Trupanion: Is A Rate Spiral Already Underway? [Seeking Alpha]
Trupanion, Inc. (TRUP)
Last trupanion, inc. earnings: 4/30 04:05 pm
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US:NYSE Investor Relations:
investors.trupanion.com
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Source: Seeking Alpha
Summary I have long wondered if TRUP is under-pricing its business, and it seems that I'm not the only one. The term rate spiral depicts the never-ending losses and subsequent price raises that are a result of an insurance book being underpriced. It can be terminal. The Obamacare exchanges are an example of adverse selection that caused rates to spiral higher and higher. Even the federal government's attempt to backstop didn't work. A former employee recently weighed in on TRUP's premium raises, and it's not encouraging. Rate (Or Death) Spirals, As Defined By Wikipedia : Death spiral is a condition of the insurance market in which costs rapidly increase as a result of changes in the covered population. It is the result of adverse selection in insurance policies in which lower risk policy holders choose to change policies or be uninsured. The term is found in the academic literature at least as early as Cutler and Zeckhauser's 1998 paper, Adverse Selection in
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TRUP
News
- Trupanion Wins Silver Stevie® Award in 2024 Stevie Awards for Sales & Customer Service [Yahoo! Finance]Yahoo! Finance
- Trupanion Wins Silver Stevie® Award in 2024 Stevie Awards for Sales & Customer ServiceBusiness Wire
- Trupanion Publishes 2023 Annual Letter to Shareholders [Yahoo! Finance]Yahoo! Finance
- Trupanion Publishes 2023 Annual Letter to ShareholdersGlobeNewswire
- Paw Protect Pet Insurance Review 2024 [Forbes]Forbes
TRUP
Earnings
- 2/15/24 - Beat
TRUP
Sec Filings
- 4/5/24 - Form SC
- 4/4/24 - Form 8-K
- 4/3/24 - Form 4
- TRUP's page on the SEC website