Trupanion (NASDAQ:TRUP) is a leading provider of medical insurance for cats and dogs, offering comprehensive coverage to help pet owners manage the cost of veterinary care. The company’s flagship product is a single medical insurance plan that reimburses 90% of actual veterinary invoice costs with no payout limits per incident, ensuring pets receive necessary diagnostic and treatment services. Trupanion’s coverage extends to a broad range of conditions, including accidents, illnesses, hereditary and congenital issues, as well as alternative therapies when prescribed by a veterinarian.
Founded in 2000 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion has built its reputation on simplifying the insurance process for pet owners. The company became publicly traded on the NASDAQ in 2014 under the ticker symbol TRUP, attracting attention for its pet-focused underwriting expertise and data-driven approach. Over the years, Trupanion has expanded its technological capabilities, introducing tools such as Trupanion Express to facilitate direct payment to veterinary hospitals and streamline claims processing.
Trupanion serves pet owners across the United States and Canada through direct-to-consumer channels as well as partnerships with veterinary hospital networks. The company leverages collaborative relationships with veterinary professionals to educate pet owners about preventive care and treatment options. In addition to its core insurance offering, Trupanion provides optional rider benefits, such as coverage for diagnostic testing, pharmaceuticals, and certain complementary treatments, allowing customers to tailor their policies to individual pet needs.
Under the leadership of CEO Darryl Rawlings and an experienced executive team, Trupanion continues to focus on product innovation and customer service enhancements. The company’s mission is to strengthen the bond between pets and their owners by helping families afford the highest quality medical care. With a commitment to transparent underwriting and rapid claims turnaround, Trupanion maintains its position as a prominent participant in the North American pet insurance market.
