UK FinTech Revolut has made a move into the InsurTech sector.
In Brief:
Revolut has launched a pet insurance product.
It will offer users a monthly subscription with up to £10,000 annual vet fee cover.
The plans are flexible in terms of various details of the pet (presently, just cats or dogs).
What does this mean?
While Revolut has already has an insurance offering, this is the first time the firm is offering a standalone product for pet insurance, and it’s embracing the InsurTech ethos by moving away from many more “cookie cutter” plans currently on offer.
