I want to become an insurer of pets health, how do i go about it?

Question

I want to have my own company that provides pet insurance against vet bills, do i need any special license and where do I start?

Answer 1

UK/EU answer

Yes you need a licence... selling insurance without one is serious criminal offence.

The chances of you setting up an insurance company (i.e. accepting the risk yourself) is frankly nil. You need free assets (i.e. not bank loans etc) of millions before you can do this.

The EU minimum is over Eur 3,000,000, practically you'd need well over 10,000,000 before anyone will talk to you.  

I'm assuming that you don't have 10m in the bank.... so if you think you have a unique idea or have spotted a gap in the market approach a good broker or an insurer with your idea... they are always looking for ways to expand.

I mean this kindly, but to be honest your question  shows you don't really understand anything about how insurers work.....I don't have space to explain why here, feel free to email me if you want to discuss....sorry, but there it is... I admire your ambition, but setting up a company from scratch is a non starter.