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Trupanion Launches in Australia with a No Payout Limit, 24/7 Insurance Plan to Disrupt Australian Pet Insurance Market

SYDNEY, Australia, April 30, 2019 (GLOBE NEWSWIRE) -- Trupanion (NASDAQ:TRUP), a leader in medical insurance for cats and dogs in the U.S. and Canada, has launched into Australia, looking to disrupt the Australian pet insurance market.

Launching into the Australia market is the first expansion outside of North America for the Seattle-based company. Experienced Veterinarian and General Manager Dr. Stephen Rose will lead the company into the Australian marketplace.

The Trupanion model is fundamentally different, created by strong collaboration from veterinarians from North America and now Australia, insuring more than 500,000 cats and dogs across the U.S., Canada and Puerto Rico.

“We now have a product that allows pets to be treated the way they deserve and that takes away the stress and guess work for families trying to budget for their pet’s health needs,” said Dr. Rose. “With my 18 years in vet hospitals in Australia, seeing families torn in making emotional financial decisions was pretty hard. That is why I have designed one simple to understand plan with no payout limits, 90% co-pay of eligible claims and an end to end way to care for our members 24/7/365 - this is where the real difference will be, to be there when our members and their pets need us.”

“Trupanion stands out alone, not only for the incredible benefits, but the way it can assess and pay a claim sometimes within minutes through the GapOnly platform,” said Dr. Rose. “The company has a soul, love and energy just like the pets it protects.”

“We will be here for our members, 24/7, 365 days a year,” said Dr. Rose. “Members will see it’s not just about the no payout limits, but also the relief to walk out with our partnered vet’s door paying only their share of the bill.”

Protecting pets in Australia was a key focus for Dr. Rose, scouring the best pet insurance offerings worldwide for a product that would make a real difference to both pets and their loving families.

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

For more information, visit trupanion.com.au. 

About Hollard

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

About Trupanion
Trupanion is a leader in medical insurance for cats and dogs throughout the United States, Canada and Australia. 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." For more information, please visit trupanion.com.au or trupanion.com.

Scott Janzen