Member Profile: Bingo Insurance
Company Name: Bingo Insurance
Locations: Columbus & San Francisco, CA
Industry: InsurTech - Dog Insurance
What We Do:
Bingo coaches dog owners to become better pet parents by rewarding positive lifestyle behaviors. We offer one simple policy with seven add-ons that enable customers to customize coverage to their needs. All of this is housed in our five star mobile application.
What’s a Trend You’re Seeing/Prediction for the Future:
We are seeing more young professionals delaying traditional life milestones - such as marriage - and filling the need for companionship by becoming a pet parent. Additionally, veterinary bills have continued to rise in the last decade and more dog owners are seeking insurance to help protect against unexpected costs. We predict that advances in insurance and healthcare will originate in the pet space because of the easier regulatory scheme.
A Problem/Challenge We Are Working To Solve:
Every 6 seconds a pet owner faces a bill that is $1,000+ and veterinarian expenses are rising 4-5% annually. We aim to keep dogs healthy and owners happy with dog insurance to cover those costs. The big challenge we are working to solve is how to price more dynamically by taking into account lifestyle behaviors.
Company Slogan:
Intelligent dog insurance for smart pet parents.
Why is Ohio is a great place to do business?
Ohio is quickly becoming the insurance capital of the United States, if not the globe. We believe that the community, energy, and people here will continue to build epic enterprises. Success, knowledge, and insight is shared openly and celebrated widely. Community leaders, students, and business executives of all backgrounds take great pride in the Buckeye state.
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