PROGRAMME OVERVIEW

A specialist pet insurance
programme for Italy.

Pet medical expenses and third-party liability, written under delegated authority, with disciplined underwriting, embedded distribution and full portfolio transparency.

Discuss partnerships Meet the team

PROGRAMME SUMMARY

Class: Pet medical expenses, accident and illness, dogs and cats; third-party liability
Territory: Italy
Structure: Delegated underwriting authority
Distribution: Employers, breeders and shelters, vet clinics, pet retail and food brands, and NovaPet’s digital channels, including the app
Product: Four plans, Surgery to Platinum, plus third-party liability on its own or alongside any plan; no maximum entry age, every pet priced on breed, age, sex and location, refined with claims data and engagement data from the NovaPet app
Pricing basis: 39m+ data points; 400,000 priced quotes; fully documented for the carrier’s actuaries
Underwriting controls: Waiting periods, pre-existing conditions and referrals, set in the policy wording
Claims: In house, within claims limits the carrier sets; decided within 48 hours of complete documents
Risk profile: Short tail, attritional, negligible catastrophe exposure; results show within months
Reporting: Real-time programme data; monthly bordereaux; audit rights
Remuneration: Variable fee structure that reflects underwriting performance

THE TEAM

Senior operators with deep insurance and pet sector experience.

Deep knowledge of insurance markets and pets, and a track record of scaling profitable, sustainable underwriting and building deep distribution networks.

Daniele Caliò

Chief Executive Officer

13 years at the intersection of insurance, private equity and the pet sector, in London and Milan.

Structured more than €2 billion of insurance-backed securities.
Senior adviser to insurers, financial institutions and Fortune 500 companies at AlixPartners, as Senior Vice President, and at Bain & Company, building and restructuring businesses.
Led strategy, M&A and restructuring work for some of Europe’s largest insurers, from business plans and operating models to distribution and product portfolios, and launched new products and new markets.
Responsible for over €650 million invested, including in Europe’s largest veterinary groups (nearly 3,000 clinics between them), pet food and pet supplements.
Built an investment firm’s European business from zero to €2.5 billion of assets under management in 12 months.
MSc in Management, London Business School.

Marcello Ottaviani

Chief Underwriting Officer

Over 25 years as an actuary and insurance entrepreneur.

Designed and scaled some of the most successful insurance products in Italy for the country’s largest insurers, and contributed to several of Italy’s biggest MGA success stories.
Sits, and has sat, on the product and risk committees of some of Italy’s largest insurers.
Fourth-generation actuary: partner of the Milan practice G. Ottaviani & Partners and former Senior Manager at EY, across pricing, internal models and Solvency II.
Chairman of SaluberMD Italia, a digital health company providing telemedicine to companies and insurers.

Get in touch

Let’s build the leading pet programme in Italy together.

Carriers, reinsurers and brokers looking to grow in Italian pet insurance: we would welcome a conversation. Write to us and we will come back to you promptly.

Carriers and hybrid frontsDelegated underwriting authority
ReinsurersReinsurance partnerships
BrokersCapacity placement and distribution