Pet Service Holding Enters Partnership with Figo Pet Insurance

Pet Service Holding N.V. (PSH) has announced a multi-year partnership with Figo Pet Insurance. This collaboration aims to expand PSH's service range by integrating pet insurance offerings, contributing to recurring revenues. The initial rollout will occur in the Netherlands across PSH platforms like Dierenapotheek.nl, moving to Germany afterward.

The Dutch pet insurance market, with a yearly premium volume of €120 million, shows significant growth potential as only 5% of pets are currently insured. Rising veterinary costs and increased awareness are driving demand, with Figo positioned as a leading insurance provider.

This partnership strengthens PSH's position in the pet-care ecosystem, focusing on new revenue streams following regulatory changes affecting their prescription-only veterinary medicines sales.