Author: michellglass
North American Pet Insurance Market More Than Doubles in Four Years
The North American Pet Health Insurance Association (NAPHIA) announced that North America’s pet insurance sector exceeded $2.83 billion USD at year end 2021, and industry growth more than doubled over the past four years (2018 – 2021). Today’s release of NAPHIA’s 2022 State of the Industry Report revealed a number of significant industry milestones, including a record $2.837 billion USD in total in-force premiums in 2021 (up over 30.5% from $2.175 billion USD in 2020) and over 4.41 million insured pets across North America (up 27.7% from over 3.45 million pets insured in 2020). “The societal and behavioral changes we ... Read more