in establishing industry standards, like protecting pets of all ages and covering hereditary and chronic conditions as standard, the company’s latest policy offerings break new ground by introducing the first fully customizable pet insurance plan. As is fitting for Petplan’s mission, these new initiatives allow pet parents to create a plan that works for their budget and gets their pet the coverage they need during a time when spending on veterinary care is at an all-time high (an estimated $15.92 billion this year alone, according to the American Pet Products Association).
“We are always seeking ways to evolve in favor of pets and pet parents”, says Petplan co-founder and co-CEO Chris Ashton. “Our latest initiatives give them personalized coverage while accommodating their budgets, all in addition to the features that help them when they need it most, such as our 24/7 in-house customer service center and smartphone app for submitting claims. We are committed to providing them with the tools and product they need to keep pets healthy.”
To learn more about Petplan pet insurance, visit www.gopetplan.com.
For additional details on the Entrepreneur 360 List and the companies recognized, visit: entrepreneur.com/360 companies
Petplan has built the industry’s leading pet insurance for pet parents who demand a higher pedigree of care for their best friends. We’ve leveraged 40 years of global experience to create completely customizable coverage pet parents can feel confident in, and world-class claims service that operates 24 hours a day, every day.
Petplan’s innovative approach to pet insurance has been recognized by Forbes, Financial Times, Bloomberg, Inc. magazine, Smart CEO, the Communicator Awards, Ernst & Young and many others.
Petplan policies are underwritten in the U.S. by AGCS Marine Insurance Company, a member of the Allianz Group (rated A+ A.M. Best), and XL Specialty Insurance Company; and in Canada by XL Specialty Insurance Company-Canadian Branch. XL Specialty Insurance Company is rated A+ by S&P as of 2017. Coverage may not be available in all jurisdictions. For more information about Petplan pet insurance, visit www.gopetplan.com or call 1-866-467-3875.
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