Trupanion Stock Jumps On Partnership With Chewy

Chewy Inc CHWY has partnered with pet medical insurance company Trupanion Inc TRUP to offer an exclusive suite of pet health insurance and wellness plans to its ~20 million customers. The financial terms of the arrangement were not disclosed.
Chewy will offer customers preventative care wellness plans and comprehensive insurance plans for accidents, illnesses, and chronic conditions through the partnership.
Chewy expects to leverage Trupanion's patented software to pay veterinarians directly, thus reducing out-of-pocket expenses and increasing access to care.
The plans will be available for purchase on Chewy.com beginning in Spring 2022.
Price Action: CHWY shares are trading higher by 2.80% at $61.21, while TRUP is higher by 29.8% at $145.1 on the last check Tuesday.