Research Coverage

ipet Holdings

Code: 7339Last Update:
Research Reports
Download Research Report

ipet Insurance is Japan’s second-largest provider of pet insurance. The company differs from other pet insurance companies in three main ways. a) Categorized as a “non-life” insurer: Most pet insurance companies are small-amount, short-term insurance companies that register with local Ministry of Finance bureaus and have a capital requirement of JP10mn. Being categorized as a non-life insurer, ipet is licensed by the Financial Services Agency and has a minimum capital requirement of JPY1.0bn. ipet is also a member of the Non-life Insurance Policyholders Protection Corporation of Japan, which functions as a safety net for policyholders. b) Over-the-counter payouts: Like industry leader Anicom Holdings (TSE1: 8715), insurance payouts are settled over the counter at major animal hospitals around Japan. c) Online sales channels: The company has cultivated fast-growing online channels. Expertise in this area has helped keep the overall loss ratio under control and secure profits.

Our Policy

We interview management for hours, asking exhaustive questions to uncover the essence of the business.

We pinpoint strengths and weaknesses, and discuss strategy. Our aim is to make deep knowledge about the company readily available, saving investors time and enabling dialogue.

Our Research

We start our coverage with a substantial core report. We then continuously update this report to reflect earnings, newsflow, and any material developments. We interview the management quarterly to help you stay on top of the story.

Our report is an authoritative Owner’s Manual of the company—a vital piece in the investor’s toolbox.

For Investors

If you find our efforts valuable, please tell companies you want them to join our growing client list.