Naphia Adds Board Member Revised
Laura Bennett Joins NAPHIA Board of Directors
Published on: Mar 3, 2016
Transcripts - Naphia Adds Board Member Revised
FOR IMMEDIATE RELEASE:
Media Contact: Loran Hickton, Executive Director
North American Pet Health Insurance Association
1-412-319-7730 / 1-412-908-9766
Pet Health Insurance Association Grows in Robust Market Adding Additional Pedigree to
Board of Directors
May 4, 2009 (Pittsburgh, PA) The North American Pet Health Insurance Association (NAPHIA)
announced today the addition of Laura Bennett, President and Chief Embracer of Embrace Pet
Insurance to its Board of Directors.
According to Loran Hickton, Executive Director of NAPHIA, “Laura Bennett is a champion of
pets and their owners. Along with her team, she has built a successful pet health insurance
company, while supporting the most positive principals of third party support for better pet care
for all pets. Laura is creative and a keenly focused business person who will add significant value
to the efforts of our Board.”
Ms. Bennett has over 16 years of insurance industry experience, including her work for The
Canada Life Assurance Company in Toronto, Canada, and Dublin, Ireland, where she held a
number of different leadership roles in asset-liability management, strategic planning, and
business development. Laura holds an honors mathematics degree from the University of Western
Ontario, is a qualified life and health actuary, and holds a chartered financial analyst designation.
Laura is the only pet health insurance actuary in North America. Laura received her MBA, with a
concentration in Strategic and Entrepreneurial Management from the University of
Pennsylvania's Wharton School, where she graduated with several university and peer awards.
She was also part of the team that won first prize in the Wharton Business Plan Competition in
2003, with an entry for a pet insurance company.
“I am honored to be a member of this distinguished board and I look forward to working with all
pet health insurance providers to educate pet parents on the value of pet insurance, and to
promote the highest levels of transparency in pet health insurance,” added Laura Bennett.
“While this difficult economy presents challenges for consumers and pet owners, it is also driving
a robust market for pet insurance; in fact, the market in North America is very strong and has
grown over 300% in just the past few years,” continued Hickton.
Research by the American Veterinary Medical Association shows that pets are truly members of
the American family. In the United States, for example, about 60% of households have at least
one dog, cat, bird, or other companion animal; many have more than one. There are more than 72
million pet dogs in the U.S. and nearly 82 million pet cats. The owners of these pets spent $24.5
billion on veterinary medicine in 2006, more than double their spending of ten years earlier.
The Board of Directors of NAPHIA:
Jack Stephens, DVM, President & Founder, Pets Best Pet Health Insurance
Darryl Rawlins, President & CEO, Trupanion Pet Health Insurance (US) and previously
Dennis Rushovich, President and Chief Executive Officer of Hartville Group, which includes
Hartville Pet Health Insurance, ASPCA Pet Health Insurance™, and Petshealth Care Plan™
Randy Valpy, President & COO, SecuriCan, Petsecure Pet Health Insurance
Founded in 2007, the North American Pet Health Insurance Association is committed to
educating and promoting the values and benefits of pet health insurance to North American pet
owners, the general public, and the veterinary industry. For more information, visit
www.naphia.org or call 412-319-7730 / 412-908-9766.