Blog: How digital can help the pet insurance sector reach its full potential
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The average cost of a pet claim is on the rise with payouts often exceeding premiums. However, insurers need not cut margins to remain profitable, with Mark Colonnese of Aquarium Software, pointing to the smart deployment of digital technology as key to becoming more efficient.
Mark Colonnese, director, Aquarium SoftwareResearch by the Association of British Insurers has confirmed pet insurance pay-outs hit a record-high of £785m in the UK
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