Subject category:
Strategy and General Management
Published by:
International Institute for Management Development (IMD)
Version: 04.05.2005
Length: 6 pages
Data source: Field research
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Abstract
This is the seventh of a eight-case series (IMD-3-1276 to IMD-1280 and IMD-3-1545 to IMD-3-1547). Ever wondered why certain services, like insurance and general assistance, were available for humans and not for their most valued four-legged friends in most countries? Kris Leys, an avid dog lover, was all too aware of that gap in the Benelux insurance markets. With the help of Fortis Venturing, he launched Pet Pack in early 2004, to provide pet-related information and pet assistance services to dog owners in Belgium. It intended to launch its first pet insurance product during the Summer of 2005. Kris Leys, who had been a Branch Manager at Fortis Bank in Belgium for over 15 years as well as an enthusiast dog breeder, wanted to induce Fortis to create pet insurance products similar to those available in the UK, Sweden and the United States. If someone was to take advantage of that opportunity, why not him?
Location:
Size:
Start-up
Other setting(s):
2005
About
Abstract
This is the seventh of a eight-case series (IMD-3-1276 to IMD-1280 and IMD-3-1545 to IMD-3-1547). Ever wondered why certain services, like insurance and general assistance, were available for humans and not for their most valued four-legged friends in most countries? Kris Leys, an avid dog lover, was all too aware of that gap in the Benelux insurance markets. With the help of Fortis Venturing, he launched Pet Pack in early 2004, to provide pet-related information and pet assistance services to dog owners in Belgium. It intended to launch its first pet insurance product during the Summer of 2005. Kris Leys, who had been a Branch Manager at Fortis Bank in Belgium for over 15 years as well as an enthusiast dog breeder, wanted to induce Fortis to create pet insurance products similar to those available in the UK, Sweden and the United States. If someone was to take advantage of that opportunity, why not him?
Settings
Location:
Size:
Start-up
Other setting(s):
2005