US-listed pet insurer Trupanion has formed a partnership with Hollard Insurance Company to offer cover in Australia.

Trupanion Australia is the insurer’s first foray outside North America. It will employ its successful “no payout limits” model here.

“The existing and traditional forms of pet insurance in Australia have delivered significant benefits to patients, their families and vets… but they didn’t solve they key problems faced at the ‘tableside’ and at reception counters in vet hospitals,” Trupanion Australia GM Stephen Rose told insuranceNEWS.com.au.

“With limits and sub-limits, it doesn’t take away the decision and conversation around the cost of procedures and whether to treat the patient the way it deserved to be treated.

“Trupanion’s one simple plan and approach is to be there when the pet needs us to be… with no payout limits or sub-limits. This unique position, combined with the ability to pay vets directly, will change the types of conversations between vets and their customers.”

Trupanion Australia is an authorised representative of Hollard, according to its website.

Hollard has not responded to queries from insuranceNEWS.com.au about whether the offering will complement or compete with the range of pet covers it underwrites.

Hollard’s PetSure is the dominant underwriting agency in this market, with 20 products.