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Combined Insurance Expands Benefits Offering with Pet Insurance from Healthy Paws

1. Combined Insurance adds Healthy Paws pet insurance for employers and individuals. 2. New offering meets rising demand for pet coverage among consumers and businesses. 3. Integrates into voluntary benefits, enhancing employee retention and loyalty. 4. Features include no payout limits and fast claim processing. 5. Combined U.S. aims to provide valuable solutions for pet owners.

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Why Bullish?

The introduction of pet insurance taps into a growing market and aligns with employee benefit trends, suggesting possible revenue growth. Historically, companies introducing innovative products often see positive stock movement as market expectations shift.

How important is it?

The addition of pet insurance is significant for CB, signaling innovation in its product offerings and potentially enhancing competitive advantages in the market.

Why Short Term?

The increased offering could lead to immediate customer interest and sales, impacting short-term financial performance. Initial adoption rates will be closely monitored in the coming quarters.

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Partnership delivers pet coverage to meet rising demand from employers, employees and consumers , /PRNewswire/ -- Combined Insurance Company of America (Combined), a Chubb company, today announced the addition of pet insurance from Healthy Paws to its portfolio of supplemental insurance coverage for employers and individuals. The new offering integrates seamlessly into employer-provided voluntary benefits programs, allowing businesses to offer a high-demand coverage option that enables employees to care for their pets while helping to enhance retention, loyalty and overall workplace well-being. Combined U.S. consumers can easily purchase pet insurance directly online. "By adding pet insurance through Healthy Paws, we're offering employers and individuals access to meaningful, modern benefits to help reduce the financial impact of caring for families' pets," said Rich Williams, President of Combined. "Expanding our voluntary benefits suite gives our clients a valuable edge in today's competitive talent market backed by our global strength and reputation." Healthy Paws, a Chubb Company, is a top-rated pet insurer offering coverage for dogs and cats that includes accidents, illnesses and emergency care. Plans feature flexible reimbursement levels and deductible options. Pet parents can enroll through the Healthy Paws online portal or mobile app for a convenient, user-friendly experience. Unlike many traditional benefit offerings, pet parents are able to sign up any time of the year without waiting for an open enrollment period, and coverage begins the next day. Combined will offer pet insurance through its Combined U.S. and Chubb Workplace Benefits (CWB) operating brands. Combined U.S. provides benefits to employees at the worksite and to individuals through insurance agents and brokers, and CWB caters to mid- and large-market employers through brokers and benefits consultants. "Expanding access to pet insurance through Combined U.S. and Chubb Workplace Benefits is a natural fit, especially as more people seek valuable solutions that support their personal lives," said Alex Faynberg, Executive Vice President, Head of Healthy Paws. "Our collaboration allows more pet parents to find flexible, reliable coverage that supports their pets' health and their peace of mind." Additional plan features include no maximum annual or lifetime payouts, streamlined mobile and web-based claim submissions, and reimbursements typically received within two business days. For more information about Combined, visit www.combined.com. To learn more about Healthy Paws pet insurance, visit www.healthypawspetinsurance.com. About Combined InsuranceCombined Insurance Company of America is a Chubb company and a leading provider of supplemental accident, health, disability, and life insurance products in the U.S.* and Canada. Headquartered in Chicago with a tradition of more than 100 years of success, we are committed to making the world of supplemental insurance easy to understand. The company has an A+ rating by the Better Business Bureau and an A + (Superior) financial strength rating by AM Best. * In New York, products are underwritten by Combined Life Insurance Company of New York (Latham, N.Y.). About Healthy PawsHealthy Paws, a Chubb company, is a leading provider of pet health insurance in the United States, dedicated to helping pet parents give their pets the best medical care possible. Founded in 2009, Healthy Paws offers a simple, transparent plan that covers new accidents, illnesses, cancer, emergency care, genetic conditions, and more. With an easy-to-use mobile app, fast claims processing, and a customer-first approach, Healthy Paws delivers a seamless and compassionate experience. As part of Chubb, a world leader in insurance, Healthy Paws is backed by exceptional financial strength and industry expertise. Learn more at www.healthypawspetinsurance.com. About ChubbChubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide. Additional information can be found at: www.chubb.com. SOURCE Chubb WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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